Profitable Online Grocery Store Business was acquired by Private Buyer
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. This is an ideal opportunity for an established brick and mortar supermarket business to add a turn-key e-commerce component to its business. The acquisition could be a good fit for an established distribution or logistics business that has spare warehousing capacity as the sole bottleneck for growth in the business is the warehousing and transportation capabilities of the existing operations. The owners are 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.
Profitable Online Grocery Store Business
Beacon acted as advisors to this company for the sale of the business