ARBB Successfully Sells a Poultry Wholesale Distributor in the GTA
We are pleased to announce the successful sale of a poultry wholesale distribution business located in the Greater Toronto Area of Ontario, Canada. The owner had previously tried to sell the business for over a year and was convinced it was unsellable after little to no luck. However, the ARBB team countered this perspective through a deep dive valuation showing the actual and true market value of the business, and the business sold for nearly double than what the seller originally intended.
With its premises consisting of a third party loading dock, and all the revenue coming from the sale of mainly one product, this was a unique business to sell. ARBB’s sell side broker found the right buyer who was a great fit for taking over the business. The buyer was already familiar with the industry having worked in meat distribution for high end restaurants, specifically for beef and other poultry items, creating a great synergy between buyer and seller. The acquisition of this new company allowed for the buyer to introduce their current clients to the offering of the new business, as well as expand the offerings of his current clientele. It was important to find someone who would be able to uphold the business that the seller worked hard to build.
The owner received a solid LOI (Letter of Intent) within a week of the business being listed and marketed, and the sale closed in an efficient manner in only 106 days. With a closed deal that was over the asking price, this was a significant achievement for all parties involved.
Congratulations to the buyers and sellers of this business!