Specialty Food Company

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Specialty Food Company
Asking Price: $795,000
Gross Revenue: $1,100,000
Employees: 10
Description

This business is a specialty food manufacturer/distributor focusing on items related to the historic and much popular food culture of the Lowcountry.
Purchased through Charleston Business Brokers in February 2014, the current owners have steadily grown the business to $1.2mm+ in gross sales for 2019. They have done so by introducing new products and expanding the distribution network. Prices have only been minimally increased in the past 5+ years.

Distribution

Grocery stores – Products are carried in Harris Teeter, Food Lion, Piggly Wiggly, BiLo, Lowe’s Foods and Whole Foods at locations in the

Airports – Currently provide the product to the following airports Charleston, (2 separate customers with multiple retail locations), Myrtle Beach, Columbia, and Greenville/Spartanburg.
Charleston Old City Market and Vicinity – There are about 9 different retailers in the market and nearby carrying the business’ products.
Hotels –Numerous hotels downtown and throughout the area purchase products for in-room amenities and in some case are for sale to guests.
Online - $121,724 online sales in 2019 with minimal effort invested.

Staff
In addition to the owners who fill management roles and wear the multiple hats typical in an entrepreneurial environment, the business is staffed by (2) bakers (4) production personnel (1) bookkeeper and (1) delivery/ warehouse personnel.

Facilities, Equipment, Brands, etc.
The business operates in 4,355 sq ft of leased space. The current term expires on November 30, 2020. There are two options, each for five years.
The facility is FDA approved.
All of the necessary equipment to continue the operations turn-key are included in the sale including three wrapped delivery vans.
The sale also includes three brands, all associated trademarks, artwork, UPCs, recipes, formulations, specifications, web sites, social media accounts, supplier and customer lists.

 

For additional information contact Scott C. Hopper at 843/343-5765 or SH@CharlestonBusinessBrokers.com