Wholesale Speciality Food Manufacturer with Retail Component

Undisclosed Address, Cliff Island, ME 04019
Business Opportunity for Sale
Sale Pending/Contingent
Catylist Listing ID: 30810158
Property Subtypes: Food and Beverage
Status: Pending/Contingent
Building Size (RSF): See Agent
Sale Price: $1,250,000
Gross Revenue: $2,600,000 (Annual)
Cash Flow: $536,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Sale Terms: Business price is $1,250,000 plus inventory. Includes all FF&E and excludes cash on hand, receivables and payables.
Last Updated: 8/7/2022

Overview / Comments

Unique opportunity to purchase a long-standing and highly successful branded specialty food manufacturer.  The business has been providing all natural products to small and large retailers in Maine and New Hampshire for over 25 years. The Seller has no inside or outside salesforce or distributors nor has spent much on marketing. The products are outstanding with many current customers staying with them well over 20 years.  This business is poised for the right buyer to take it National and introduce it to major retailers as a private label and/or branded product.

Exact location, name and financials disclosed with a signed NDA.

Additional Details

Industry Segment: Food Production and Packaging
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $210,000
Value of Real Estate Included ($): $0
Real Estate Lease Description: The business has two manufacturing facilities along with a retail component. One of the properties is for sale and the other for lease.  Both have plenty of onsite paved parking and are close to major highways. The one for sale has an asking price of $450,000.
Employee/Labor Description: Experienced Management and staff in place.
Mgmt/Training Support Description: Seller is willing to assist in support and training.
Competition/Market Description: There are a lots of competitors in this space but not many with such high quality levels and use all natural ingredients.
Growth/Expansion Opportunities: Company has strong customer relationships and significant repeat business. Many opportunities for growth detailed on the confidential package.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 341 1,866
Median Age: 57.23 52.87
Households: 171 859
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