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Niche Food Manufacturing & Distribution Company
Location: United States -> California
Industry: Food and Beverage > Food Production and Packaging




Business Summary

An unprecedented opportunity to purchase a rapidly expanding company which was on the INC 5000
List in 2021, and is now available. With a considerable reputation for problem-solving, this innovative
food manufacturer, with a Nationwide client-base, specializes in pre-packaged food for the Health
Care industry.

The current roster of over 1200 clients, is set for a significant growth spurt in 2023. The Company
has forecasted 25% growth for next year. In addition to this increase, the Company is preparing to
launch a very promising new line of tasty food products, that is easy prepare, boasting minimal waste,
long shelf-life and delicious, nutritious content.

The owner currently has minimal involvement in day-to-day operations which are performed by a well
-trained staff. Production is undertaken by a third-party relationship, as is fulfilment.

With the purchase of the Business comes, the current inventory, worth approx. $1mm. Normally this
company maintains an inventory level closer to $300K-$400K. The increased inventory is on hand to
support the growth demand for 2023.

Additionally, in 2019, the company was awarded a $1mm tax credit by the State of California. Of
which, only $150K has been utilized. The remaining balance of $850K, will transfer to the purchaser
with the winning offer.

With a ten-year history of ground-breaking product development and a solid track record of sales, this
pioneering company is poised to take the next step into its very bright future.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $3,710,000
Cash Flow:   $919,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2020
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Reason For Selling:  retiring




Print Listing Id: 700382048
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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