Chocolate Coating Confectionary Company

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Asking Price:
$700,000

Gross Revenue:
$800,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$350,000
included in asking price

FF&E:
$400,000
included in asking price

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Business Description

30 year-old confectionary company with long history of successful fulfillment to national chain stores of chocolate robed cookies, pretzels, popcorn and marshmallows. New owner 4 years ago acquired this business out of bankruptcy. Modernized work-flow, upgraded equipment and warehousing, packing at newly owned with options to buy warehouse. 2018 proved difficult with internal leadership under-bidding too many jobs. Owner open to a strategic partner who can leverage the equipment, know-how, packaging, updated work space, and customer list to bring this back to its full capacity. Current setup can handle $5MM in annual business.

About the Business

Location:
Rock Island County, Illinois
Year Established:
1988
Number of Employees:
3FTE,10-50PTE
Real Estate:
Leased
Building Sq. Ft.:
21,000
Rent:
$0.25 Per Month
Facilities:
Leased warehouse, offices, retail showroom with option to buy for $650,000.
Website:
vimeo.com/306473122/0935ced100
Market Outlook/
Competition:
Superb location geographically for shipping, ample, affordable and available workforce.
Growth & Expansion:
Snacks and sweets industry insider will know exactly how to turn this around.
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About the Sale

Reason For Selling:
Distressed business needs partner
Training/Support:
Owner open to being minority shareholder. Owner operates millwright business full-time and has expertise in building, repairing and modifying confectionary manufacturing equipment.

Listing Info

ID:
1593881
Ad Detail Views:
0

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Business Listed by

Chris Barnard

Marigold Resources

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Sponsoring Broker:

Todd McGreevy
Marigold Resources

U.S. Census Data for Rock Island County, IL
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Rock Island County, IL
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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