Listing Number: 41861-868982
Description
This is a prominent food manufacturing company that produces food on-site and operates a retail store where they sell their products.
The retail store associated with the food manufacturing business provides a platform for visitors to purchase the products directly. It serves as a storefront where customers can browse through the offerings and make their selections. The store features a wide range of food items, including the ones produced on-site, as well as other related products like sauces, condiments, specialty ingredients, and merchandise.
Real estate is also available at a value of $600,000. With 10% down, a $855,000 SBA loan @ 8.5% (based on a bank's rate disclosure to me), amortized over 25 years, the 2-year average of free cash flow after debt service is $152,589. What a great opportunity!
For more information, please contact Jessica Starks at 517.492.0039 or [email protected]
Listing Details
- Price: $350,000
- Down Payment: $300,000
- Sellers Discretionary Earnings: $152,589
- Total Sales: $750,954
- Location: Saginaw County, Michigan
- Inventory: $40,000
- FF&E: $80,000
- Employees: 10
- Reason for Selling: Retirement
- Category: Manufacturing
Contact Agent:
- Jessica Starks
- Phone: (616) 383-0770
- Email: [email protected]
