Manufacturer - Baked Goods For Sale

Business description

The Company is a wholesale manufacturer of baked food products including bread, baguettes, croissants, foccacia, cheese cakes, etc. Products are produced and frozen for shipment to customers including major food distributors, retailers, retail bakeries, restaurants, etc. Over the past five years, the Company has posted impressive financial results including annual compounded increases in revenues and adjusted EBITDA of 9% and 23% respectively. Year-to-date sales are up approximately 10%. The Company’s growth has occurred despite a lack of formal sales and marketing. Combined with the fact that the Company operates only one shift per day from Monday to Friday, the Company has considerable opportunities for growth along with available capacity to fulfill the demand without increasing the Company’s capital base. The Company was founded in 1977 by the current owners who seek retirement.

Other information

Competition / Market:

5 year annual compound increases in revenues and EBITDA of 9% and 23% respectively.

Support & training:

Owners committed to long-term successful transition.

Reasons for selling:

Retirement.

Furniture / Fixtures value:

$688,000

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