PROPRIETARY AND CONFIDENTIAL BUSINESS SUMMARY
PROPRIETARY AND CONFIDENTIAL
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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.
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 printer/labels inventory 1 AT&T Commercial phone system with several jack and handsets All cleaning and sanitization chemicals, equipment 2017 delivery van
PROPRIETARY AND CONFIDENTIAL
Biggest growth opportunities in this business: There is a tremendous opportunity to refine products and processes and build from a loyal customer base.
BENCHMARK DATA Food manufacturing gross margins (after material costs and direct labor) should be at least 40%, and preferably at least 50%.
ADVANTAGES Good profit
Food is stable.
Branded food businesses enjoy annuity-like revenues due to consumer loyalty.
DISADVANTAGES
The price of raw materials and other resources (such as fuel) are unpredictable. This can cause unforeseen effects on earnings.
Regulation; highly competitive, margin pressure.
EXPERT COMMENTS
Food manufacturing businesses have high marketability.
PROPRIETARY AND CONFIDENTIAL