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Advert Ref: nm335

Relocatable Manufacturer of Specialty Quality Cookie Line For Sale

Details: Asking price:$595,000; Sales revenue:$2,100,000; Net profit:$232,000; Fixtures value:$400,000; Inventory value:$20,000

Business description: This is a wonderful very specialized high quality bakery operation. They have a 21 year old reputation in the industry as dependable and tops in quality. The seller always made an excellent living, taking home several hundred thousand dollars every year until 2008 "hit the fan." A new landlord bought the building, and proceeded to almost double the rent. Flour went to the moon, and the seller lost one major customer over price increases. She has been slowly increasing the prices and this year should be a little better. She purchased, on a lease, automated equipment, and that expense has been a drag on the business, due to the lower sales volume. If a commercial bakery purchased this business, they would make a minimum of $230,000, by eliminating much of the overhead. (The business did not make money in 2008). If they grew the business, that profit would double to over $500,000. The seller would consider an on going relationship with the buyer. Another possibility would be an investor or working partner. The strategy would to relocate to a lower overhead, and provide money to drive the business. (Trade shows, sales reps, telemarketing, mailings). If you have the funds, and you feel this business may be just what you have been looking for, contact me, ASAP, Neil Meislin.

General information: Years established:1988; Employees: 45; Relocatable: This business can be relocated.; Location:Facilities: This business is currently being operated out of an 18,000 sq ft commercial bakery space. This is leased space, presently month to month.; Expansion potential:Due to the economy and a new landlord doubling the rent and other factors, the seller has found herself in a possition of lack of funding. This has created may missed opportunities. The right sales efforts could easily double this business.; Competition / Market:There are others in the business, but few can compare with this fine quality line of products.; Support & training:Full and continued support will be provided. The seller would consider a working relationship with the buyer.; Reasons for selling:Needs Capital for Growth