GOURMET FOOD PRODUCER

Northwest Vermont 

Price: $140,000 plus Inventory   EBITDO: $50,000

THE BUSINESS: This business specializes in the production and distribution of gourmet foods that are sold through mail order catalogs, country stores, resorts, restaurants, gift stores, kitchen shops and other retail outlets as well as direct to the consumer.

WHY BUY?

• Excellent Reputation
• Growing Customer Base
• Fun Business
• Proven Product Lines
• Large Asset Value
• Simple Business to Learn
• Established Distributors

FACILITIES & EQUIPMENT : The business operates from a 6,500 square foot space consisting of a kitchen, packing room, offices and a warehouse. The equipment consists of high-end production equipment, packing equipment, office machinery and other related assets.

EMPLOYEES: The business currently operates with a working couple and one production employee, all working four days per week.

COMPETITION: While there are numerous small and large competitors in the gourmet food market, the secret to any success is accepted products marketed to a wide customer base.

CUSTOMERS: The store has developed a customer list of approximately 250 and growing. The products are sold through direct marketing efforts, distributors, sales representatives and other guerilla marketing efforts of the owners.

FINANCIAL: The business has built sales to the $200k level in just three years. Gross profit margins are representative of the industry. The owners have been able to control overhead expenses and this has allowed them to establish a solid foundation on which a new owner can expand the business. Business is a C corp with a FY ending on June 30. Recent sales hve been in the $ 190,000-$200,000 range, with FY ending in 2008 forecast for $ 225,000. Gross profit has been consistently in the 40% + area, with 41% projected for the current year. EBITDO (Earnings before interest taxes, depreciation & owner draw) for the current year is anticipated to be $ 50,000.

SUMMARY PRICE AND TERMS: This niche gourmet food producer represents a great opportunity for a new owner to continue to build on an already successful business. It has a loyal customer base that continues to grow. Its products are widely accepted. The products appeal to consumers seeking all natural foods that have an old-fashioned farm produced aura. A significant portion of the purchase price consists of tangible assets. This gourmet food business is priced at $140,000 plus inventory.

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