Food Hub and Distribution Company
Northeast, US
Consumer, Food & Retail
The Company designs and delivers supply chain programs that align with the geographic, social, and ecological priorities of institutional and wholesale food buyers. Collaborating with farmers, food processors, and other distributors, the Company delivers regional products such as produce, dairy, meat, and minimally processed items at scale. Additionally, the Company has its own brand line, which holds a trademark designation.
Key Aspects
• Strong financial performance with sales reaching $10.5M in the trailing twelve months (TTM) ending June 30, 2024 and gross profit margin averaging 19.4% from 2021 to 2023
• As of June 30, 2024, the Company has an estimated $3.06 million remaining to be billed on its current contracts
• The Company has no long-term liabilities as of June 30, 2024
• The Company is a Certified B Corporation, indicating it has undergone certification by the nonprofit B Lab for its high standards in social and environmental performance, as well as its commitment to accountability and transparency
• The Company has an established and growing brand, accounting for approximately 31% of revenue in the TTM ending June 30, 2024, according to management
Opportunities
• Leverage current government mandates to expand publicly funded food programs across state and city agencies, including schools, food banks, and correctional and healthcare institutions
• Capitalize on values-based sourcing standards and capabilities to pursue environmental, social, and governance (ESG) opportunities in the food service sector for private organizations
• Develop and coordinate additional branded value-added products to capture significant market demand
• Expand market reach by growing the network of distribution partners and leveraging established affiliations with key distributors
• Extend sales and distribution across the Northeast US through channel affiliations
Headquartered
• Northeast, US
Current Markets
• The Company primarily serves publicly funded food banks, food pantries, schools, and distributors throughout the Northeast, US.
Real Estate
• The Company operates from a 19,000 sq. ft. facility leased from an unrelated third party, which will not be included in the sale but may be leased long-term. The Company also utilizes third-party cold storage facilities and fulfillment centers throughout the Northeast to support its operations.