SOLD – Gourmet Condiment Food Business – Savoury Jams – Sydney, NSW

Description

NATIONAL OPPORTUNITY – WHOLESALE, RETAIL PLUS & ONLINE SALES

Positioned at the premium end of the market, this successful business is currently run from home on a part-time basis due to its outsourced business model. Offered for sale WIWO, an easy business to run and would suit a variety of buyers, such as a chef or someone seeking a profitable side hustle. It would also be an ideal bolt-on to an existing food manufacturer/distributor. There is a huge growth opportunity to expand into major supermarkets – and there has already been interest from Woolworths.

 BUSINESS HIGHLIGHTS:

• Branded business selling leading gourmet savoury jams (condiments) in Australia
• Currently based in Sydney but can be relocated and run from anywhere! 
• Established in 2005 – current owners since 2013
• 12-20 hours work/week – FY23 turnover $225K – GP $57K – Normalised EBITDA $34K (owners return)
• Exceptional quality product (produced in Australia) made using fresh ingredients where possible – No GM, 100% gluten free, no artificial colours or flavours
• Nationwide distribution with 8 distributors + direct sales to NSW customers and online sales
• Sold to gourmet grocers, butchers, deli’s, independent supermarkets and specialty shops
• Loyal customer base
• Cooking by long term contract manufacturer
• 9 products in the range – 2-year shelf life – ambient storage – 3rd Party logistics in place
• Second Brand developed for international expansion leveraging Australian heritage
• Social media advertising, email campaigns to existing database + Listing in Food Retailer database

This excellent investment offers multiple strategic opportunities – depending on the business model of the purchaser. Options include:

• Immediate Profit Growth: Bolt-on acquisition of $225K+ revenue and $57K+ GP with low incremental costs.
• Avoid duplication in admin costs, order fulfillment, supply chain management.
• Access new sales channels – with distributors, direct customers and online, allowing expansion with other products under this well-known brand.
• Direct channel to consumers, increasing market presence and influencing consumer preferences more directly.
• Cost reduction opportunity in warehousing and logistics by leveraging buyers existing warehousing network and manufacturing efficiency.

PRICE: $76,000 + SAV