This successful food ingredient and food product manufacturer is for sale for the first time in its long history. The company produces and sells certain dairy products under its own brand and for private label customers including chip dip, dressings, toppings, vitamin premixes, ice cream flavouring bases, sour cream and certain kosher products. Recipes for a number of other products are also available. The company holds certain valuable production licenses including the NSF Food Safety Certificate of Conformity and has regularly passed all Food Safety and Quality Systems Audits.
Customers include certain large retail chains, special stores and one distributor with annual sales revenue approaching $3 Million. Current headcount includes a President / GM who will be reducing his hours after transition, 4 other management staff and 8 production, QC and Accounting staff. This in an asset sale of all of the equipment used in the facility and the owner will rent the building to a buyer who wishes to continue to operate the business from its current location.
There original cost of all of the plant equipment and other items for sale exceeds $4.3Mllion and the useful life remaining is quite extensive in support of the listing price of $1.5Mllion.
The business operates out of a facility with total area of 17,270 square ft. Warehouse space is 9,370 of that and office space is 2,500 of that total. The owner may consider selling the building, but otherwise is willing to negotiate a reasonable market rate lease arrangement to remain in the current facility.
The assets of this business could be used to continue making the products for current customers or expansion into other markets with current or new products could be initiated.
There are few competitors with this line of specialized products that can also produce private label product requirements for customers.
The Owner is Retiring.
Will train for 4 weeks @ no cost The buyer should be familiar with food product manufacturing and distribution.