DESCRIPTION: This is one of Maine's largest wholesale specialty food manufacturers. It has an established track record of stability and growth based on its excellent product quality. It serves a steadily growing market niche. The business supplies an extensive variety of specialty products to a diversified wholesale customer base. Key staffers are in place to assist a new owner in the operation of this business. A prospective new owner can further expand this business through invigorated management and customer and new product development. For confidentiality reasons the type of products produced can only be disclosed after the broker receives the buyer's agreement to confidentiality and registration as a potential buyer. The real estate is also available.
MARKET: The business' diversified customer base includes a wide array of food businesses of all sizes, from small shops and restaurants to large food distributors. The business is one of the largest of its direct competitors in the area. The business has grown rapidly in recent years. It has a solid market niche and its location is ideal for continued growth. It is at the geographic center of its potential customer base. Industry studies indicate increasing demand for its type of products and there are ample opportunities for growth by increasing the company's market share. This company would benefit from strategic sales and marketing efforts aimed at customer development.
FACILITIES: The business occupies a 9,500 SF building well-suited for food manufacturing. Its central location facilitates obtaining and servicing accounts. The equipment is well maintained and the facility has room for expansion and increased production. The real estate is offered for sale as well as the business and is suitable for a 1031 exchange.
PRICE OF BUSINESS: $345,000
PRICE OF REAL ESTATE: $650,000
WORKING CAPITAL NEEDED: $20,000
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Business is over a hundred years old. Stellar reputation for quality products and customer service. Long standing and loyal customer base. Grosses about $1.8 mil. with a cash flow in excess of $300k. Gross margin of almost 45%. 2015 was an excellent growth year and 2016 looks very promising. Fully equipped facility. Can stay in it's current location...
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