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#5227
Syracuse

Food and Seafood-wholesaler to the restaurant and store industry

$350,000
Food and Seafood-wholesaler  to the restaurant and store industry
This Listing is Expired

This company has a long history of success since opening in 1970. The current owner purchased the business in 1983 and is ready to hand the reigns over to fresh younger talent to grow the business to the next level.  This business is located in Syracuse and has a history of providing quality services, products and on-time delivery to their restaurant businesses. The sale includes real estate, two  refrig. trucks, a 4,000 SQ. Ft. building off Erie Blvd and walk in cooler and freezers among other equipment needed to operating this business. 

This business is a  full line wholesaler Food items with a focus on fresh fish with an excellent and experienced staff in place to help the new owner. Last year's sales were in the $1.7 million area with owner cash flow of about $170,000.  This would be a great business for for family operation with one inside person and perhaps a outside sale person.

Business is open 5.5 days a week.  The owner is looking to retire after 35 years of running this food service business. If you're a good leader, know the food service business and good with people, then you'll be able to pull possibly another 10% out of the operating costs. 

SBA loan available to qualified buyer. 

Broker Michael Kinney DRE License #37K10989135

Lease

Region:
Syracuse
Total Monthly Rent:
NA

Financials

Last Year's Annual Gross:
$1,700,000
Last Year's Owner's Cash Flow:
$170,000

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
1
# of Family Employees:
1
# of Working Owners:
1
Hours Open:
Monday to Friday 8-5 and half day on Sat
Year Established:
1983

Facilities

# of Parking Spots:
20
Inside Sq. Ft.:
4,000
Outside Sq. Ft.:
2000
Lot Sq. Ft.:
Double lot

Highlights

  • Profitable
  • Restaurant meat
  • Can goods
  • Frozen items
  • Fresha seaffod
  • Good customer base
  • Sale’s 1.7
  • 170 net
  • Good location and way tp open Syracuse market
  • Good staff in place
  • Weekly Purchases 35-40k
  • Very low accounts to assume

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 22,956 93,138 169,035
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 8,339 37,836 69,475
2010 Persons Per Household 2.25 2.29 2.30
Median House Value $119,000 $104,514 $97,476
Income Per Household $24,591 $34,117 $36,071
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 504 2,661 4,618
2012 Number Of Employees 33,958 119,930 176,978
2012 Total Annual Payroll $846,922,000 $2,747,177,000 $3,734,898,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that MJ Kinney Brokerage, LLC.  DBA SellingRestaurants of New York ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.


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