Profitable Consumer Packaged Goods Company

THE COMPANY Mendocino Foods, Inc. is a privately held corporation in business since 2015, when it acquired the assets of Mendocino Mustard, Inc. (established 1977). The company is profitable, and owns its machinery outright, and is debt-free. The production facility is leased with favorable terms. Currently, the company is owned and operated by a husband-and-wife team with help from two part-time employees. Mendocino Foods, Inc. has implemented strict processes and procedures to control quality and improve food safety: evidenced by a score of 950/1000 on a recent 3rd party Good Manufacturing Practices inspection. THE PRODUCT Hot & Sweet mustard is Kosher certified and has been sold since 1977. It is sold in a retail 9 oz. glass jar and a one-gallon plastic foodservice jar. Previous awards won include a Gold and a Silver Medal at the Napa Valley World-Wide Mustard Competition and a 1st Place at the Food Distributor Magazine’s Mustard Competition. Location: Fort Bragg, California Year Established: 2015 Number of Employees: 4 Facilities: All equipment, including three new Hobart mixers and one new Universal jar labelling machine and one new Hobart commercial dishwasher are owned. Partial asset list: 1 pallet jack, 1 straddle stacker, 1 filling machine, 3 mixers , 2 labeling machines, 1 capping machine, and 1 commercial dishwasher. Website: www.mendocinomustard.com Market Outlook/ Competition: Hot & Sweet is a very strong regional brand, with the majority of our consumers living in Northern California. Hot & Sweet is sold in Safeway, Whole Foods, and Raley’s as well as most of the many independent, regionally and locally owned grocery stores. In addition, gallon jars are sold to restaurants (including Mendocino Farms) directly as well as through distributor channels. Growth & Expansion: The easiest path forward is to simply sell Hot & Sweet to existing stores within Northern California using a combination of social media and in-store tastings. A creative type could use Hot & Sweet as a stepping stone for new flavors and varieties like making the switch to organic. A production-averse individual could focus solely on sales and contract with an outside co-packer. The good news is whatever path the new owner takes, Mendocino Mustard has an strong following and many distribution outlets.