Manufacturer of Specialty Flattop Grills for Professional Chefs

Invest in an American manufacturer of a specialty appliance that has gained popularity in professional and presentation kitchens
The Business
Since 2001, the Company has produced a full line of American-made, patented and exceptionally energy-efficient gas and electric circular flattop cooking grills that have become popular with professional chefs. Chefs favor the versatility of these appliances and the ability to use them for presentation cooking. These flattop grills are available in six models: for gas and electric, and for indoor and outdoor use. The Company’s unique product revolutionized the time-honored technique of cast iron pan cooking. The Company sells its products through specialized dealers, which now numbers over 100 retail stores.

The Company’s products have found wide acceptance with industry leaders in foodservice from hotels to corporate dining, grocers to college dining halls, stadiums to commercial caterers. The Company’s core technology allows it to create line extensions that include fixed and portable display cooking solutions. The Company has now developed a concept for a very inexpensive cooking unit that would allow the Company to reach an entirely new segment of users in residential and commercial markets.

Market
More than 15 million grills are sold annually in the United States alone. The Company’s respected position in the professional market has now attracted the major players in the foodservice management arena where the top four firms, now customers of the Company, command a large share of the market.

To date, the Company has self-funded its substantial product development and intellectual property costs, as well as invested in forming strategic relationships. The shareholders are seeking additional investment that would fund faster expansion of its proven products in commercial markets including current multi-million dollar projects with well-known food and hospitality businesses.

Sector: Light Manufacturing
Segment: Commercial Cooking Appliances
Region: North America
Financing Size: $1m to $5m
Contact: Alexander Aginsky
Company: Aginsky Consulting
Telephone: +1 503 546 4049
Email: [email protected]