This food manufacturer creates the most sought-after blends of its product for all high-end hotel and restaurant groups only. They are a long time leading supplier and there are high barriers to entry in this industry. Their manufacturing process is streamlined using only the highest quality local products. The distributors manage delivery so there is little need for B2B interactions or sales/marketing to maintain current sales levels. As a result, the product is superior and there are few staff required to operate the business. Given their niche, incredible high quality, and exclusivity, the margins are higher than other similar businesses. The business is certified to operate in its current location with all the required tenant improvements completed for food manufacturing. The current owner enjoys the part-time work but is ready for retirement. The ideal buyer would be another small food manufacturer looking to expand their current offering and benefit from economies of scale or an individual buyer interested in working in the business and growing it. Several growth opportunities exist including increasing production capacity and/or adding product lines.
- Asking Price:
- $5,750,000 (CAD) Inventory / Stock included
- Sales Revenue:
- $2,300,000 (CAD)
- Cash Flow:
- $750,000 (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Rent:
- $21 (CAD) per sq ft per annum
- Location:
-
Lower Mainland Industrial
- Premises Details:
-
4400 square feet industrial with brand new tenant improvements
Business Operation
- Reasons for selling:
-
Retirement
- Employees:
- 2
- Years established:
- 2001
Other Information
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
VTB or earnout possible
- Inventory / Stock value:
- $550,000 (CAD) - included in the asking price