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Successful 29 years in business specialty food manufacturer.. Priced at 3 times cash flow. Sales have grown 29% since 2015 with net returns up over 300%.
Owners retiring due to Age/ Health Issues.
Company has 7 main product lines with nearly 30 different varieties of products within those lines.
Quiche, Pestos, Salsas, Enchiladas, Tamales, Creamy Dips and Specialty Spices.
NOTE: Owners only work the business on a part time basis. Substantial growth opportunity for right owner working business full time and utilizing social media sites & marketing.
For Sale by retiring Owner: Located in beautiful Bozeman Montana a town of 90,000 Town is part of a 120,000 SMSA fast growth population area, and Montana State University with 17,000 enrollment.No local competition, except in salsa line.
Sales territory is state of Montana. Nationally for spices lines.
Revenues average approx. $140K; 60% gross margins, Adjusted average cashflow of $40K. +-Substantial repeat business from loyal, growing customer base. There are two - 1/2 full time employees (the 2 owners) and one 10 hour per week occasional contract labor worker. Owner will negotiate a training contract with new Buyers if requested, and give new Owners a 10-year non-compete.agreement.
Sales price includes inventory of $25K; , Equipment of $45K, Delivery Van $2K; Supplies $1K; Trade Name, state and national trademarks, Web Site, Business records, Recipes, etc. and General Intangibles and Goodwill $33K . (No Real Estate but location has assumable lease on 2300 s.f. Location @ $1100 / month + electric. ($5.70 / SF.) (440 sf production - commercial inspected kitchen area; 168 sf office/bath area; and 1700 sf heated dry storage area). building has 15 ft high ceilings). Landlord provides radiant floor heat, and covers taxes & insurance. Electric bill runs approx $300/mo.which is mostly the compressors on the walk ins.
Substantial opportunity to grow this business through social media, and new regional accounts., catering and weddings business. Current owners have not utilized social media marketing. Additional revenue can be generated with renting out the commercial kitchen area on evenings and weekends at $50-$75/hour, (Local rates) since Owners only use this area about 30 hours per week. Previous owners had Costco & Albertsons regional accounts and did over $250K annually. This opportunity could be rekindled. Production could be easily ramped up with a 40 work w, or a 2nd work shift with additional occasional contract labor workers.
This offering represents a Turn key takeover. 4 weeks of finished goods and a 3 month+ supply of raw materials at closing - paid for. Customers pay at 7- 10 days on average so business cash flows in month 1.
Sellers will provide 2 weeks free training and negotiate longer training contract if needed. Sellers will also be available for summer vacation fill in if needed.
Further information available upon request, please contact seller below for more details.
$1100/ month includes all but electricity.
None / Although 2nd floor loft could be used as living space.
Central Location in growing commercial neighborhood. 6 miles from city center.
2300 +- S.F. warehouse / commercial kitchen space. 29 ft by 59.5 ft.
1726 s.f. main level and 580 s.f 2nd level. 15 foot ceilings.
Zoned light industrial/manufacturing.
Can add revenue streams in catering, weddings, kitchen rental and grow substantially with social media push. Expanding clients regionally. Previous owner had 2 large grocery chains business and did over $250k in the past ;approx. 10 years ago.Commercial inspected kitchen (i.e.production area) could be rented out w/ local commercial kitchen rental rates at $50-$75 per hour.
No local competition in most lines.
Owners ages 60+ & health issues. We originally bought the business with the intention of having children take it over which has not materialized.
M-F 8 am to 1PM ; Saturday Farmers Markets 9-12 11 weeks in summer.
Owner will negotiate training contract for up to 3 months.Also One of the owners is a retired Banker and can help new Buyer with arranging financing. In addition Owners are willing to cover new Buyers help needs for vacation's, busy summer season, farmers markets etc. on an Occasional Contract labor basis.
Owner will consider up to 7 years secured financing with qualified purchasers and substantial down payment of at least $45,000, Rate fixed at 6%.
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