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Listed by:

Advanced Business Advisors

Rapidly Growing Food Manufacturer Distributor Catering Marquette Co For Sale

Marquette County, Michigan, US
Asking Price:
$650,000 (USD)
Sales Revenue:
$1,100,000 (USD)
Cash Flow:
$250,000 (USD)

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.

Property Information

Real Estate:

Lease

Location:

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.

Business Operation

Expansion Potential:

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 / Market:

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.

Reasons for selling:

Retirement

Employees:
16
Years established:
83

Other Information

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.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Ask for details

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