FOOD MANUFACTURING BUSINESS
| Asking Price: | $345,000 | Inventory: | $5,000 ++ |
| Gross Revenue: | $875,000 | Real Estate: | $650,000 ** |
| Cash Flow: | $130,000 | FF&E: | $240,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This is one of Maine’s largest wholesale specialty food manufacturers. It has an established track record of stability and growth based on its excellent product quality. It serves a steadily growing market niche. The business supplies an extensive variety of specialty products to a diversified wholesale customer base. Key staffers are in place to assist a new owner in the operation of this business. A prospective new owner can further expand this business through invigorated management and customer and new product development. For confidentiality reasons the type of products produced can only be disclosed after the broker receives the buyer’s agreement to confidentiality and registration as a potential buyer. The real estate is also available.
About the Business
Year Established:2003
Employees:8 full time - 4 part time
Facilities:The business occupies a 9,500 SF building well-suited for food manufacturing. Its central location facilitates obtaining and servicing accounts. The equipment is well maintained and the facility has room for expansion and increased production. The real estate is offered for sale as well as the business and is suitable for a 1031 exchange.
Market Outlook and Competition:The business’ diversified customer base includes a wide array of food businesses of all sizes, from small shops and restaurants to large food distributors. The business is one of the largest of its direct competitors in the area. The business has grown rapidly in recent years. It has a solid market niche and its location is ideal for continued growth. It is at the geographic center of its potential customer base. Industry studies indicate increasing demand for its type of products and there are ample opportunities for growth by increasing the company’s market share. This company would benefit from strategic sales and marketing efforts aimed at customer development.
About the Sale
Reason For Selling:Other business interests.
Seller Financing:Anticipated Seller TBD. Bank $520 on R.E. Working Capital Needed $20,000
KEYWORDS: Food, manufacturing, manufacturer, wholesale, distribution, 1031
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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