Astoria – Long Island City Area Gold Medal Bread Distribution Route

Asking Price$140,000

Cash Flow
$62,000

EBITDA$62,000

Gross Revenue$78,000

InventoryNot Disclosed

FF&E$10,000
Included in asking price
Real EstateNot Disclosed

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Astoria – Long Island City Area Gold Medal Bread Distribution Route


Asking Price$140,000

Cash Flow
$62,000

EBITDA$62,000

Gross Revenue$78,000

InventoryNot Disclosed

FF&E$10,000
Included in asking price
Real EstateNot Disclosed

Business Description
Price: $140,000 – Weekly Sales: $5,000

Incredible Astoria/Long Island City area bread route with protected distribution rights for major brands with established accounts. The route owner is responsible for ordering, delivering and selling Panera, Gold Medal and other bakery products to their customers. The warehouse/depot for product pickup is located in Hicksville.

The current owner averages approximately $5,000 per week in gross sales. The owner generates approximately $1,500 per week in earnings. This is a VERY high commission rate…most bread routes earn 16-20% commission before any expenses are paid. Operating costs vary from owner to owner but generally include gas, insurance, maintenance and storage/parking.

Schedule is relatively flexible as long as deliveries are made as necessary…the current owner works four days per week and approximately 10 hours per day but an owner could work five days per week and shorter days…or grow the route and add additional days/hours. The company covers 35% stale. The current owner’s 2011 Ford E350 box truck is included with the purchase. Full training will be provided by the current owner and company. Some company financing is available for qualified buyers.

WHAT ARE THE DAILY RESPONSIBILITIES OF THE ROUTE OWNER?

The route owner is responsible for servicing their customer base and ensuring that product is well stocked and maintained for the consumer. Route owners will order, deliver and stock product accordingly. There is flexibility in the days and hours as long as the customers are being serviced properly. The current owner works four days per week and typically begins loading the truck around 4am and finishes at 2pm.

GROSS EARNINGS/COMMISSIONS

This route is currently averaging approximately $5,000 in weekly sales volume. The current owner grosses approximately $1,500 per week. The sales volume can be confirmed through sales reports/invoices. Sales reports and other information can be provided once we receive an NDA submission.

OPERATING COSTS

Typical expenses include fuel/gas, vehicle insurance, vehicle maintenance, commercial liability insurance (often added on to vehicle policy) and handheld/printer/warehouse expenses. The current owner has their insurance, handheld computer/printer and vehicle lease payments taken directly from their weekly route settlement. There is very little in terms of administrative/bookkeeping work.

Expenses will vary from owner to owner depending on how far they are from the warehouse and territory, what type of vehicle they use, what rates they receive on insurance, etc. The current owner estimates $300 per week in operating costs. This leaves a weekly net of approximately $1,200 That figure does not include loan payments, taxes, etc. as they are highly variable from owner to owner.

GROWTH POTENTIAL

There are display opportunities and the potential for more space in stores that is not being maximized with the current route operator.

Nearly every route has growth potential both within the current accounts or by adding new customers to the route. The route owner can work with current accounts and company managers to maximize sales volume. New accounts such as independent grocery stores, restaurants, schools, hospitals and other accounts could potentially be added to the business as well. The company sales managers do provide support with these growth efforts.

FINANCING

An estimated 60% down payment would be required

VEHICLE AND OTHER EQUIPMENT

The current owner’s 2011 Ford E350 truck is included

TRAINING

The current owner has agreed to provide training to the buyer. In addition to training from the current route owner, the company will provide some assistance when possible and will always provide administrative/sales support. The manufacturer wants their route owners to be successful so you will have a solid support system behind you.

SCHEDULE

The current route owner works Monday, Tuesday, Thursday and Friday from approximately 4am-2pm
About the Business
Currently Home Based
Yes
Listing Info
ID
2414136
Listing Views
32

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Business Listed by: Jay Armour The Route Exchange

Listing ID: 2414136 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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