Lund Food Holdings, Inc.
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Lund Food Holdings, Inc. - overview
Location
Edina, MN, US
Primary Industry
Retail
About
Lund Food Holdings operates as a grocery retailer, providing a wide range of products and services tailored to meet diverse customer needs, from fresh produce to specialty items. Lund Food Holdings, Inc. is a grocery retailer headquartered in Edina, US, focused on offering a variety of food and household products. The company has not undergone any significant pivots in its business strategy.
Lund Food Holdings does not appear to have subsidiaries or a parent company. Specific founding details and information about its founder are not available, but the company has established a strong presence in the Minneapolis and St. Paul metropolitan areas. Lunds & Byerlys is a prominent grocery retailer offering a diverse array of products and services designed to meet the needs of its customers across various demographics.
The core product offerings include fresh produce, dairy, meats, pantry staples, specialty foods, and household goods. They feature an extensive selection of organic and locally sourced items, catering to health-conscious consumers. Lunds & Byerlys also provides prepared meals and catering services, emphasizing convenience for busy families and individuals, serving customers in the Minneapolis and St. Paul metropolitan areas, as well as other select markets across Minnesota.
The revenue structure of Lunds & Byerlys is primarily generated through direct sales to consumers within its grocery stores, offering a wide variety of products at competitive prices. The company operates on a retail model, focusing on both in-store shopping and e-commerce solutions that facilitate online ordering and delivery services. Revenue is derived from individual consumer sales as well as bulk orders for events or catering, with potential partnerships with local farmers and suppliers enhancing its product offerings. The flagship products include house-brand items, designed to provide quality at a value.
Currently, Lund Food Holdings has plans to introduce new product lines designed for health and wellness, expected to launch in late 2024. The company is also looking to expand into new markets within the greater Minnesota area, targeting the Rochester and Duluth markets by 2025. Recent funding will be utilized to support these expansion efforts and product development initiatives.
Primary Industry
Retail
Sub Industries
Supermarkets & Grocery Stores
Website
www.lundsandbyerlys.com
Total Amount Raised
Subscriber access only
Lund Food Holdings, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| N/A | Completed | 3906-3916 50th Street West | - | ||||||||
| Trade Sale | Completed | Byerly's | - |
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