Specialty Packaged Food Company and Local Market
| Cash Flow: | $264,000 |
| EBITDA: | $180,000 |
| Gross Revenue: | $1,400,000 |
Founded in the 1930’s, this Company is a specialty food company that manufactures and distributes many packaged food products from its facility, where the Company also operates a market selling many locally-made specialty food products. The Company is well known across the state for its loyalty to local producers and willingness to learn about and support small vendors across the state.
The Company manufactures many food items in-house, including many varieties of pimento cheese and fudge, and also makes its own chicken salad, macaroni salad, ham salad, many varieties of coleslaw, chili, and liver pudding for sale at the retail location along with their meat market. The Company’s homemade pimento cheese is a staple across their area accounting for approximately 95% of wholesale revenues.
INVESTMENT APPEAL
Established Local Presence: The Company benefits from its convenient location, where the store has been located for 85 years. Local residents know and love the store, and shoppers recognizes the Company’s pimento cheese on store shelves across the region.
Strong Customer Relationships: The Company has built a reputation for providing specialty foods with the highest attention to customer detail. The customer base is loyal, which allows the Company to save marketing costs that competitors must foot, both in acquiring new customers and in obtaining repeat business from existing customers.
Outstanding Growth Opportunities: There exist several opportunities for the store to significantly increase revenue and profit, including introducing a USDA kitchen to the store and expanding distribution to widen the Company’s reach across other local markets. These opportunities are easily attainable given the appropriate capital investments and compliance with regulations.
Strong Supplier Relationships: The Company has long-term relationships with the vendor base. All of the store’s suppliers are local, making for easy procurement of goods, and they are known for a strong loyalty to their local producers .
