Manufacturing Recognizable Niche Food Product

Not Disclosed, UT
Wasatch County

Asking Price: Annual Revenue:
$1,900,000 $1,207,147

Food & Beverage: Production - Bakery, Farms, Winery

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RE: Manufacturing Recognizable Niche Food Product Broker: 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

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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