Candy & Chocolate Manufacturer
For two years, the owners had perfected a chocolate bar for “Made in Hawaii” sections of many top retailers such as Foodland, Longs Drugs, and ABC stores. Their revenues jumped from $39K in 2015 to $109K in 2016 and is continuing to grow and be profitable. The lease is month to month as a potential buy may decide to operate the business on Oahu or another island. It is not dependent on a retail location and has 2 primary distributors that cover the all the island in the state of Hawaii. This is also a license agreement sale where sellers will give all rights to buyer for an unlimited time to create new products and refine existing recipes if needed. Limitation of license if restricted to editable items – it does not extend to non-perishable items.
BUSINESS HIGHLIGHTS
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Annual Sales over $100,000 within 2 years of startup.
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They currently have over 150 stores where the product is sold.
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Excellent growth potential for existing and future products
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Private labeling with hotels or businesses that want to produce a brand for their customers as a thank you for services- many hotels do this.
EXPANSION OPPORTUNITIES
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New recipes under an established Brand name can be created
COMPANY
Listing ID: HI Candy - P
Location: Hawaii (Maui) but can be done on Any Island
OFFERING SUMMARY
Asking Price: $59,000
Included Inventory: $10,000
F, F &E: $10,000
Non-Compete: 10 years in Hawaii via license agreement for all editable creations
Training: 30 hours a week; 2 weeks
Sale Reason: Moving to Mainland
FINANCIAL SUMMARY
2016
Revenue: $109,152
SDE: $53,918*
F,F&E $10,000
Inventory: $10,000
*SDE = Seller’s Discretionary Earnings
LEASE DETAILS
Month to month
Landlord willing to negotiate a lease
Monthly Rent: $904 plus GET
CAM: $293 plus GET paid semiannually
Sq. Ft.: 1,094
TRAINING
30 hours a week, 2 weeks
For more information, please complete and return this Non-Disclosure Agreement.