Update: In 2011, Gourmet Guru generated in excess of $30M in revenues with a run rate in excess of $40M for the first months 2012. Employment has increased from 30 to 100 people. In April 2011, the SBA named Gourmet Guru as Family-Owned Business of the Year. Click here to read more!
In the summer of 2011, New York's Mayor Bloomberg chose the company as the Bronx Small Company of the Year! Click here to read more!
Gourmet Guru founder Jeff Lichtenstein, center, receives a Small Business of the Year Award from Small Business Services Commissioner Robert Walsh, left, and Mayor Michael Bloomberg.
When Jeff Lichtenstein, president of Gourmet Guru, a specialty foods distributor, first met with SCORE NYC counselor Elliot Merberg in December '07, his company was approaching its tenth year, was marginally profitable and seriously undercapitalized. Based on an initial analysis, Jeff, Elliot and Jeff's wife, Kim, the company's CEO, determined that the company lacked the working capital and management infrastructure essential to increasing its revenue. Together, they developed a detailed plan designed to increase working capital, upgrade their computer system and expand and modernize their warehousing facilities.
Over the last two years, implementing these changes has led to an increase in and restructuring of Gourmet Guru's management team, the implementation of upgraded information technology and their relocation to a new, state of the art "green" distribution center. Bottom line: the company's revenue for fiscal 2010 will exceed $23 million versus $8 million in 2007. Today, Jeff and Kim continue to tweak their operation, focusing on increasing revenues, higher net margins and greater productivity. Elliot Merberg continues his close association with the company as a member of its Board of Advisors.