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Wholesaler of Specialty Powdered Drink & Baking Mixes

Price: Accepting Offers
Industry: Specialty Powdered Drink & Baking Mixes
Location: Western WA
Listing ID: #3252
Status: Active

Business Description

Company blends and packages specialty powdered drink & baking mixes that are wholesaled to leading national retailers. Western WA based.

$6.0M – $8.0M sales annually; in business 40+ years; including 20+ year relationships with large retailers

Business has been breakeven for a couple years and run as a lifestyle business; needs new owners with energy and a talent for marketing

Ideal buyers have a background in wholesale packaged foods, marketing, or operations

Seller is open to win-win deal structures, seller financing, and/or earnouts

Current cash flows will not support an SBA 7a loan, however, SBA 504 financing possible if a buyer wants to make equipment investments

Proven model & experienced team – core leadership of 4 managers is tenured and solid, includes a GM, Production Mgr, Sales Mgr, and Shipping Mgr

Sales mix – products are sold via leading retailers across North America. Along with private labeling agreements, the company has licensing agreements with a wide mix of beloved brands. The licensing agreements, along with the nature of the product, ensure predictable demand.

Diversified customer acquisition – sales come from a mix of channels, including sales managers dedicated to mining current retailer relationships and cultivating new customers, a network of independent sales reps, trade show attendance, social media, inbound inquiries, and targeted retailer outreach.

Technology & Systems – owners made investment to migrate from legacy tools; new ERP system provides sophisticated insight into the business and can be accessed from anywhere. Process documentation and record keeping are modern, thorough, and accurate. New owner will benefit from system investments and documentation for years to come

Growth Levers – number of obvious marketing, sales, and operations levers for new owners to execute on and continue growing the business; more detail provided in confidential marketing documents after you submit an NDA. Levers include additional licensing and retail partners, implementing virtual catalog, bulk sales, e-commerce / DTC, and others.

Predictable, reasonable hours – owners work in the business a combined 40 hours / week. Like clockwork, peak period is the fall shipping season leading up to Christmas / holiday. Schedule is predictable / and low stress. The owners have a stable team that they rely on; this is an ideal opportunity for someone who wants to own & grow a business AND have a personal life.

To receive a CIM with much more detail on the opportunity, complete an NDA below

Detailed Information 

Asking Price: Accepting Offers
Revenue: $6,600,000
Year Established: 1980
Employees: ~40 – 50; mix of office, production, & warehouse roles.

Note there is a seasonal / temp worker hiring spike every summer to prepare for peak shipping season to retailers in the fall

Real Estate

Leased / Owned: Owned
Building SF: Owners had facility designed and built 15+ years ago, includes ~38k sqft of production and warehouse space, ~9k sqft office and retail shop.
Rent: ~$49,172 / month is ~market rate

They are open to either 1) entering a long-term lease or 2) selling the commercial property with the business.

Additional Information

Fixed Assets: Fill / packaging / blending machines, flow hoppers, conveyor belts, warehouse / pallet racking, phone system, computers, server, office furniture, 2 forklifts, 3 elecric pallet jacks, 1 Hino 258 box truck; all transfers debt-free in sale

Seller Financing Available: Seller is open to win-win deal structures, seller financing, and/or earnouts

Support / Training: Owners are amenable to providing the required training to a new owner to the extent that it is necessary based on their background; this can likely be achieved in 45 days. Beyond this initial transition period, should the buyer wish, owners are willing to be available as needed for advisory / consulting

Reason for Selling: Founded 40 years ago; current owners are ready to retire after running this as a lifestyle business.

NDA Registration

To receive confidential marketing materials with much more detail on the opportunity, complete an NDA using the link below:

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