Mel Gilson
Napa, CA (USA)
Role(s):
A Pear
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Startup
Location:
Napa
Industry:
Manufacturing
Year Founded:
2004
Number Employees:
INVALID
Description:
- Specialty food processor - Gourmet foods - Jams, jellies, marinades, sauces, salad dressings
- Company is 4 years old.
- Currently has national distribution in about 25 states
- Annual sales average $700k
- Fixed overhead under $40K. Can double sales without increasing overhead.
- Need working capital to expand channels of distribution. and to grow sales with current distributors.
- Specialty foods is a multi-billion dollar industry.
- There's plenty of room for our products. Stores and customers like our products.
- Company has the potential to grow to $5 million in the next 3 to 5 years.
- Gross profit margins over 35%. They will get better as the sales volume grows and we get better economics of scale.