Listing ID: 83032
REDUCED FOR QUICK SALE: Sunbelt Business Brokers of Northeast Louisiana presents this turn key food processor business that you can take to the next level! Business has all the operations in place, it just needs a more aggressive sales strategy, and a management team to take it there. There are currently no sales people employed by the company. This business has all the equipment needed to process and package relish, chow-chow, pickles, and jelly as well as being able to expand the offering. This wholesale business is currently serving the wholesale grocery business with the in-house brand, as well as contract packaging for suppliers under their own label.
There is an extendable state grant which is transferrable and one of the buildings and property is on a grant from the local municipality that will transfer ownership when contract conditions are met.
This business is being offered due to the death of two of the three partners, and the third is looking to retire. Owner is seriously motivated to sell and will seriously consider and respond to all reasonable offers promptly. Contact us today for more information on this food processor business for sale! Ray Jennings listing agent is sponsored through Sunbelt Business Brokers of Northeast Louisiana. Sponsoring broker Brandon Bourgeois 225-201-0202. Please call Ray for more information at 318-435-8770.
- Asking Price: $330,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $535,000
- Inventory: $60,000
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
2 buildings, total sqft approximately 16,000 (Home Based)
Health issues and retirement
This Business Is Home Based
The venture was founded in 2015, making the business 7 years old.
The deal shall include inventory valued at $60,000, which is included in the requested price.
The business has 3FT 9Pt employees and resides in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell businesses. Nevertheless, the true reason vs the one they tell you may be 2 completely different things. For instance, they may say "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competitors, current decrease in earnings, or an array of various other reasons. This is why it is very crucial that you not depend entirely on a vendor's word, however rather, use the vendor's answer combined with your general due diligence. This will repaint a more realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous businesses borrow money so as to cover points such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that earnings margins are too thin. Lots of organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that have to be met or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in new clients? Most times, operating businesses have repeat customers, which form the core of their everyday earnings. Certain factors such as new competition growing up around the location, road building, and also staff turnover can influence repeat customers and negatively influence future earnings. One crucial point to consider is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business often, the greater the opportunity to build a returning client base. A final thought is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the regional typical house income impact future earnings potential?