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| Manufacturer of Hispanic Food Product | |
| Industry Description |
Meat Manufacturing |
SIC |
2011-04 |
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| Days Open |
n/a |
Year Established |
1995 |
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| Hours of Operation |
Years Owned |
1995 |
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| Full-time Employees |
10 + Owners |
Part-time |
0 |
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| Other Notes |
The business employs the owner's wife and two sons |
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| Hours/wk by Owner |
40 |
Owners Duties |
Management |
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| Skills / Licenses ReqÕd |
USDA Facility (Company has) |
Training Offered |
As necessary |
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| Non-Compete Terms |
As necessary |
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| Exec. Summary |
This business serves Hispanic markets from Santa Barbara to San Diego |
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| Lease / Bldg. Info. |
Free Standing Bldg |
Monthly Rent |
TBD |
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| Lease Commenced |
TBD |
Deposit |
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| Lease Expires |
TBD |
Term & Option |
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| Bldg./Area Description |
Industrial |
Square Footage |
Approx. 2,000 |
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| Seats, Pkg, Zoning, etc. |
Plenty of Parking, as this facility has its own lot |
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| Reason for Sale |
Retirement |
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| Financial Summary |
Current Yr. Annual |
2003 / Owner to Prove |
2002 / Owner to Prove |
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| Gross Revenue |
$1,169,000 |
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| COGS |
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| Rent / CAM |
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| Payroll |
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| Net Profit (before tax) |
$36,000 |
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| Discretionary Cash |
$84,000 (Working Owner) |
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| Expense Breakdown |
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| Included in Sale |
Assets |
Liabilities |
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| FF&E Included |
> $150,000 |
Lease Obligations |
$0 |
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| Inventory Included |
TBD |
Debt Included |
$0 |
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| Other Assets Included |
Other Liabilities |
$0 |
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| Working Capital (not incl) |
Return on Sale Price |
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| Asking Price |
$500,000 |
Owner Financing/Terms |
Not Offered |
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| Earnest Money Dep. |
$10,000 |
Down Payment |
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Opportunity Summary |
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Headline |
Manufacturer of Hispanic Food Product |
| Summary |
This firm generates $1.2 million in revenue manufacturing two Mexican meat products to distributors and Hispanic retail outlets from Santa Barbara to San Diego. The firm, established in 1995, is USDA approved, and the product has the potential to be distributed throughout the Unites States and beyond. |
| Facilities / Assets |
Approximately $150,000 in hard assets are included in the sale, including the walk-in refrigerators and freezers, food racks, preparation tables, equipment, etc. Intangible assets include the firmÕs coveted recipes, butchering and preparation techniques, and well established reputation. |
| Competition |
There are only 2 direct competitors in the Southern California market. This firm is reportedly the only one with a USDA approved facility centrally located in Los Angeles. This firm is considered to be the industry leader. |
| Growth Potential |
There is a great deal of growth potential as this company has the ability and product quality to produce higher volumes for greater market penetration, or increased geographic coverage. |
| Other |
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