Jul 19, 2019 — The Company is a wholesale distributor of custom snack and nut mixes, as well as name brand snack food items and candy. Founded over 40 years ago, it primarily services customers located in the New York Tri-State area. The Company is 100% owned by its original founder who is seeking a sale of the business to transition into retirement. A family member is the Principal overseeing general operations and would consider remaining involved in the business post transaction under the right circumstances.
The top selling items in the Company’s product catalog are its proprietary, custom snack and nut mixes. It has an extensive product line with over 300 name brand candy and snack items which includes various candy bars, granola bars, chips & pretzels, cookies & crackers, etc.
There is an active customer base of approximately 250 clients, most of which place orders with the Company on a weekly or bi-weekly basis. The primary customer base consists of high-end hotels and country clubs in the New York Tri-State area. Approximately 65% of annual revenue is generated from business with hotels, specifically premier hotel chains located in Manhattan.
The business must be relocated from its current facility.