Mfg. - Food and Kindred Products | Mfg. - Miscellaneous Manufacturing

Asking Price	$2,500,000	Inventory	$250,000*
Gross Income	$5,384,698	Real Estate	$400,000*
Cash Flow	$554,000	Year Established	1969
FF&E	$500,000*	Employees	25

* included in the asking price

** not included in the asking price

This meat processing and packaging company has been established for over 40 years and has been owned by the current owner about 8 years. Included in the asking price of $2.5M is the real estate and 35,000 SF plant (no current appraisal). Sales in 2008 were $5.38M with $554k in cash flow. Sales in 2007 were $5.2M and $4.9M in 2006. Sales and cash flow in 2009 are expected to increase despite the ill shaped economy. A nice new school account has been added in 2009 and many of this companies products are consumed by economy shoppers. The company makes hot dogs, bacon, sausage and previously did hams. The largest customer in 2008 represented 50% of the sales but is a well known company they continue to do business with. The second largest customer was 9% of sales with about 15 others making up the balance. There are tenative plans to build a company store. Most of the 25 production workers earn $7 to $11 per hour. The owner lives 4 hours away and owns/manages a much larger company. This is the reason for sale as he spends too much time on his smaller operation located far away. This is a good business as it is hard to find a manufacturer that had sales and profits in 2008 exceed 2007 and expect 2009 to exceed 2008.

Facilities: Facility has approximately 35,000 SF, much of which is refrigerated space. The building and land are included in the asking price of $2,500,000.

Growth/Expansion: A Hands-on owner should be able to grow the business with more effort in sales and marketing since this business is largely absentee owned and managed.

Financing: Seller financing will be considered on a buyer for buyer basis

Support/Training: Training as needed

Reason Selling: Seller lives 4 hours away and runs a much larger business