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Profile# 3031

Frozen Food Distributor

Location: Pittsburgh Area
Gross: $300,000     Net: $50,000+     Price: $130,000
Years Established: 3        # Of Employees: 1
Terms: None
Comments: Unique product line with very little competition. High markup, yet customers save a lot, making a win-win situation. Owner's work time under 25 hours/wk. One part time employee works about 18 hours/wk. at $10.00 per hour plus commission. The current approximate $50,000 net profit is after employee and all expenses are paid. With customers buying only 1-3 items, the expansion potential within the customer base is a no brainer if one wants to do it. Outside the customer base, the market area is hardly touched. Price includes 29,500 gvw freezer truck, 10,000 gvw freezer truck, computer & phone system, and 8 large chest freezers. The owner has sold 5 other similar businesses since starting in 1967. For the owner, perhaps it is time to retire. Impressive house/warehouse with rentals possible on 2 acres is also available at additional cost for a turn-key operation. Training and consult no problem. Inventory value, usually about $6,000 to $10,000 at end of week is not included in purchase price; it needs to be purchased at cost at closing. Total credit extended to customers is currently about $3,000 to $5,000 at week end. Sorry, financing is not an option.

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