Profile: Candy Manufacturer - Automated. Established In 1939.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Greg Carpenter, Agent
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| Primary Phone: |
408-385-0399 |
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| Alternate Phone: |
408-594-2368 |
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| DRE Number: |
01242004 |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
10/19/09 |
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| Date Last Revised: |
10/19/09 |
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| BizBen Ad #: |
141469 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
Call |
| Down Payment: |
Call |
| Annual Revenue: |
Call |
| Annual Adjusted Net: |
Call |
| Price Range: |
$250,001 to $500,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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Creative Financing Available - Seller Wants To Become Commission-Only Salesperson And Build The Business. He Says The Challenges Of Running The Business At The Same Time As Developing New Accounts Is Too Much For Him. With 30 Years Selling To National Grocery And Drugstores He Is A Pro When It Comes To Sales. The Demands Of Running The Business Prevent Him From Spending Much Time Selling, Though!
Candy Manufacturer Established Since 1939. Products Are Manufactured In Its 13,000 Square Foot Factory Include Creams, Truffles, And Chocolate Coated Anything On Its Automated Production Lines As Well As Hand-Made Specialty Items Such As Easter Bunnies, Turtles, And Various Seasonal Items. The Company Has Several Well-Established Brand Names Including One That Would Lend Itself To Becoming A National Brand As It Easily Would Be Recognized And Remembered.
Present Owners Purchased The Business In May, 2008 As A Turnaround. As Of September, 2009, The New Owners Have Been Successful In Developing Several New Accounts With Major Supermarket And Drugstore Chains, Wholesale Distributors And Costco. As Of September 9 The Shippable Backlog Is Over 300,000 With Much Higher Booking Numbers Anticipated In The Coming Months As The New National Accounts Increase Their Periodic Orders.
One Owner Is A 30-Year Veteran Of The Food Manufacturing Business, Having Been Western Region Sales Manager For One Of The Largest Candy Manufacturers In The World For 9 Years, Owner Of A Food Manufacturing Business For 12 Years And Sales Manager For Another Food Manufacturer For Many Years. He Is Interested In Continuing As Sales Manager On A Straight Commission Plus Expenses For A New Owner. He Expects A Signing Bonus To Be Negotiated. His Continued Employment Would Greatly Enhance The Buyer's Ability To Continue Growing With Existing Customers And To Develop New Accounts With National Supermarket, Drugstore, Retail And Wholesale Customers.
The Asking Price Is For A Cash Payment And Assumption Of An Equipment Lease For The Automated Production Equipment At 2,710 Per Month For 24 Months As Of September, 2009. The Total Of Payments Is About 62,000.
The Sellers Will Provide Complete Training And Will Stay For A Transition Period. The Buyer Is Expected To Assume Equipment Leases In The Amount Of Approximately 62,000 Paid 2,710 Per Month For 24 Months And Pay The Broker's Commission In Addtion To The 284,000 Payment To The Seller.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Greg Carpenter, Agent at 408-385-0399 or 408-594-2368 Non Disclosure Agreement |
See All Our Other Businesses For Sale We Have Available
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Greg Carpenter with Business Team has been a business broker since since 1985 completed sale of more than 350 businesses including manufacturing, distribution, transportation, staffing, education, restaurant, catering, automotive services and retail. See all his listings and information - contact him at 408-898-0393 or 408-385-0399. |
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