|
|
| Gourment Fudge Manufacturer | |
| Industry Description |
Confectionary Manuf. |
SIC |
2066 |
| Days Open |
Varies |
Year Established |
1970 |
| Hours of Operation |
Varies |
Years Owned |
1970 |
| Full-time Employees |
1 Part time owner |
Part-time Employees |
1 |
| Other Notes |
Operating at minimum capacity level; May scale |
||
| Hours/wk by Owner |
Varies |
Owners Duties |
All Sales / Production |
| Skills / Licenses Reqd |
Training Offered / Cost |
3 Weeks |
|
| Non-Compete Terms |
3 Yrs. / 300 Miles |
||
| Exec. Summary |
Produces high-end fudge to elite clientele; Corporate clients include / have included |
||
| Neiman Marcus, Trader Joes, Costco, Bullocks; Private accounts - Dick Van Dyke; Merv Griffin, King World, etc. Firm was up to $340,000 in Revenues, $100,000 Income in 1997 when actively promoting. |
|||
| Lease / Bldg. Info. |
2,600 s |
Monthly Rent |
Currently $1,100 |
| Lease Commenced |
n/a |
Deposit |
TBD |
| Lease Expires |
TBD; Mo. to Mo. |
Term & Option |
TBD |
| Bldg./Area Description |
Retail Mall |
Square Footage |
2,600 sq. ft. |
| Seats, Pkg, Zoning, etc. |
|||
| Reason for Sale |
Retirement |
||
| Financial Summary |
Current Yr. Annual |
2003 / Owner to Prove |
2002 / Owner to Prove |
| Gross Revenue |
36,871 |
39,596 |
|
| COGS |
17,253 |
22,464 |
|
| Rent / CAM |
17,750 |
13,200 |
|
| Payroll |
|||
| Net Profit (before tax) |
(23,333) |
(37,481) |
|
| Discretionary Cash |
Break even |
Break even |
|
| Expense Breakdown |
At present, the owners have operated to breakeven. However, 1997 sales approached $330k, with $100k sellers discretionary cash flow |
||
| Included in Sale |
Assets |
Liabilities |
|
| FF&E Included |
$116,331 |
Lease Obligations |
$0 |
| Inventory Included |
$14,000 |
Debt Included |
$0 |
| Other Assets Included |
Recipes, Awards, etc. |
Other Liabilities |
$0 |
| Working Capital (not incl) |
Return on Sale Price |
n/a |
|
| Asking Price |
$150,000 OBO |
Owner Financing/Terms |
Over $60k; 5 yrs. @ 7% |
| Earnest Money Dep. |
$15,000 |
Down Payment |
$60,000 |
| Opportunity Summary |
|
|
Headline |
Gourmet Fudge Manufacturing Firm with Elite Clientele |
| Summary |
This gourmet fudge company has been pleasing the pallets of the whos who of clients since 1970. Historical and current commercial clients include Neiman Marcus, Trader Joes, Costco, Bullocks; while private accounts include Dick Van Dyke; Merv Griffin, King World Entertainment, etc. When actively marketing its product up until 1997, this company did $340,000 in sales and $100,000 in income. |
| Facilities / Assets |
The company operates out of a 2,600 square foot production facility with monthly rent of only $1,100. $130,000 in assets are included in the sale including 2 Savage Mixers, an Enrover chocolate coating machine, 7 3 Door refrigerators, 3 reach in refrigeration units, stainless steel preparation tables, marketing material, gift boxes, and $14,000 in inventory. |
| Competition |
Low to Medium |
| Growth Potential |
While this company has been operating at a base level of operations for the past 5 years, this operation has the facilities, equipment and resources to be scaled overnight. With an aggressive sales campaign geared toward commercial accounts, hotels, gift stores, restaurants, confectionary stores, and the public, this firm could easily beat its 1997 $340,000 sales record. |
| Other |
Owners are willing to negotiate terms of the sale. |