Owner Financing is Available!
Business Overview:
During their ownership, the sellers of this producer of a myriad of deli food products saw 2011 revenues reach $1.0 million with a SDE exceeding $150,000. This beautifully niched business grew 20% in 2011 over 2010’s previous record revenue levels. The owners (one full, one part time) attribute 2011’s growth to some recently introduced new products that have been well received. The sellers expect 2012 sales to surpass 2011’s record levels.
The company employs 10 part time, year round employees with another 10 part time workers during the busy warmer weather months. The business operates from a newer 8300 sf facility which has three large (fork life accessible) built-in coolers. The company has a series of lease options at a favorable rent in the $3.50 per sf range. The business, which is listed for $795,000, comes with over 30 unique salad formulas, a loyal and reliable work force (the same seasonal employees return each year) and $200,000 (value in place) of specialized food processing equipment (which is kept in great shape). Total FF&E is estimated to be $300,000. Finally, by adding new products and enhancing the currently limited sales and marketing efforts, the business appears to have significant growth potential.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Located in a desirable West Michigan community, the business operates from an attractive, newer 8300 sf facility which has three large (fork life accessible) built-in coolers. The company has a series of lease options at a favorable rent in the $3.50 per sf range. Rent is less than 3.0% of sales for this single shift operation.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: