GroceryMarket.ca was acquired by Grocery Gateway by Longo’s

GroceryMarket.ca was acquired by Grocery Gateway by Longo’s

GroceryMarket.ca was acquired by Grocery Gateway by Longo’s

Transaction Description

This is an opportunity to acquire a fast growing online grocery business with an excellent online presence in the Canadian market, and a state-of-the-art e-commerce website. The business has been in existence since 2014 and is already surpassing 1.5M in annual revenue. The business has excellent SEO for all grocery delivery related Google key terms as well as its own warehousing and transportation set up. The business has a roster of established suppliers and sells a mix of dry packaged goods, fresh produce, dairy, beverages and meats. Clients include corporate and individual (residential) customers. All orders are processed through the website and delivered to the end user by trained professional drivers. The previous owners were looking to sell as the fast growth of the business (between 30% – 70% per annum), unless amalgamated with a larger distribution or grocery business, would require further investments into more warehousing, refrigeration and other facilities.

Transaction Details

Grocery Gateway by Longo's

Greater Toronto Area

GroceryMarket.ca

Greater Toronto Area

Beacon acted as an exclusive sell-side advisory in the transaction.