Specialty Food Manufacturer And Distributor For Sale

Business description

The company manufactures and distributes specialty food products for two separate franchise chains and still has plenty of capacity to do more. Turn-key operation. Production staff handles everything. No food experience necessary. More important that new owner has experience in sales and marketing. The right new owner could substantially increase sales in short order.

The company holds the franchise for its primary business with a territory that includes the entire states of Michigan and Ohio. Orders are 100% internet & telephone – no outside sales. This is a cash business with healthy gross profit margin, no accounts receivable, low overhead and low inventory. Most customers are on automatic recurring weekly or monthly programs. Take over the franchise or take the company private. Some strategic marketing and advertising can quickly increase sales substantially.

Secondary business is making specialty food products for new fast food chain. Only two restaurants open right now, but more scheduled to open soon. Opportunity to open your own restaurants for this chain if you want. Substantial long term upside to this aspect of the business as well.

Company has plenty of capacity to take on additional custom manufacturing, co-packing and/or distribution business.

Property information

Real Estate:

Lease

Premises details:

Beautiful 12,000 sq ft, fully equipped commercial kitchen, warehouse & office facility only 5 yrs old. Rent: $5,000/month negotiable. 50% property tax abatement for 5 more years. Five Delivery vans all only 2 yrs old.

Other information

Expansion potential:

Current owners are strapped for cash and very little advertising is being done. Business needs new owner or investor with marketing & sales experience and resources to grow the company. Business already has terrific repeat customer retention. More people just need to know the business exists.

Support & training:

Production staff will stay. Owners will also stay or train new owners. Franchise transfer fee $2500.

Reasons for selling:

Current owners would like to go their separate ways.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Combination of cash, debt assumption and some owner financing possible.

Furniture / Fixtures value:

$500,000 (included in the asking price)

Inventory / Stock value:

$25,000 (included in the asking price)