Premier Artisan Bakery

FL

Premier Artisan Bakery
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $3,400,000

EBITDA: $243,000

FF&E: N/A

Inventory: N/A

Established: 1998

Premier Artisan Bakery

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Business Description

Headquartered in Florida, this business is an artisan bakery, which serves over 250 of the area’s finest hotels and restaurants with natural, fresh breads, and rustic pastries. The Company creates 100% wholesome recipes with no preservatives and no artificial flavors. The Company purchases only the highest quality ingredients to create healthy and tasty products. Additionally, the Company only uses unbleached and unbromated flours, which are essential to the Company’s healthy baking process. This business believes a commitment to old-world “hand-made” processing ensures the breads and pastries are pure and flavorful. The uniqueness of these processes has drawn in numerous clients. The breakdown of the Company’s product segment is as follows: Bread (91% of 2018 sales) & Pastries (9%).

Detailed Information

Employees:
50
Facilities:
The Company operates from a single facility, which is utilized as both a warehouse and production facility. The Company began leasing the facility in 2008 from a related party with an expiration date of 2032. The 7,250 square foot facility in Florida has been recently improved to include new high-end commercial ovens, racks, loader and silos. In addition, the space offers the Company 5 rollup doors that are 10 feet tall, resulting in an extremely efficient loading and unloading process. Management indicates all the equipment is in good working order and will support growth through 2024 to $4,400,000.
Competition:
Low Employee Turnover: The Company’s uplifting environment and Golden Rule-esque philosophy are some of the factors that have contributed to strong employee retention, as well as a pattern of promoting internally. The general manager, for example, started off as a retail employee back in 2000. Documented Systems and Procedures: The management team is proud of the Company’s premium product and has documented systems and procedures to ensure newly hired staff will be able to seamlessly transition into the business. Strong Supplier Relationships: The Company has developed strong relationships with its vendors throughout its history, with all of its suppliers having provided their goods to the Company for 15 to 20 years. Diversified Customer Industries: While the Company operates heavily within two the largest customer markets, the Company generates revenues across a variety of complementary customer markets, which allows the Company to be shielded from downturn within a given industry. Strong Client Relationships: The Company is proud of its strong ties to clients and its reputation for quality products and outstanding service to clients. The Company’s top four clients in 2018 have been working with the Company for a minimum of 11 years.
Growth & Expansion:
Strong Historical Sales Growth: During the historical period, sales grew at a compounded annual growth rate of 5.6% through 2016 to 2017, increasing from $2,917,000 to $3,254,000. Gross Profit Percentage is Above Industry Benchmarks: The Company’s gross profit as a percentage of sales for the fiscal year of 2018 was 21.8%, which is higher than the industry standard for Company’s of similar size and operating activity of 15.2%.
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Mario Dieckmann

Business Listed By:
Mario Dieckmann

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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