Profitable, Specialty Food Manufacturer with Catering And Retail Outlets
Price: N/A
Location: Texas
Industry: Food Manufacturing
Listing ID: 8082044
Listing Status: Under Contract
Rare, virtually turnkey, systemized and innovative business
This unique opportunity is a longstanding, vibrant, highly profitable specialty food manufacturer with gourmet shops and a high-volume catering business. Headquartered in the Southwest, the company enjoys a loyal, high-end following and an iconic, well known brand.
This business has received multiple accolades and awards on a national level and has been selected as the exclusive caterer for prestigious clients, including presidential and gubernatorial events.
The company performed very well during the pandemic crisis of 2020 and the 2008 Recession due to its various revenue channels compared to other companies in the industry.
Total Sales: $5,560,000
Cash Flow: $912,545
FFE: $1,405,000
FFE Included: Yes
Year Established: 1991
Employees: 42
Managers: 9
Facilities Information: Four production facilities and three retail facilities.
Reason For Sale: Seller believes that new ownership would greatly accelerate the expansion and growth of the business.
Training & Support: The owner is committed to a smooth transition for this business and would offer 2 weeks of assistance without additional compensation to the new owner. In addition, the owner is willing to assist further as needed with appropriate compensation.
Competition: While the company has competitors in each of its revenue channels, it does not know of another company as diverse and innovative in its space.
Potential Growth: The company’s growth strategy, which can be accelerated under new ownership, is to expand geographically, to extend its product lineup and to secure new business relationships.