Bonita Springs-headquartered Innovative Food Holdings Inc., a national seller of gourmet specialty foods to professional chefs, closed on a transaction to sell its consumer e-commerce business, igourmet.com, for $700,000 in cash, plus the assumption of approximately $350,000 of gift card liabilities to an undisclosed buyer. The company’s Pennsylvania facility is not included in the transaction, company officials said. Innovative Food Holdings CEO Bill Bennett said the deal was part of an initiative to sell off assets that are not fit for the company’s scale. The cash for this sale will be used to invest in a new retailer business as the company ramps up working capital and installs automated machinery to cut, wrap and label its gourmet cheese, replacing its manual operation.