Businesses For Sale > Business For Sale in Wasatch County, Utah (UT)
Food Manufacturing with Nationwide Presence for sale in Wasatch County, UT
Wasatch County, Utah (UT)
Asking Price: |
Gross: |
Cash Flow: |
$ 1,200,000 |
$ 1,393,946 |
$ 294,672 |
Furniture and Fixtures Value:
$ 222,817 (included in the asking price)
Inventory Value:
$ 35,584 (included in the asking price)
Real Estate:
(not included in the asking price)
Business Summary:
The Company uses quality ingredients to create delicious hand-made products. Many fine restaurants, chefs, gourmet and home cooks around the world use the product. The product can be found in more than 30 states at grocery stores including; Whole Foods, Harmons, Smiths, Associated Foods and many more.The Company has won Best of State (Utah) for the past three years in a row under their respective category.Revenue and profitability have been producing steadily since 2017 indicating the products continued success with consumers. Efforts to grow the business took a back seat when the owners husband suddenly got sick and had to keep the business running smoothly.Although the owner is hoping to have a change of lifestyle, they would like to stay involved post-close to help a new buyer take the business to the next level. This continued involvement will significantly reduce risks associated with an acquisition and ensure a seamless transition.The key factor that will push the Companies growth is a new hire made in February 2022. This new hire (owners current spouse), has been a food broker for over 50 years and recently retired from a prestigious food brokerage in California. A new buyer will have continued guidance of day-to-day operations from the current owner and 50+ years’ experience in food brokering from the owners spouse. This is a very favorable combination that will lead to rapid growth in 2022 and many years to come!The proposed transaction asks for a large upfront cash payment. However, because the owner and owners spouse would like to stay involved to help the company grow, an earn-out would be considered for the right buyer.The company was founded in 1990 and was purchased by the current owner in 2014.
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Year
Business was Established: 1990 |
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Number of Employees:
7 FT/1 PT |
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Facilities / Terms of Lease:
Lease commercial space. |
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Competition:
Minimal competition. Fragmented Industry. |
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Owner
willing to train:
Will train for 6 weeks @ $0 cost. |
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Reason for selling:
Retirement/Change of lifestyle. |
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Seller Reference Number: 7401-16870
BusinessMart.com Listing Number: 301786 |
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To request more information
on this business
please fill out the form shown right
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For
more info contact:
Evelyn Correa
Murphy Business & Financial Services
727-725-7090
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