Manufacturing Recognizable Niche Food Product
Not Disclosed, UT Wasatch County
Seller's Contact Information
- RE: Manufacturing Recognizable Niche Food Product
- Contact: Eric Sorensen
Quick Facts
| Asking Price: | $1,900,000 | |
| Annual Revenue: | $1,207,147 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $288,277 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 217,338 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1990 | |
| Employees: | 8 | |
| BBN Listing #: | 8774955 | |
| Broker Reference #: | 7401-16870 |
Business Overview:
The Company uses quality ingredients to create delicious hand-made products. Many fine restaurants, chefs, gourmet and home cooks around the world use the product. The product can be found in more than 30 states at grocery stores including; Whole Foods, Harmons, Smiths, Associated Foods and many more.
The Company has won Best of State (Utah) for the past three years in a row under their respective category.
Revenue and profitability have been producing steadily since 2017 indicating the products continued success with consumers. Efforts to grow the business took a back seat when the owners husband suddenly got sick and had to keep the business running smoothly.
Although the owner is hoping to have a change of lifestyle, they would like to stay involved post-close to help a new buyer take the business to the next level. This continued involvement will significantly reduce risks associated with an acquisition and ensure a seamless transition.
The key factor that will push the Companies growth is a new hire made in February 2022. This new hire (owners current spouse), has been a food broker for over 50 years and recently retired from a prestigious food brokerage in California. A new buyer will have continued guidance of day-to-day operations from the current owner and 50 years’ experience in food brokering from the owners spouse. This is a very favorable combination that will lead to rapid growth in 2022 and many years to come!
The proposed transaction asks for a large upfront cash payment. However, because the owner and owners spouse would like to stay involved to help the company grow, an earn-out would be considered for the right buyer.
The company was founded in 1990 and was purchased by the current owner in 2014.
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Property Features and Assets:
Lease commercial space. Assets = $273,746.
Market Competition and Expansion:
Minimal competition. Fragmented Industry.
Reason for Selling:
Retirement/Change of lifestyle.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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