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Hawaii Mfg-foods Frozen Business For Sale 26275

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Manufacturing Businesses For Sale
The Transition Group
 
Clackamas, Oregon 97015
UNITED STATES

p.971-224-4080
Click for email
 
Category: Manufacturing SIC:
Detail: Mfg-Foods Frozen Price: $1,250,000
County: Down: $250,000
State/Prov.: HI Adj Net: $0
Country: USA Sales: $1,850,000
Relocatable No Home based No Franchise No Lender pre-qualified No
This Ice Cream Manufacturing Company, www.has been in business for (34) years in Hawaii. The operation and general offices are located in Waimea, Hawaii on the Big Island of Hawaii, https://www.lovebigisland.com/waimea-kamuela-hawaii/. This area is the home of the King Ranch one of largest cattle ranches in the USA and a tourist attraction in its own right. Paniolo?s are Hawaiian Cowboys known worldwide for their skills and regularly perform in a rodeo held in Waimea. Waimea is also the home of one of the best private schools in the world, Hawaii Preparatory Academy, https://www.hpa.edu/.

The owners purchased the business about (8) years ago and have grown the business from day one. They want to retire asap (75 years old). Both major stock holders have agreed to the sale of the business. Owners may consider some owner financing determined by the quality and quantity of the buyers net worth. Owners may consider the sale of the (5) acre site the business is located on. If land is not purchased, the owners would become your landlord.

Growth is tied to Hawaii Tourism and Local market and is on a steady up trend. Ice Cream is the primary focus of the business and is wildly popular to visitors seeking Hawaiian made products. The company is now shipping 1.5 20? containers to the Mainland every month and is being accepted very well in California. The products are sold directly to restaurants, retailers (dip shops) and through wholesalers on the other islands. The company maintains a ?dip shop? at its manufacturing location.

The company manufactures premium ice cream, sorbet, gelato and butter. Dairy operations are nearby with almost unlimited ability to produce cream and needed dairy products to make ice cream. The Big Island supplies most of the Hawaiian Islands with Dairy products that are produced with limited production on other islands.

Tropical Dreams Ice Cream is one of the first businesses in Hawaii to be awarded the Hawaii Seal of Quality and also may use the designation ?Make In Hawaii. These symbols confirmed and issued by the Hawaii State Department of Agriculture may be used on all of their products.

The business owners take a small salary out of the opertion. They employee (11) people, (3) full time, (8) part time employees. Most of the part timers are involved in production with the exception of a back up truck delivery driver. Production is done with one shift M-F.

There is a significan upside for adding shifts to produce products for other Dessert Segment Brands such as Baskins & Robbins, Coldstone Ice Cream, Bubbies Ice Cream (Hawaii), Dave?s Ice Cream, (Hawaii) etc. The upside here is adding distribution to their product lines while reducing shipping costs because of the need for inter lisland shipping.

The Ice Cream segment of the industry is still growing at a steady pace especially in Gourmet production. The NACIS code for this industry is 31152 and can be researched via https://www.ibisworld.com/industry-trends/ Note that Hawaii Ice Cream produced is extremely popular with tourists and the high end of the local market. It is almost a must to enjoy some while you visit. It is beginning to take on the status of a ?novelty.? This is confirmed by the ?be backs? who come to www.tropicaldreamsicecresam.com to purchase product after returning home. The Japanese market i.e. about 1.6 million people a year have an almost total commitment to try things made in Hawaii. Owner has been contacted to distribute products in Japan.

Scaling the business is both reasonable and doable. There are a number of ways to grow this business even more. For example,

1. Traditional Distribution to the other islands and mainland.

2. International Distribution to Japan and other Pacific Rim Countries.

3. Franchising to take advantage of the Hawaii Brand known worldwide
A/R: Real Estate: $
Inventory: $75,000.00 Other Assets: N/A
FF&E: $620,000.00 Total Assets: N/A
Leasehold: $15,000.00 Included: N/A

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