Listing ID: 66668
Set your sights on a growth trajectory or keep in small with boutique level production. This producer of single tone organic liqueurs is a most unique offering. With an established product line of over twenty-one hand crafted flavors, this distiller is perhaps the most respected producers of single tone organic liqueurs in the nation. The business is being sold with the vision of the next owner continuing the legacy the father and son team created together. Unfortunately, the son passed away unexpectedly, and it is time for the family to move away from this venture. With the foundation which has been established, the new owner can truly create a strategic path forward for the business. The existing staff is looking forward to the future and vision a new owner will bring. Please contact Charles Morningstar to discover how you can become an owner of a company which produces the best handcrafted organic liqueurs a connoisseur can find. If interested, please contact Charles Morningstar at cell 253-606-3788 and email firstname.lastname@example.org.
- Asking Price: $395,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $160,000
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Business is currently located in a light industrial park with ample parking and great accessibility. The facility occupies 6,670 square feet. This includes, office, tasting room, production, storage of finished product, and shipping area.
The seller is moving on, but willing to stay in the short-term to facilitate a smooth transition. The staff is all willing to remain. They are the ones who actually have an abundance of tribal knowledge.
A father/son team founded and operated the business together. The son was the br
There are not a lot of competitors in the organic liqueur vertical, which is why the seller, and his son launched the business in the first place. There are some cheap poor-quality products out there, but none can come close the quality and flavor of these products. This really is where the opportunity lies. The market is an open playbook. The only real downside is the tax challenges affiliated with alcoholic beverages in certain states.
There is ample opportunity for growth in the future of this company. The competition is so limited, and predominantly of poor quality, that the future is nothing but promising. Out of state sales should be the focus. In state sales can happen organically but sticking to states where alcohol tax laws are friendly, is a strong model for the future. Taxing authorities are really the biggest challenge.
The venture was founded in 2013, making the business 9 years old.
The sale shall not include inventory valued at $160,000*, which ins't included in the suggested price.
The company has 7 employees and is located in a building with disclosed square footage of N/A sq ft.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. Nevertheless, the real factor vs the one they tell you may be 2 completely different things. As an example, they may claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may just be reasons to attempt to hide the reality of changing demographics, increased competition, recent decrease in earnings, or an array of other reasons. This is why it is extremely important that you not depend entirely on a seller's word, however instead, make use of the seller's response along with your overall due diligence. This will repaint a much more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies take out loans so as to cover things like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that profit margins are too small. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that should be fulfilled or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in new clients? Most times, operating businesses have repeat consumers, which form the core of their everyday earnings. Specific elements such as brand-new competitors sprouting up around the area, road building, and also personnel turn over can affect repeat consumers and negatively impact future revenues. One important point to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business regularly, the better the opportunity to develop a returning consumer base. A last idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood typical family income effect future revenue prospects?