Proprietary and Confidential Business Summary
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PROPRIETARY AND CONFIDENTIAL BUSINESS SUMMARY PROPRIETARY AND CONFIDENTIAL NOTICE OF CONFIDENTIALITY The information contained herein is highly sensitive and confidential and is for use by those persons bound by the terms and conditions contained in the Non-Disclosure Agreement on file with Peak Business Advising, LLC. This Confidential Business Information Summary shall be treated as confidential and no part of the Summary shall be disclosed to others, except as provided by the Non-Disclosure Agreement. As per the Non-Disclosure Agreement, neither this summary, nor any portion therefore, may be reproduced, copied, duplicated or reveled without prior written consent of Peak Business Advising, LLC. No part of this Offering Memorandum or its contents is intended to provide tax, financial or legal advice, and any statements referring to these areas are to be considered opinion only. All recipients are encouraged to take independent tax, financial or legal advice from duly regulated sources. Any information concerning the sale of a business contained in this e-mail has been provided by the Seller to Peak Business Advising LLC. (“Broker”). Broker and its agents have not and do not verify the accuracy or completeness of this information, and the recipient of this information is advised to conduct its own independent due diligence investigation as to the accuracy of the information provided herein. The information contained herein is intended only for the personal and confidential use of the recipient(s). If you are not the intended recipient, please contact the sender and destroy all copies. Do not deliver or copy this document and/or any attachments if you are not the intended recipient, do not disclose the contents or take any actions in reliance upon the information contained in this communication or any attachments. Should there be no interest in the opportunity described herein, immediate notification of such should be transmitted to Peak Business Advising, LLC, and this as well as any other materials provided should be returned to: Chad Connery-CEO Peak Business Advising, LLC 615-807-0249 or 615-686-6115 [email protected] www.peakbusinessadvising.com PROPRIETARY AND CONFIDENTIAL Nashville Chocolate and Nut Company 6004 Charlotte Pike Nashville TN 37209 Featured on Food Network and Southern Trisha’s Kitchen PROPRIETARY AND CONFIDENTIAL ABOUT US: "Since 2009, Nashville Chocolate & Nut Co. owner and Specialty Chocolatier Tracy Page, has manufactured unique one-of-a-kind gourmet products that capture the flavor of Music City and the state of Tennessee. Our best-selling "Nuts about Nashville", "Music City Munchie Mix", "Nashville Hot Chicken Crackers" and "Tennessee Honeycomb Candy" are just a few favorites! Nashville Chocolate and Nut Co. became so well-known that the Food Network and Trisha Yearwood - "Trisha's Southern Kitchen" came calling. Nashville Chocolate & Nut Co. and their one-of-a-kind Signature Chocolate Guitars were featured on the Food Network on Trisha's show. Through the years, Nashville Chocolate & Nut Co. have had their products nationwide in Cracker Barrel Old Country Stores, locally in Gaylord Opryland, Marriott and Hilton Hotels, the Music City Center, Country Music Hall of Fame, featured as gifts for the Rock & Roll Hall of Fame, CMA Awards, CMT Awards, BMI Awards and on and on. Some of their other best-loved products include our "Music City Macaroons", "Smokin' Southwest Blend", "Monkey Krunch", "Mini 5-Pack Chocolate Guitars", gourmet Chocolate Truffles, "Luxurious Belgian Square Chocolate Bars", "Chocolate Lollipops" )shaped like music notes and cowboy boots), Gourmet Malted Milk Balls and Animal Crackers, etc. Nashville Chocolate & Nut Co. have extensive R & D, food manufacturing and food safety experience, has helped design and create their unique product packaging, and has obtained 5 product trademarks! For more information, visit: www.nashvillechocolatecompany.com" OPPORTUNITY: Nashville metro contains a population of nearly 2 million within 14 counties: Davidson, Smith, Macon, Williamson, Cheatham, Sumner, Dickson, Robertson, Cannon, Rutherford, Hickman, Trousdale, Maury and Wilson. Davidson is the most populous county with 702,900 people and is home to Nashville, the capital city, which has 674,400 residents. The metro is in the north-central portion of the state of Tennessee in what is known as the Central Basin. The Cumberland River, which snakes through the region, adds to the local economic base and enhances Nashville’s quality of life. The metro has a strong multimodal infrastructure network linking the metro to markets around the world. The entertainment and country music capital houses a number of venues such as Ryman