The Company is a gourmet chocolatier that produces a variety of bulk and individually wrapped chocolates and seasonal confections. In addition to producing gourmet chocolates, the Company offers consulting services focused on product development, packaging, and equipment design.
Key Aspects
· The leading customer channel was wholesale & private label, which generated $1.4 million in revenue across approximately 190 customers in 2023
· The Company continues to build and throttle strong direct to consumer relationships
· The Company generated year-over-year revenue growth of 25.1% from year-to-date June 30, 2023 to year-to-date June 30, 2024
· The Company generated average adjusted EBITDA margin of 15.7% from 2021 through 2023
Opportunities
· Grow market share by expanding sales and marketing efforts nationwide
· Expand product line to include infused confections
· Expand the retail distribution channel through licensing and franchising opportunities
· Increase sales by expanding online promotional efforts
· Grow sales by utilizing the Company's third party goods manufacturing practices (GMP) certification
· Expand the sales and customer base by obtaining the Safe Quality Food (SQF) certification
Headquartered
· Ohio, United States
Current Markets
· The Company primarily serves wholesale, private label, private label development, retail, and direct-to-consumer sales in the United States.
Real Estate
· The Company operates two facilities located in Ohio and are owned by an affiliated entity. The primary facility is 20,500 sq. ft. and serves as a retail factory outlet shop, packing facility, and warehouse. The secondary facility is 9,800 sq. ft. on seven acres and serves as a warehouse with potentially strong retail presence opportunities. Both facilities are available to be included as part of the transaction.
Shareholder Objectives
· The Company is fully owned by its founder & President, who is seeking to sell the Company. The owner is open to a variety of deal structures and intends to continue in his current role following the sale.
