Grocery Food Manufacturer - With Valuable Brands

A thriving, profitable 15-year-old Bay Area food manufacturer with well-respected proprietary brands and products selling in Safeway and Rainbow Grocery and through Instacart, among other retailers.
Everyone needs food, probably the most economically secure sector of the economy. Manufacturing businesses are solid investments – food producers, even more so.
In operation since 2010, under the direction of one owner-manager. Fresh products are sold throughout the Bay Area through various retail channels.
The company leases a facility of approximately 2,100 square feet, which may be available for a buyer to continue renting at market rate, in the Bay Area, east of San Francisco,
Sales in 2024 were $1,356,620 with seller’s discretionary earnings (SDE) of $261,683.
In addition to the owner-manager, the company employs a staff of eight full-time and two part-time workers.
The sale includes all equipment used in production, including stove, grill, mixers, pots, dicer, racks, vacuum packer, etc. 
The Transaction: The seller is open to all reasonable offers and terms.  The business is being offered for $695,000, approximately half of annual sales, 2.6x SDE. This would include all assets used in the business, except accounts receivable, cash-on-hand, leasehold security deposit, and re-saleable inventory. This is for the entire business including, as applicable, the business name, trade names, trademarks, proprietary formulas and recipes, any other intellectual property, customer lists, vendor/supplier information, sales backlog, goodwill, tangible assets, (tools, apparatus, furniture, fixtures, and equipment). A definitive list assets will be included in any purchase agreement and will supersede this list. It does not include cash, accounts payable*, accounts receivable, or security deposits. Materials Inventory (if any) is extra at actual cost.  (*Seller is responsible for A/P and payroll through the date of Closing.)
Exclusive Broker: Tim Cunha, J.D., Cal. DRE #01919755
 Note:  All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy.  The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.