Wednesday, April 08, 2015
FOR IMMEDIATE RELEASE
Attention: Sun Acquisitions has been engaged to sell a Chicago novelty food company.
Contact: Jordan Whitehurst, CBI, Managing Director
Address: 8735 W. Higgins Road, Suite 160, Chicago, IL 60631
Email: [email protected]
Sun Acquisitions (www.sunacquisitions.com) announced today that they have been engaged to sell the flagship location of a novelty food company. This company located in the Chicago area, provides novelty, edible arrangements for a wide variety of clients, and is the highest revenue and most visible of the four locations. Customers of this neighborhood are very active and repeat more regularly than other coverage areas. This business is located near a local hospital and nursing homes, and those establishments are cited as the primary consumers of this locations’ novelty foods.
Sun Acquisitions will manage the entire engagement to ensure a successful transaction is completed. Engaging an intermediary in the sale of a business assures business owners that they will get the best pricing and terms, the transaction will remain confidential, and most importantly, give the business owner the freedom to concentrate on his business.
The cornerstone offering for this novelty food company is creating bouquets of fresh fruit overflowing with juicy strawberries, pineapple, grapes, oranges, cantaloupe and honeydew designed to look like flowers. The company also offers an assortment of chocolate-dipped fruit in arrangements or boxes. Their newest offering is “edible on the go”, catering to individuals looking for instant gratification when it comes to fruit, smoothies or chocolate.
Products are ordered for various occasions including birthdays, graduations, anniversaries, new babies, corporate events and gifts, etc. The company delivers the arrangements in an owned refrigerated truck. The company estimates that approximately 60% of all sales are generated from internet traffic; 30% from recurring customers; 5% from walk-ins; and 5% from franchisor generated advertisements.
About Sun Acquisitions
Sun Acquisitions provides mergers and acquisition services to clients interested in the confidential sale, acquisition or valuation of privately held mid-market companies. We have successfully managed and handled engagements across all industries and are recognized as a leading M&A advisory firm in the Midwest.
Contact Sun Acquisitions for more information at 773-243-1603.