MergerPlace

Grocery Delivery Business for Sale

Michigan (Kent)


  • Asking Price: $795,000
  • Gross Income: $1,300,000
  • Cash Flow: $220,302
  • Real Estate: Not Disclosed
  • Inventory: $20,000
  • FF&E: $100,000
  • Listing ID: #214659
  • Established: 2011
  • Employees: 12

Business Description

Founded in 2011, this fast-growing company is the organic food delivery leader in Michigan. Via long-standing relationships with local farms, small foodmakers and a network of distributors, the Company provides its core offerings of local & organic produce, pastured proteins, and a wide variety of other groceries both locally sourced and also curated from “trendy” national health food brands. Product breadth has been, and will continue to be, a huge growth driver for the Company. Not a single competitor offers this product mix to a large-scale market.

This consistent and profitable delivery service is well built for order picking, quality inspection, and delivery reliability and efficiency. Because of the Company’s superb service, the Business boasts great reviews online, rarely less than five stars, along with a strong history of new business through customer referrals.

As successful as the Business has been to this point, there remain huge opportunities for growth through continued expansion in Metro Detroit with a focus on an intentionally developed digital marketing strategy. To date, the primary focus has been building the business through farmer/foodmaker relationships as well as an emphasis on customer satisfaction through operational success and efficiency. The systems in place are built to scale up. The company has relied largely on customer referrals and word of mouth for new customer acquisition, leaving the door open for major growth through digital marketing initiatives.

The Company projects a 12.5% compound annual growth rate through the next five years without significant capital investment.

The owner would like to sell the Business to pursue new opportunities.

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Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Michigan
County: Kent

Company Information

Year Established: 2011
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 12

Financial Information

Asking Price: $795,000
Gross Revenue: $1,300,000
Cash Flow: $220,302
FF&E: $100,000
Inventory: $20,000
Seller Financing Available: Yes

Property Information

Facilities:

The Company operates out of a leased 3,700 sq. ft. facility. The facility has 1,000 sq. ft. of office space including two offices with multiple workstations and a conference room. The 2,700 sq. ft. warehouse space is used to receive, store, sort, and pack product. The Company can exit the lease with 6 months’ notice.

Growth & expansion opportunities:

While the Company expects 10-15% growth based on current budget levels, it is well-positioned for substantially higher growth. The primary competitor closed its doors in 2017, opening the opportunity for $12-15M in untapped customer demand in the Metro Detroit area. Since then, the Company has expanded in the area but hasn't nearly reached the level that is possible based on the market that was proven. A refined sales and marketing strategy, with a specific focus on digital marketing, could be highly effective in helping the Company achieve high growth.

Competition:

Investment Highlights Include: (1) Unique, High-Margin Product Offering (2) Proven and Profitable Delivery Systems and Service (3) Ability to showcase local farms (4) Demonstrated historically proven market

Reason for selling:

Ownership has other opportunities he would like to pursue.

Support & Training:

Ownership is willing to provide reasonable and customary transition assistance.

Contact Business Seller

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Business Listed By:

Matt Baas

Calder Capital, LLC