Food Service Distribution Business with a 38,000 sf Building
Opportunity to acquire an independent food service distributor in Southern Ontario. The business is a full-service retail and food distributor carrying various products to service the convenience channels, municipal clients, and food and hospitality businesses across the GTA. The price is for a Share transaction, which includes the business and a 38,000 square feet stand-alone facility located just over an hour from downtown Toronto.
The building, constructed in 1992, has approximately 25% of its area temperature-controlled and a spare capacity of roughly 10,000 square feet, allowing for further expansion. Direct deliveries are performed on temperature-controlled trucks owned by the business.
The company has a diversified client base, with over 700 customers servicing a large area of Southern Ontario. Customers are grocers, restaurants, municipalities, hospitals, convenience retailers, and various hospitality companies. The business distributes frozen meals, dry foods, grocery products, confectionery, tobacco products, pain relievers, and health and beauty products.
This is an ideal opportunity for strategic buyers already operating in the food distribution or related industries looking to expand their market share, enter new geographic region, or diversify their product offerings; or companies with complementary capabilities (i.e. logistics expertise, technology platforms or access to specific customer segments).
Operating business includes a normal amount of Working Capital. Revenue numbers are for the Year End 2024 (ending September 30, 2024). Gross Profit is consistently running at approximately 20% of Revenue.