Online Gourmet Peanut Processor
North CarolinaListing DetailsOffice ID: PEANUT1
Status: Offer Received
Listing Broker: George Bradbury
Listing Price: $255,000
Gross Revenue: $174,500
12 Month Forecast: $225,000
Inventory Included: Yes
FF&E Included: Yes
Real Estate: $270,000
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Owners will consider some financing.
Reason for Sale:Retiring
Training:Seller will provide up to 60 hours of transition assistance within 90 days of closing at no additional cost. Will introduce the buyer to all long term supplier relationships.
OperationsYear Established: 2005
Form of Ownership: LLC
Employees (contractors): 1
Business Hours: Monday to Friday 10-5:30
Business Description:This company is a 13 year old online gourmet peanut processor and shipper. The company has perfected formulas that have resulted in flavorful award winning products. There is a retail showroom at the processing plant which located on a busy highway, where some sales are made. The majority of the business originates on their web site, but showroom sales are increasing. 4th quarter holiday personal sales and corporate gifts are the largest segments of the business.
Historical Summary:This online gourmet peanut company was founded in 2005 by a husband and wife team dedicated to delivering the highest quality---best tasting peanut products! There love of peanuts and cooking meant creating a product like prepared in the kitchens of Colonial Days. Over the last 13 years they have developed 5 product lines sold mostly online for seasonal gifts. There is a burgeoning corporate sales effort. This company is poised for growth with broad customer base and great products.
Owner Qualifications:A staff of one contact worker that currently produces, packs and ships the current level of sales. Both owners are involved in day to day operations including; overseeing production, recording sales and performing other administrative functions.
Competition:There are established competitors in the gourmet peanut space in the NC/SC/VA market. It is desirable to be near the farms where the best peanuts are grown.
Potential Growth:The company’s extensive database of customers (mostly retail online) have not been marketed to with an email campaign. A significant opportunity exists to increase repeat business. An effective social media would help to increase online business. A sales effort to new wholesale accounts should be undertaken.
LocationType of Location: Stand Alone
Real Estate for Sale: Yes
Real Estate: $270,000
Monthly Rent: $500
Square Footage: 4900
The real estate including the building and equipment must be included with the sale of the business. The real estate (1.5 Acre) and building (4,900 sq. ft.) will be sold at the appraised value. There was a recent valuation----$270,000.
Last Updated: Apr 20, 2021 / 6:32 AM
Financial Information Current As Of: Mar 26, 2018 / 6:33 PM