Seller's Contact Information
- RE: Indiana's Best Authentic Polish Food Producer
- Contact: David Sajn
Quick Facts
Asking Price: | $250,000 | |
Annual Revenue: | Not Disclosed | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | 95,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 721341635 | |
Broker Reference #: | 3953-32102 |
Business Overview:
• Recipe’s for almost a dozen different types of pierogi, stuffed cabbage, various sausages, cannoli and other Polish and eastern European dishes
• Well established name in quality Polish food throughout Northern Indiana and the Chicago suburbs
• Current agreements with 8 highly attended summer festivals in Northwest, IN
• Roughly 80% of all sales currently come from summer festivals
• Relationships and invitations to attend 16 other summer and fall festivals in Northern Indiana, Chicagoland area and Southeast Wisconsin
• Currently located in a small production facility, great opportunity to move to a slightly larger facility with walk up store front capabilities
• Annual write ups in the Times of Northwest Indiana about the business and their ethnic food offerings
• Extremely scalable business with little cash required because gross margins are averaging 80% over the last 4 years.
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Market Competition and Expansion:
The Business is positioned in an excellent market for substantial growth. Currently, 80% of revenue is generated from summer festivals around Northern Indiana. After 7 years of consistent growth, the owners began scaling back to fit their lifestyle and their needs. Previously they attended over 20 summer and fall festivals but now choose to participate in only 8 festivals. The production capacity of the business is roughly 25%, utilizing their current equipment. They have existing relationships with various farms and food markets to sell their pierogi, but there has been little to no effort made to reach out to local restaurants, grocery chains, brew pubs or other establishments to increase the sales of their product. Given the Gross Margin has averaged over 80% for the last 4 years, little to no cash will be needed to scale this business. A new owner/operator taking over production has the potential to continue to expand the festival base but also to establish relationships with other retailers and wholesalers that might be willing to distribute and sell their product.
Reason for Selling:
Retiring
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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