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Nutriceutical Manufacturer For Sale - Santa Cruz, California

Ad/Listing Information
Contact Information
 
Status: In Contract
Location: Santa Cruz
County: Santa Cruz
City: None Given
Contact Agent:  Greg Carpenter
Primary Phone:  408-385-6658
Alternate Phone:  408-898-0393
DRE Number:  01242004
Email Address:  Email Advertiser
Date Started:  4/25/12
Date Last Revised:   4/25/12
BizBen Ad #:  174092
 
 
Financial Information Detailed Information
 
Price:      $399,000
Down:      $150,000
Revenue:      $660,305
Adj. Net:      $89,938
Relocatable:      No
Home Based:      No
Real Estate Included:      No
Bkr To Bkr Coop:      Yes
Franchise:      No
For Sale By Owner:      No
Asset Sale:      No
Lifestyle:      No

Description Of This Santa Cruz Nutriceutical Manufacturer Business For Sale:

You can do this!!! CEO has run the company since 2003 and wants to stay on for new owner. If you are good at marketing and sales and want to quit commuting over Hiway 17, then consider owning this business.

Manufacturer of proprietary nutritional supplements for a niche market. Business has its own FDA approved manufacturing facility in 3,900 square feet which is operating at a fraction of its capacity. Business is for sale due to passing of the founder, who was in his 40's, four years ago. Sales have gradually slipped from over 1 million to about 660,000 without an owner/manager over the past four years and without the founder's personal efforts to develop new distributors and customers. This business needs an owner/manager who will actively market the products and spend time in business development, marketing and sales.

Experienced employee team has continued to develop new products and market existing products, but has been hampered by lack of capital as the owner is the estate of the founder. All employees work part-time averaging about 20 hours per week in order to keep expenses down. Several members of the team have formal training and experience in chemistry, herbal medicine and the specific market niche the company serves. The company uses an outside laboratory to test all ingredients and all batches of product prior to shipping.

Labor as a percentage of revenues is high because of the hand-crafting production methods and the low volume of sales, causing loss of manufacturing efficiencies that could be achieved in larger batches. The company purchased new manufacturing equipment this year when it moved into a larger facility but has yet to achieve enough sales to put it into operation. Existing equipment makes 40-gallon batches but the new equipment will make 80-gallon batches using about the same labor, therefore, cost of goods will be lower when higher volumes are reached. The business potentially can produce great profits if volume can be restored to 1 million plus range. Facility can produce 2.0 million or more annually without additional equipment purchases. Primary skills needed by new owner are leadership, marketing, sales and general business management.
Call Greg Carpenter (Agent) at 408-385-6658 or 408-898-0393  (Please Mention You Saw This Ad On BizBen) About This Nutriceutical Manufacturer Business Opportunity For Sale in Santa Cruz.


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