MergerPlace

Wholesale Ice with Property

New Jersey (Essex)


  • Asking Price: $747,900
  • Gross Income: $451,642
  • Cash Flow: $104,159
  • Real Estate: $399,000
  • Inventory: $16,350
  • FF&E: $143,099
  • Listing ID: #207171
  • Established: 1988
  • Employees: 3 FT/ 4 PT

Business Description

A successful Wholesale Ice Distributor plus Real Estate! The business has been making ice and delivering it to commercial customers for nearly 30 years. With over 300 accounts in central and northern NJ, trucks go out daily to stock ice bags at various retail, construction and corporate locations. The business also maintains ice boxes at certain preferred accounts. If you like wholesale or distribution businesses and are looking for a growth opportunity this is it. The business is primed for growth with a good operator coming in to run the daily operations. Mainly seasonal business so you can choose to take winters off! Don't miss out- Inquire now! Rental Income as well!


Business Details

Primary Business Category: Manufacturing - Miscellaneous Manufacturing
Location: New Jersey
County: Essex

Company Information

Year Established: 1988
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/ 4 PT

Financial Information

Asking Price: $747,900
Gross Revenue: $451,642
Cash Flow: $104,159
FF&E: $143,099
Inventory: $16,350
Real Estate: $399,000
Seller Financing Available: No

Property Information

Facilities:

The Real Estate is included in the price of the sale. The building is standalone with walk-in freezers, ice making machines, office, all equipment and a shop yard for the trucks. Additionally, the Real Estate includes a 2 family house with good leases in place for rental income.

Growth & expansion opportunities:

A high barrier to entry so competitors are well established. By adding sales and marketing this business is primed to grow. Can easily be expanded into new markets outside of current territory.

Competition:

Most of the competition is well established in the New Jersey market. Wholesale ice distributors rarely come up for sale so this is your chance to own one.

Reason for selling:

Owner is retiring due to health issues. The business has been successful for 30 years and the current owner would like to see the business transition successfully. He will stay on and train a new owner for the required period of time needed.

Support & Training:

Will train for 2 weeks @ no cost. Specializing in 3-40 pound bags of ice with daily/weekly delivery to all customers. All inspections are up to date and equipment is in good working order. Great opportunity for someone with wholesale and distribution experience. Additionally, if you like route sale businesses this is for you.

Contact Business Seller

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Business Listed By:

Daz Connell

Murphy Business Brokers