Alaska Wild Berry Products/Huge Price Reduction

Price: $3,500,000

Location: Anchorage

Industry: Manufacturing and Retail Sales

The offering is the Alaska Wild Berry Products property and business located at 5225 Juneau Street in Anchorage, Alaska.  Alaska Wild Berry Products has been the state’s leader in manufacturing jams, jellies, syrups and chocolate products which have delighted Alaskans, tourists and dedicated customers worldwide.   The Wild Berry Chocolate Factory has some of the state’s most delicious chocolates including jelly center chocolates, fudge and Fireweed jelly.  There is also a gift shop that sells a variety of Alaskan made products like Jams, Jellies, Salmon Treats and Meats, Ulu’s, Ornate Wooden Bowls, and Alaska featured Apparel.  The building was designed around the business requirements and laid out to meet the most efficient production process.  The facility has an open flow for retail customers, plus two viewing areas for the customers to view the production process.  It also has excellent parking and plenty of room for expansion.

Alaska Wild Berry

Listing Details

Total Sales: $3,563,772

(Included in Price)

Real Estate: $4,050,000 (Included in Price)

Reason For Sale:

Retiring

Training & Support:

Fully staffed employees wanting to remain after the sale.

Operation

Year Established: 1946

Days & Hours of Operation: 8am to 6pm

Employees: 30 to 40

Managers: Yes

Location

Square Footage: 30,540

Facilities Information:

The interior finish of the primary structure is fairly typical of good quality retail and office space. Ceilings are vaulted, exposed and painted metal beam system. Wall are a stained wood paneling in the retail areas, painted drywall in the processing and warehouse area.
Retail: 5,500 sf
Office: 800 sf
Kitchen: 4,000 sf
Mezzanine: 5,650 sf
Warehouse: 14,590 sf

Summary

Historical Summary:

The property was a ‘built to suit” for Alaska Wild Berry Products.  The main structure was originally built in 1994 and has a warehouse addition completed in 2003.  The building is wood frame and concrete block foundation.

Competition:

Alaska Wild Berry has very little or no completion at this time.

Potential Growth:

Business has potential growth in many areas.  Online and Amazon marketing would increase the sales, plus adding additional Alaska made products by Alaska Natives and locals would increase sales.

Financing/Terms:

Seller is looking to be cashed out, so a buyer would need to find new financing.