The Peanut King

Business Opportunity for Sale
Catylist Listing ID: 29769951
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $699,000
Name of Establishment: The Peanut King
Business Website Address: www.thepeanutking.com
Franchise Parent Name: None
Year Business Established: 1957
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Relocatable Business: Yes
Sale Terms: Business and Real Estate.
Last Updated: 11/16/2017

Overview / Comments

This successful business has been in operation since 1957. For over 45 years The Peanut King has supplied his amazing products all over the United States. The Peanut King (Mr Green) has developed secret formulas for roasting peanuts and popcorn that consumers can not get enough of. His products have been given in decorative tins, by Fortune 500 Companies and in vending machines all over Indiana for as little as a nickle. You could try his products in some local groceries or in convenience stores. He also has created a recipe for a concentrated sno cone flavoring that is used by several large convenience stores. His brand is trademarked as well as his web site and company name. The Peanut King wants someone to carry on his legacy. He will stay on for up to 6 months to help the new owner become successful. For the last 5 years The Peanut King has not marketed his product and sells to past customers that call him. Huge potential for additional business by just calling on his current customers. He is ready to step aside and share his success with the right buyer. it's not about price, it's about quality. The peanut king Has based his whole business philosophy on this basic principal. Are you the right quality owner to carry on his line. His two most trusted employees have been with him over 35 years and want to remain with the company. This business includes all of the equipment and over 12,000 accounts that The Peanut King has done business with. This business could explode with the right owner. The biggest month for the business is December. His gift tins are given as holiday gifts by several large companies. The Indianapolis Motor Speedway is just one of his clients.
The real estate consists of 3 large buildings and 3 lots for parking and storage. Building 1 hold his retail line of branded pop corn poppers and the company offices. The upstairs is like walking back in time. He has a museum with articles form as far back as The Civil War. Popcorn Poppers form the 20s, when popcorn was a nickle a bag.
Building 2 is is where it all begins.
You are greeted by the heavenly aroma of roasting peanuts and popcorn. Have you ever tried peanuts right out of the roaster. They are so fresh it feels like they are melting in your mouth. So many kinds of nuts with different all natural flavorings and spices. My favorite is the Crispy Rice Peanut Mix. Very spicey and addicting. The quality and love is shown in every bite and that what his 12,000 customers have come to love.
This is a profitable business with everything ready for you. Quality product, huge customer following, loyal employees, Trademarks, secret recipes, website, domain name, phone number and an owner who is leaving his name and who is willing to help you become successful.
Call me and I will send you a bag of nuts for no charge. When you taste the product you will taste the love he puts in every batch. QUALITY SELLS. For more information about The Peanut Kings businesses read the attached article from The Indianapolis Business Journal April 2009 "Nuts About Business. He also will include with this price his successful restaurant supply and equipment business. His E bay business has sold over 1,200,000.00 in equipment with 3900 customers on E bay with 100% positive feedback. His feedback score on E bay puts him it the top rated 1%. He has also been on Angie's List since 2008 Please do not discuss anything relating to business with any employees. More information upon request with a signed confidentiality statement.

Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Marion
Industry Segment: Other Food and Beverage
Reason for Selling: Owner retiring and wants the new owner to be successful. Owner will stay on for up to 6 months to train buyer. This is a labor of love for Mr Green. Read the attached article from The Indianapolis Business Journal. He has been supplying his product all over the United States.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $300,000
Real Estate Lease Description: 4 Buildings 1807, 1817,1821, 1827 South Meridian 3 parking and storage lots 14, 18, 22 East Adler
Employee/Labor Description: Has 2 employees with over 35 years experience.
Mgmt/Training Support Description: Owner will stay on thru Christmas Rush.
Growth/Expansion Opportunities: 12,000 past customers to contact and utilize.
Seller Financing Description: Owner will consider a Land Contract for Real Estate with purchase of Business.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,563 107,916 284,976
Median Age: 33.79 32.59 34.38
Households: 5,267 42,303 112,961

Contact

Photograph of Listing Agent

Michael Wyatt

Advisors Commercial Real Estate, LLC
ICREX Member
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