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REDUCED – Rapidly Growing Food Manufacturer, Distributor & Catering – Marquette Co. Michigan

GREAT VALUE OPPORTUNITY – Well respected and known catering and food manufacturing business has pivoted to a new business model that is experiencing tremendous growth from demands created from covid-19.  The great news for the next owner is these demands and market segments being served are growing due to the new labor issues faced by many grocery stores as well as reduced competition in catering. 

 

 

This family business was started in 1938 and services Michigan’s Upper Peninsula and Eastern Wisconsin, providing frozen products to grocery stores, meats for grocery stores and local restaurants, deli salads that include signature potato and tuna salads, Greek, sweet and sour, fettuccine, spaghetti and apple taffy, as well as several store specific recipes, and full-service catering.

Listing ID:

MSMM-20095256-96

Location:

Marquette County Michigan

Type of Business:

Food MFG and Catering

Asking Price:

$490,000 plus inventory

Gross Revenue:

$1,100,000 (2021 projected)

Cash Flow:

$250,000 (2021 projected)

Inventory:

Plus Inventory

FF&E:

$150,000

(included in asking price)

Established:

1938

Employees:

Owner plus 8 FT / 8 P/T (Seasonal)

Facilities:

The business is operated from a commercial building where they store equipment and trucks. Location has multiple kitchens, prep areas, coolers and storage.  The facility is centrally located on a major artery and can easily deliver to Eastern Wisconsin and throughout the Upper Peninsula of Michigan.

Real Estate / Lease Terms:

Available for lease.

Growth Opportunity:

Deli Salads/Grab and Go: has grown substantially. especially in the deli area. Currently selling deli salads in 16 chain store locations as well as many local grocery and convenience stores. Adding “Grab and Go” products to offerings this fall and continuing to look lor more stores, specifically along our current routes.
 
Additional opportunities also exist in growing catering, meat and frozen products. Ask for more details.

Competition:

Catering: There is little competition for catering in the UP and NW Wisconsin, especially after COVID put several businesses in this industry out. Local catering companies that they compete with would be Ralph’s Deli, Jeffery’s, NMU Catering, and Border Grill.

 

There really is no competition in their growing meat/deli/frozen. This is now 75% of the business and is where the greatest growth is. Add to that the current buy local and buy UP movement with it’s many supporters, this appears to the an opportunity you don’t want to miss out on.

Financing:

Alternative financing options available for qualified buyers, ask for details.

Support & Training:

Seller will provide training to help the purchaser take over providing a smooth transition while learning the business and its operating activities, gaining and understanding of the customers and vendor partners.

Reason for Selling:

Seller wants to retire.

Broker Contact:

Frank Cobb – Main Street Market Maker a division of Advanced Business Advisors, LLC

Direct: 231-750-1400

Fax: 248-564-5259

For more information, fill out the form below:

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. ​Above information is subject to change and/or correction and should not be considered binding.