Manufacturer Of Deli Food Products In West Michigan For Sale

Business description

After more than a decade of success operating and growing this 35 year old food manufacturer, the owners are ready to sell their attractive business and wind down.

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 time, 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, seasonal workers added during the busy warmer weather months. 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.

In addition to the attractive SDE, name brand products and outstanding physical site, 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. And, for a qualified buyer, the sellers would consider a meaningful seller note. A training/transition period for the buyers would also be included as part of the purchase price.

Finally, by adding new products and enhancing the currently limited sales and marketing efforts, the business appears to have significant growth potential. To learn more about this excellent business opportunity, please contact Mike Greengard below.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Retirement

Employees:

10

Years established:

35

Other information

Financing available:

For a qualified buyer, the sellers would consider a meaningful seller note.

Furniture / Fixtures value:

$300,000 (included in the asking price)

Inventory / Stock value:

$30,000 (included in the asking price)