Paul Olsen of Denver is the owner of Company Broker Group. They specialize in valuating business and selling to the highest bidder; and have helped hundreds of business owners get the best rate for their business. They are currently selling a 65 year old confectionery manufacturing and distribution company.
The business manufactures fine custom caramel and bulk caramel products and distributes them to wholesalers, manufacturers and food store chains. It is located in South Metro Denver and had a cash flow of $358,573 in 2012; 401,551 in 2013; and was projected to stay in that region in 2014. The buyer gets over three quarters of a million worth of well-kept equipment that can handle mass production of a fine and custom product.
As part of the deal, the seller agrees to help ensure a full and smooth transition to the new owner. The seller wants to create a win-win situation for all parties involved and wants to help ensure that the company is able to grow from day one under the new ownership. The sales price and terms are to have $1 million down at closing, while the seller will carry another 600k-1mm to be paid over time with a promissory note and earn-out, based on the business’ performance going forward.
Paul Olsen of Denver can be reached at the CBG office, which is located at 999 18th St. Suite 3000, Denver, CO 80202. Their phone number is 303-382-1900 and their fax number is 815-301-3483.
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