Profitable Food Manufacturer - Under Contract

Charleston, SC (Charleston County)

Profitable Food Manufacturer - Under Contract
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Asking Price: $795,000

Cash Flow: N/A

Gross Revenue: $1,101,962

EBITDA: $213,578


Inventory: N/A

Established: 2010

Profitable Food Manufacturer - Under Contract

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Business Description

This business is a specialty food manufacturer/distributor focusing on items related to the historic food culture of the Lowcountry.

Current owners purchased the business in February 2014 and have steadily grown sales through new product development and expanding the distribution network. Three year average sales growth is 25%. Making this even more impressive is the fact that there have been no price increases in the past 5+ years.

The business has approval to expand into many more stores within the grocery chains currently serviced but, having purchased a new (noncompeting) business in early 2018 the sellers desire to put their time and energy in that direction rather than further growing the subject business.

With the level of tourism in the Charleston area and the amount of national press coverage of the local food culture, national brand expansion is a reasonable target for an acquiring company.

Detailed Information

Charleston, SC
Included in asking price
Business operates out of a FDA approved facility. Current lease expires in 2020 with two 5 year options remaining.
Seller has developed several well received and unique products as well as attractive branding evidenced by the sales growth.
Growth & Expansion:
Business is poised for growth throughout the southeast with approval for expansion into a large number of grocery stores.
Support & Training:
Seller will provide the necessary training and support to facilitate a smooth transition
Reason for Selling:
To focus on a noncompeting business they own.
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Scott Hopper

Business Listed By:
Scott Hopper

Charleston Business Brokers

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