Business For Sale

Ontario Food Ingredient Manufacturer & Distributor

Not Disclosed, Ontario


Asking Price: Annual Revenue:
$1,500,000 $2,722,902

Manufacturing: Non-classifiable


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RE: Ontario Food Ingredient Manufacturer & Distributor Broker: Gordon Schofiled

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $2,722,902
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1949
Employees: 13
BBN Listing #: 86904955
Broker Reference #: 9105-14288

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Business Overview:

This successful food ingredient and food product manufacturer is for sale for the first time in its long history. The company produces and sells certain dairy products under its own brand and for private label customers including chip dip, dressings, toppings, vitamin premixes, ice cream flavouring bases, sour cream and certain kosher products. Recipes for a number of other products are also available. The company holds certain valuable production licenses including the NSF Food Safety Certificate of Conformity and has regularly passed all Food Safety and Quality Systems Audits.

Customers include certain large retail chains, special stores and one distributor with annual sales revenue approaching $3 Million. Current headcount includes a President / GM who will be reducing his hours after transition, 4 other management staff and 8 production, QC and Accounting staff. This in an asset sale of all of the equipment used in the facility and the owner will rent the building to a buyer who wishes to continue to operate the business from its current location.

There original cost of all of the plant equipment and other items for sale exceeds $4.3Mllion and the useful life remaining is quite extensive in support of the listing price of $1.5Mllion.

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Property Features and Assets:

The business operates out of a facility with total area of 17,270 square feet. Warehouse space is 9,370 of that and office space is 2,500 of that total. The owner may consider selling the building, but otherwise is willing to negotiate a reasonable market rate lease arrangement to remain in the current facility. Assets= $522,741

Market Competition and Expansion:

There are few competitors with this line of specialized products that can also produce private label product requirements for customers. The assets of this business could be used to continue making the products for current customers or expansion into other markets with current or new products could be initiated.

Reason for Selling:

The Owner is Retiring.

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.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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