For Sale Price: $395,000

Profile

Description:

UNDER OFFER- This business was the first company in Australia to make corn chips and tortillas using the authentic nixtamal method. The nixtamal range of products was then expanded to include more flavours of totopos (that’s chips for those who don’t speak Spanish), tostadas (the real Mexican hard taco) and most of the other products they have today.

The business manufactures specialised products and can develop tailor-made products for customers if required. Sales are driven by product specialisation. They have an excellent customer base which provides stability for annual sales. They have an excellent reputation and are well known within the hospitality industry – established for 41 years. Customers include wholesaling as well as direct to the public.

A new long term lease is available to ensure security of tenure, however this business could also be attractive as “bolt-on” acquisition to an existing food manufacturer who has available capacity with the obvious synergistic benefits that would accrue

Financials

For Sale Price: $395,000

Turnover: $1,137,000

Net Profit: $131,000

Period: Annualy

Rent: $78,000

Lease: New lease available

Staff: Owner plus 10 staff

Stock: $95,000

Previous Financials Data:

Due diligence welcome

Broker

Broker:

Roy Levy 0416 124 860

To express interest in this business, please complete this Register Interest form and we will contact you.

Confidentiality Agreement

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Pear Business Brokers Pty Ltd ABN 28 084 390 125 t/as Core Business Brokers
in its capacity as agent of its named or unnamed principal
Level 13, 465 Victoria Avenue, Chatswood NSW 2067
Phone (02) 9413 2977 Fax (02) 9413 3818 Email: [email protected]

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Recipient will use the Confidential Information only for the purpose of analysing such information so as to make an informed decision as to a proposed purchase of part of the assets of a business, the whole business or the sale of shares in the business/es referred to above or any new businesses introduced to you in future.

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General Terms

1. When must we disclose the information to you?
1.1 We must make that part of the confidential information available to you that we consider in our sole discretion to be necessary for you to carry out the project.
1.2 The confidential information always remains our property. This agreement does not give you any right, title or interest in it. We make no warranty as to the accuracy, content, legality or completeness of the confidential information.

2. How must you treat it?
2.1 You must use the confidential information only for the permitted purpose. You must not use or exploit it for your own benefit or for any other purpose, or allow any other person to do so without our written consent.
2.2 You must not disclose it, and must ensure that your employees, contractors and agents do not disclose it to any other person except as required to carry out the project and then only on a confidential basis. You will, on our request, arrange for such persons to execute confidentiality undertakings in our favour that they are bound by this agreement as if a party to it.
2.3 You must take reasonable steps to protect the confidential information and keep it secure from unauthorised persons.
2.4 You must inform us immediately if:
(a) You become aware or suspect that there has been a breach of these obligations; or
(b) You are required to disclose the information by law.
2.5 At the end of the project or if we ask for it earlier, you must return the confidential information, and all copies, notes and memorandums relating to it, to us as we direct.
2.6 You do not have to treat as confidential information
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(d) Which you are required by law to disclose but you must seek to limit that disclosure in any way we reasonably request.

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3. You indemnify us against all loss, damage, expense and costs arising because you do not observe the conditions of this agreement for any reason.

4. Duration
4. Your obligations under this agreement continue after the project ends.

5. General
5.1 We do not enter into this agreement in our personal capacity but only in our capacity as agent of our named or unnamed principal.
5.2 This agreement contains the entire agreement between you and us and takes the place of all other statements about the confidential information.
5.3 This agreement may be varied only if you and we agree in writing.
5.4I f we do not exercise a right at any time in connection with a default under this agreement, this does not mean that we have waived the right or cannot exercise it later.
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5.6 By signing this agreement you permit us to add your details to our database and authorise us to communicate with you from time to time regarding new business opportunities.

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Broker:

Roy Levy 0416 124 860

Wholesale & Manufacturing

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Manufacturer Distribution Of Mexican Style Foods