Major Food Distributor in California for Sale

Broker is representing a major wholesale distributor of ice cream products with approximately $47 million in revenue and $4+ million in EBITDA (2022) operating in 43,000 square feet of building space located in Los Angeles, a temperature-controlled 32 feet high facility with powerful high-end industry freezers providing ice cream to its diversified customer base consisting of approximately 70 wholesalers representing 60% of its revenue and 2,500 retailers representing 40% of its revenue. The property lot is 76,000 square feet of area which is fully owned by the founders and can accommodate 50 trailers and 30 vehicles. They are one of the top 3 wholesale distributors of ice cream in Southern California with almost 30 years of history under the same founders/management, now in retirement age looking to exit.

We have an exclusive mandate from our client to find the right company/buyer with synergies that would benefit from this acquisition by expanding and/or diversifying into other food product lines and territories using Los Angeles as a major distribution hub.