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Agent Profile

Agent: Fernando Saldivia

Main Office: 713-680-1200

Direct Line:

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Listing Profile

Wholesale Produce Company in South Texas For Sale - With Real Estate Available - SBA Financing Available

Listing #: 8160

Texas

Listing Profile
Business Classification:
Wholesale / Distribution
Business Purchase Price:
$599,000
Working Capital:
$0
Real Estate Price:
$325,000
Total Purchase Investment:
$599,000
Down Payment Required:
$59,900
Gross Revenue:
$2,368,787
Discretionary Earnings:
$148,551
Imputed Rent:
$0
Total Cash Flow:
$0
Description and Operations
Business Description:

Established in 2012, this wholesale produce company imports and sells a full line of fruits and vegetables to grocery suppliers and produce companies all over the US. Located in the produce terminal market of McAllen, TX, the company has built an efficient system of harvesting, packaging, sales, and distribution with growers throughout Mexico. Their produce can be found in stores like Walmart and HEB. The company is Primus GFS compliant, licensed with PACA and registered with Blue Book Produce Services. Sources of new business are 40% Blue Book, 40% word-of-mouth and 20% via advertising & social media. The company is also setup with ProducePay, a leading produce factoring company which allows them to collect payments within 30 days. Revenues last three years averaging over $2 million per year. Great growth potential to increase revenues by expanding sales staff and adding new product lines by working with more growers. Certified warehouse is 2800+SF with 15 trucks capacity. Trademark, brand name/logo and website are included in sale. Seller will provide training to ensure smooth transition with key supplier and grower contacts. The buyer can either lease the property for $2083/month base rent or buy the property for $325,000.

Business Established Date:
2012
Reason for Sale:
Career change won't allow time to grow business
Full Time Employees:
3
Part Time Employees:
0
Facility Type:
2830sf warehouse facility
Monthly Rent
$0
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