Auditorium, Grand Ole Opry, Country Music Television and Music Row. The nation’s lowest tax burdens and incentives for businesses attract companies to the region and are assisting in diversifying the economy. Fortune 500 companies headquartered in the region: HCA Holding, Dollar General, Community Health Systems, LifePoint Health, Delek US Holdings and Tractor Supply Co. PROPRIETARY AND CONFIDENTIAL BUSINESS OVERVIEW: • State of Incorporation: Tennessee • Legal Organization Type: LLC • Total Years in Business: 11 years • Intangible or intellectual assets included in the sale: Yes • Business relocatable? Yes • Lease: Month to month • Special skills or licenses required to operate the business: NA • Hours: Monday-Saturday 10am-3:30 • Revenues: 45% Chocolates, 35% Nut Mixes, 20% Hot Chicken Crackers • Market area served: 80% Middle Tennessee • Customer Mix: 80% Wholesale,10% Internet,10% Other PROPRIETARY AND CONFIDENTIAL Current and past clients of Nashville Chocolate & Nut Co., LLC • Featured on the Food Network • Trisha's Southern Kitchen, Trisha Yearwood • Gaylord Opryland Hotel • Hudson Group Nashville Airport various stores • Hilton Hotels (various locations) • Hutton Hotel • Omni Hotel • Bode Hotel • Hotel Indigo • Marriott Hotels • Renaissance Hotel Downtown • Sheraton Hotel Downtown • Rock & Roll Hall of Fame • Country Music Association • Country Music Hall of Fame • Country Music Television • Gaylord Opryland’s ICE • Whole Foods Market • Cracker Barrel Old Country Store • Batch Nashville • High Note Gifts • Shop Made in TN • Legends Gifts Downtown • Green Door Gourmet • The Sunshine Shop • The Produce Place • Beachaven Winery • Music City Center • Music City Center "Fresh Pick" retail store • And many more PROPRIETARY AND CONFIDENTIAL MARKETING: Nashville Chocolate & Nut Co. has an excellent presence with social media such as Facebook, Instagram, Twitter, Newsletters and Blogs. INSTAGRAM PROPRIETARY AND CONFIDENTIAL PRODUCTS: CHOCOLATE GUITARS & PIANOS PROPRIETARY AND CONFIDENTIAL CHOCOLATES & CONFECTIONS GOURMET NUT MIXES PROPRIETARY AND CONFIDENTIAL COOKIES, CRACKERS, & MORE GIFT COLLECTIONS PROPRIETARY AND CONFIDENTIAL Length of time for a buyer with reasonable skills but little direct knowledge to learn enough to manage this business: 2-4 weeks Equipment and fixtures: NASHVILLE CHOCOLATE & NUT CO., LLC EQUIPMENT INVENTORY 7-2020 1 2017 Customized Nissan NV Commercial delivery van, paid for 2 Hillard Chocolate Systems Table Top LITTLE DIPPER Chocolate Tempering Machines 1 JKV Tempering and Enrobing Machine with attachments and conveyor system 1 Kitchen Aid Professional HD Mixer, table top, with bowl and attachments 1 Anvil America HD floor stand mixer, 30 Quart with bowl and attachments 3 large Professional 3 bin stainless steel WASH/RINSE/SANITIZATION Systems, with ECOLAB Chemical systems installed 2 Tramontina Convection table top candy cooktops 1 LANG Accuplus Convection 3 rack oven on stainless steel base with storage space shelf 3 various refrigerators. 2 commercial, one for employee break area 1 Gold Medal Commercial Popcorn popper, with supplies 1 Apolo Table Top Band Heat Sealer, CBS-620 500 watt 1 Hand Sealer, Uline #131982 1 8-foot Commercial Climate-controlled customized Chocolate Case 3 Various size and capacity scales 8 Various size and length Stainless Steel prep tables 1 Refrigerated OMCAN 27-157 Pastry Display, 35’ 1 Chest freezer 3 Commercial Speed Racks (one enclosed) 1 Commercial Cold/Hot box (4 sheet pan) 7 Various length collapsible product production packaging, prep tables 11 Stainless Steel rolling racks, short stainless racks 1 Industrial collapsible dolly/flat cart 1 Stainless Steel two shelf rolling cart 2 Collapsible dollies 1 Professional Executive solid wood office desk 1 Commercial file cabinet PROPRIETARY AND CONFIDENTIAL NASHVILLE CHOCOLATE AND NUT CO., LLC INVENTORY CONT’D. 7-2020, p. 2 Hundreds (100’s) of Chocolate Molds, polycarbonate commercial and professional Various commercial Retail Display units and displays, baskets, etc. Hundreds (100’s) of case-pack delivery/shipping cardboard boxes All current product packaging, custom bags, boxes, labels, etc. 2 Uline best by date and price guns All current product raw materials: Nuts, confections, Belgian chocolate, professional extracts, commercial flavorings, commercial flavor bases, spices, decorations, sugar, salts, etc. All professional chocolate tools All production pans, pots All storage bins All utensils All full-size sheet pans, approx. 80 new 1 HP OfficeJet 8715 Print/Scan/Copy/Web printer All Git Boxes, packaging for gift box shipping and decoration, including custom NCNC deluxe ribbon Various chairs and stools Various garbage cans 1 Electronic Retail cash register SHOPIFY Internet commerce website Domain name: www.nashvillechocolatecompany.com 1 DYMO label