Beverage products manufacturer and distributor with multiple retail locations.
Total Sales: $1,023,281
Cash Flow: $100,737
FFE: $250,000 (Included in Price)
Reason For Sale:
To operate other businesses in a different industry.
Training & Support:
As much as needed and as agreed during the purchase process as the seller is very sincere about making sure this is a smooth transition.
Year Established: 2014
Days & Hours of Operation: Monday - Sunday 9 to 5
Owner Hours Per Week: 12
Monthly Rent: 11163.60
Type of Location: Retail Storefront + Food Production
Square Footage: 2330 Retail and 3000 production/Office
The rent includes the rent at multiple retail locations from 650 to 980 square feet. Great neighborhoods with residential and business foot traffic as well as heavy vehicle traffic. The rent also includes an office/production location here in Chicago or approximately 3000 sq ft.
This business has not only weathered the COVID crisis, but has adjusted to accommodate its customers resulting in an even more profitable period since implementing specific changes.
This business includes multiple retail locations plus a food production location, all operating in harmony to generate just over 1 million in revenue for 2018 and 2019. Growth during expansion from one location to multiple locations of approx 29% in 2018, approx 35% in 2017, and approx 53% in 2016. All business operations at all locations are included in this sale.
This business is the only model of its kind at this level of quality that captures this key audience in Chicago. They make and package their high-quality beverage and other food-related products and make them available for sale at their retail locations. They also make menu options to order at their retail counters for carry-out or delivery. The products can be ordered online at the company website. From walk-in customers to well known Chicago sports teams, this brand is recognized as the leader for its high-quality preparation and its very high-quality, safe packaging.
No other business of this level exists in Chicago so it has a very captive audience who demands high-quality and fresh ingredients.
This business currently services Chicago sports teams, and related events who order directly in larger quantities and that type outreach can expand in addition to expanding physical sales locations. Adding a few more locations as a point of sales can dramatically reduce the price per item production costs without adding much additional labor, if any. That increased revenue will fall in-part to the bottom line as profitability. This business can be a 250k+ cash flow business reasonably quickly. This can be achieved by scaling it to sell products at just a couple more company-branded locations or implementing the co-packing/distribution model currently in motion. This co-packing will sell the product in existing businesses such as coffee shops or neighborhood grocers or fitness clubs, farmers’ markets or festivals and events, etc.