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Storied Manufacture of Seasonings, Spices, & Ethnic Food Products

Cleveland, OH
High Quality Seasoning

Seller Financing Available

High Quality Seasoning
Asking Price:$250,000
Inventory:$48,987
EBITDA:$94,648
Established Year:2000
Gross Revenue:$291,308
Rent:$875/Month
FF&E:$177,035
Listing ID: 2303577Listing provided by BizBuySell
BUSINESS DESCRIPTION

Gain access to valuable shelf space in the top grocers in the Midwest.

Business Overview:
Founded over two decades ago, the Company manufactures and distributes high quality seasonings, spices, and related food products through a robust distribution channel that includes major grocers such as; Wal-Mart, Dave’s Supermarket, Heinen’s Grocery Store, and Kroger.

Transaction Brief:
An acquirer seeking entrance into quality retailers will find this acquisition opportunity very interesting as a way to cross promote their existing products via the Company’s strong distribution network. This plausible acquirer may be manufacture of similar food products, a restaurateur who would be interested in entering into the manufacturing and distribution of consumer packaged goods, or a financial buyer looking for a lifestyle business with ease of management and oversight.

ATTACHED DOCUMENTS
(GMD) Blind Opportunity Summary- MA349.pdf.pdf Download
DETAILED INFORMATION
Location
Cleveland, OH
Inventory
Included in asking price
Real Estate
Leased
Building SF
15,000
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The company operates from its manufacturing and warehousing facility at immediately near a central business district in a large metropolitan area . The lease of which, is month-to-month, thus flexible. Standard equipment such as forklifts, staging racks, etc.. are all included in the transaction.
Competition
The market for seasoning manufacturers and distributors is vast and market adoption is largely regional. Below are examples of large corporate competitors for grounding the market the company competes with. == o) Old Bay Seasoning o) Lowery's Seasoning o) Open Pit BBQ Sauce
Growth & Expansion
Growth strategies we believe have viability include: o) E-Commerce focus: The company currently has strong SEO on Google and Amazon, however, a differentiated focus on smaller and niche platforms could provide greater margin. o) Restaurateurs: There are nearly 1 million restaurants with a ethnic food focus in the US. Marketing the seasoning and spice products to these businesses creates leverage in the distribution channel.
Financing
$50K down payment and $200K financed over 5 years.
Support & Training
The current owner will provide 60 days (12 hours per week) of transition support and training to the new owner at no additional cost to the buyer. Any additional time must be secured through a negotiated consulting agreement.
Reason for Selling
Retirement
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Clarence S. Day III
Phone Number
Clarence S. Day III
Call Phone