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Successful 29 years in business specialty food manufacturer.. Priced at 2.0 times cash flow. Sales have grown 40% since 2015 all organic growth..
Owners retiring due to Age/ Health Issues. Business is debt free.
Company has 6 main product lines with nearly 30 different varieties of products within those lines.
Quiche, Pestos, Salsas, Enchiladas, Tamales and Creamy Dips.
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.
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. Could easily expand to connecting states.
Revenues $150,000; 60% gross margins, Adjusted average Owners Cashflow of $60,000.
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 non-compete.agreement.
Sales price includes inventory of $30K; , Equipment of $50K, Delivery Van $2K; Supplies $1K; Trade Name, state and national trademarks, Grandfathered UPC system,Web Site, Business records, Recipes, etc. and General Intangibles and Goodwill.. (No Real Estate but location has assumable lease on 2300 s.f. Location @ $1200 / month + electric. ($6.00 / 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. Utilities run approx $300/month..
Substantial opportunity to grow this business working it full time, and through social media, and new regional accounts., 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 25 hours per week.
This offering represents a Turn key takeover. 4 weeks supply of finished goods and a 3 month+ supply of raw materials at closing. 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..
$1200/ month includes all but electricity. 6 1/2 years left on lease.
Central Location in growing commercial neighborhood. .
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.
Substantial. New owners working full time could easily double sales. Plant by design is currently only at 30% of capacity.
No local competition in most lines.
Owners ages 60+ & health issues.
M-F 8 am to 1PM ; Owners only work the business part time.
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 50%.
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