Home > DealMart
2404 S Wolcott Ave, Chicago, IL 60608, United States
2404 South Wolcott Avenue Chicago Illinois 60608 US

Second generation retiring owner of strong regional food wholesale business with long-standing national clients is looking to sell the business with the real estate. The sale must include the property and business to be accepted. The property is located in the nationally renowned Chicago International Produce Market that was built in 2002 and considered the best wholesale food distribution market in the Midwest. The property is a commercial condo that has seen extensive improvements since being acquired. The business currently focuses on traditional Hispanic fruits and vegetables with a four decade history with suppliers in the United States, Mexico, and the Caribbean. The owner agrees to stay on for up to a year to help the transition and will consider offering partial seller financing.


Valuation of the purchase price is outlined below. Seller has priced this aggressively to sell quickly. Preference will be given to those having industry experience and being able to close in a timely manner.


Real Estate – $3,000,000 (based on bank ordered appraised value as of 11/2016)

Business – $680,000 (one and one half times net operating income)

Assets – $620,000 (equipment, inventory, receivables, and FF&E)


MBBI Member
Asking Price
Gross Revenue
Cash Flow
Metro Area
Is this a franchise?
Home Based?
Can the business be relocated?
Number of Employees
Year Established
Seller Financing Available?
Yes for up to 10% of purchase price with a 5% annual interest rate paid with interest only due monthly until the balloon payment.
Company Structure
S Corp
14 year old fully equiped light industrial property with a fully furnished showroom, office, warehouse, 26 foot ceilings, and 6 docks
Reason for Selling
Retirement and health
Market Outlook Competition

The business has an immediate 20% growth opportunity in the first two years conservatively as the owner has not actively added new products or customers in the past three years. This is a particularly strong opportunity for a company currently operating as a meat distributor, frozen produce distributor, conventional food distributor lacking a Hispanic food product line, or an international grower looking for an established distribution company in the Midwest.

Management Support
Yes the owner will agree to a consulting agreement for up to 12 months to support the transition and introduction to the entire current client base.
Real Estate Included?
Real Estate Value
Equipment Value
Inventory Included?
Inventory Value
FF&E (Furniture, Fixtures & Equipment)
Cash Flow Comments

EBTIDA has been averaging 6-7% of gross revenue for the past five years consistently. The current owner maintains a very limited but seasoned staff with an average industry experience of at least 10 years and 4 years at the company. The current product line is also specialized offering wider margins that more conventional produce. Depending on structure and product lines the margins and can be expanded or maintained while greatly increasing the top line numbers.

Gross Revenue Comments

The gross revenue is stable and consistent not being below $6MM for the past five years. As a second generation operator of the business the established network and client channels help reduce exposure to seasonality, production, collections, and new competitors. The unique luxury of the real estate allows a potential buyer to resell the business and remain a landlord generating at least $21/ SQ Ft on a true NNN basis. The Chicago International Product Market is an almost necessity as a location for any established food distributor which allows for the rent premium opportunities.

Igor Zhizhin
Important forms (NDA, etc)
Exterior 3 weeks ago
Common area 3 weeks ago
Storage 1 3 weeks ago
Storage 2 3 weeks ago
Storage 3 3 weeks ago
Showing 6 results