The Company is a full-line bakery ingredient and packaging distributor serving bakery markets in its Midwest market.
The Company distributes commodity food products and a wide variety of brand name manufacturer bakery ingredient and packaging products. The product line includes mixes, fillings, nuts, spices, toppings, and other food products (45%); commodity-type products such as flour, meal and sugars, (35%); frozen breads, doughs and pastry products (10%); and bags, boxes, liners, and other packaging products (10%).
The Company covers 16 regular routes 5 days each week, averaging 10 stops per route, with weekly per-customer sale ranging $500 to $1,000.

Diversified Customer Base: The Company has over 225 customers, with no single customer accounting for more than 4% of total revenue. The diversified customer base ensures that the Company will not be significantly impacted by the loss of a single account.

Niche Positioning: The Company has focused on supplying all ingredients, commodities, mixes, fillers, spices, and other items, including specialty frozen product items, that the retail bakery market needs on a regular basis. This has led to niche market positioning and a long term customer base.

Repeatable, Standardized Growth Formula: The Company has a streamlined, profitable operational model, from purchasing and inventory, customer service and delivery functions. The Company's equipment and operational model could be leveraged to support significant new market growth.

Posted Jul 8, 2014

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