Candy Manufacturing

| Asking Price: | $284,000 | Inventory: | $15,000 ** |
| Gross Revenue: | $492,228 (comments below) | Real Estate: | n/a |
| Cash Flow: | Not Disclosed (comments below) | FF&E: | $150,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: recently got several national accounts | |||
| Cash Flow Comments: about break even, but growing | |||
Candy Manufacturer Established Since 1939. Products Are Manufactured In Its 13,000 Square Foot Factory Include Creams, Truffles, And Chocolate Coated Anything On Its Automated Production Lines As Well As Hand-Made Specialty Items Such As Easter Bunnies, Turtles, And Various Seasonal Items. The Company Has Several Well-Established Brand Names Including One That Would Lend Itself To Becoming A National Brand As It Easily Would Be Recognized And Remembered.
Present Owners Purchased The Business In May, 2008 As A Turnaround. As Of September, 2009, The New Owners Have Been Successful In Developing Several New Accounts With Major Supermarket And Drugstore Chains, Wholesale Distributors And Costco. As Of September 9 The Shippable Backlog Is Over 300,000 With Much Higher Booking Numbers Anticipated In The Coming Months As The New National Accounts Increase Their Periodic Orders.
One Owner Is A 30-Year Veteran Of The Food Manufacturing Business, Having Been Western Region Sales Manager For One Of The Largest Candy Manufacturers In The World For 9 Years, Owner Of A Food Manufacturing Business For 12 Years And Sales Manager For Another Food Manufacturer For Many Years. He Is Interested In Continuing As Sales Manager On A Straight Commission Plus Expenses For A New Owner. He Expects A Signing Bonus To Be Negotiated. His Continued Employment Would Greatly Enhance The Buyer's Ability To Continue Growing With Existing Customers And To Develop New Accounts With National Supermarket, Drugstore, Retail And Wholesale Customers.
The Sellers Will Provide Complete Training And Will Stay For A Transition Period. The Buyer Is Expected To Assume Equipment Leases In The Amount Of Approximately 62,000 Paid 2,710 Per Month For 24 Months And Pay The Broker's Commission In Addtion To The 284,000 Payment To The Seller.
For More Info Call: (Please Mention You Saw This Ad On BizQuest):
Shirley Lampkin, Agent at 408-385-0399 or 408-594-2368
Present Owners Purchased The Business In May, 2008 As A Turnaround. As Of September, 2009, The New Owners Have Been Successful In Developing Several New Accounts With Major Supermarket And Drugstore Chains, Wholesale Distributors And Costco. As Of September 9 The Shippable Backlog Is Over 300,000 With Much Higher Booking Numbers Anticipated In The Coming Months As The New National Accounts Increase Their Periodic Orders.
One Owner Is A 30-Year Veteran Of The Food Manufacturing Business, Having Been Western Region Sales Manager For One Of The Largest Candy Manufacturers In The World For 9 Years, Owner Of A Food Manufacturing Business For 12 Years And Sales Manager For Another Food Manufacturer For Many Years. He Is Interested In Continuing As Sales Manager On A Straight Commission Plus Expenses For A New Owner. He Expects A Signing Bonus To Be Negotiated. His Continued Employment Would Greatly Enhance The Buyer's Ability To Continue Growing With Existing Customers And To Develop New Accounts With National Supermarket, Drugstore, Retail And Wholesale Customers.
The Sellers Will Provide Complete Training And Will Stay For A Transition Period. The Buyer Is Expected To Assume Equipment Leases In The Amount Of Approximately 62,000 Paid 2,710 Per Month For 24 Months And Pay The Broker's Commission In Addtion To The 284,000 Payment To The Seller.
For More Info Call: (Please Mention You Saw This Ad On BizQuest):
Shirley Lampkin, Agent at 408-385-0399 or 408-594-2368
About the Business
Year Established:1939
Employees:3 full time - 14 part time
Facilities:13,000 square foot industrial building, month-to-month, new lease available @ $6,000 per month gross or you can move to new location.
Market Outlook and Competition:Growing international market - overall industry sales are up due to recession - people go for comfort food when stressed!
About the Sale
Management Training and Support:Owner #1 wants employment as commission only sales person plus signing bonus; #2 operations manager will stay 30 days for transition.
Reason For Selling:age and health
Seller Financing:Assume equipment lease $2,710 per month 24 months as of September, 2009. $1 buyout at the end of the term.
KEYWORDS: chocolate candy caramel manufacturing national accounts professional sales
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