Established Spice Distributor Expands Internationally, NY.
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Asking Price
$1,050,000
Detailed Information
Business Description
Established for 30 years, this International Spice Distributor sources a wide range of common, unique, and hard-to-find spices for New York's top chefs and eateries, as well as major retailers and supermarkets like Fresh Direct and Hi-End Chains. The business, comprising 1/3 online retail sales, 1/3 wholesale, and 1/3 web sales through major platforms, has recently expanded into Canada, England, and Singapore. Operating with two trucks and Kosher certification, the company weathered the challenges of Covid-19 by developing high-margin proprietary blends now in high demand. Featuring over 1000 proprietary blends and offering private label programs, the distributor boasts robust margins and a strong online presence, though it does not participate in trade shows or magazines. With a solid social media following, the business presents an opportunity for a buyer with at least $1 million in proof of funds and experience in food or distribution. The current owner is willing to assist for up to