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$37,000,000$14,300,000/EBITDA
Confectionery manufactorer

An established confectionery and chocolate manufacturing platform in Kazakhstan, positioned to serve growing domestic consumption and expanding export demand across Central Asia, Russia, China and other regional markets. The oppor ...

$37,000,000$14,300,000/EBITDA
$14,300,000
$15,000,000$2,600,000/EBITDA
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A portfolio of three natural oligomineral water sources with differentiated physico-chemical characteristics and potential for complementary product positioning. The portfolio comprises three anonymized water catchment units — A ...

$15,000,000$2,600,000/EBITDA
$2,600,000
€4,700,000€100,000/EBITDA
black caviar business for sale
Spain | Food & Beverage | L#20261132

The Company is an established, vertically integrated producer and global distributor of premium black caviar, controlling operations across sturgeon farming, specialized processing, and multi-channel international distribution. By ...

€4,700,000€100,000/EBITDA
€100,000
€5,500,000€500,000/EBITDA
Project Coffee Pod
Italy | Food & Beverage | L#20261040

An established Italian coffee producer with over 20 years of experience, specializing exclusively in the single-serve segment (pods and compatible capsules). The company has built a strong competitive position through a focused st ...

€5,500,000€500,000/EBITDA
€500,000
€9,000,000€168,000/EBITDA
Italy | Food & Beverage | L#20251059

The company active for more than 80 years and based in Central Italy, specializes in the cultivation, extraction, and bottling of medium mineral water. The production facility is company-owned and equipped with a PET plant, replac ...

€9,000,000€168,000/EBITDA
€168,000
$8,500,000TBD/EBITDA
Serbia | Food & Beverage | L#20240685

The Company just finished its investment cycle and now is seeking for a partner who will assist the domestic and international market penetration as well as development of new products. Serbian market began to consider the proper ...

$8,500,000TBD/EBITDA
TBD
property

Confectionery & Chocolate Manufacturing Platform

EBITDA

$14,300,000

Gross

$91,500,000

Price

$37,000,000
property

Natural Mineral Water Portfolio

EBITDA

$2,600,000

Gross

$21,200,000

Price

$15,000,000
property

Premium Black Caviar Producer

EBITDA

€100,000

Gross

€4,000,000

Price

€4,700,000
property

Established Italian Single-Serve Coffee Producer with Strong Retail Position

EBITDA

€500,000

Gross

€10,500,000

Price

€5,500,000
property

80-Year-Old High Quality Mineral Water Source & Bottling Facility

EBITDA

€168,000

Gross

€1,120,000

Price

€9,000,000
property

Bottled Water and Non-Alcoholic Beverages

EBITDA

TBD

Gross

TBD

Price

$8,500,000

Food & Beverage For Sale

Find a Full List of Business for Sale, Beverage for sale, Buy Sell Side, Mergers & Acquisitions, Established Businesses for Sale at MergersCorp M&A International

An established confectionery and chocolate manufacturing platform in Kazakhstan, positioned to serve growing domestic consumption and expanding export demand across Central Asia, Russia, China and other regional markets. The opportunity combines an established manufacturing base with access to locally available agricultural inputs, established distribution channels and potential for capacity expansion and product diversification.

KEY INVESTMENT HIGHLIGHTS

Established Manufacturing Base Operating confectionery and chocolate production platform
Diversified Product Portfolio Chocolate products, confectionery, bakery and flour-based products
Strategic Location Kazakhstan provides access to Central Asian, Russian and Chinese markets
Domestic Market Established consumption base with continued production and demand growth
Export Potential Growing exports of confectionery and chocolate products
Raw Material Access Local availability of wheat, sugar and other agricultural inputs
Expansion Potential Opportunity to increase production volumes and broaden the product portfolio
Investment Support Kazakhstan provides various industrial investment incentives, subject to eligibility

PLATFORM OVERVIEW

The platform operates within Kazakhstan’s confectionery and chocolate manufacturing sector, covering product categories including:

The underlying industry material identifies chocolate products under HS 1806 and bakery/confectionery products under HS 1905.

HS Code Product Category Product Description
1806 Chocolate & Cocoa Products Cocoa powder with added sugar or other sweeteners
1806 Chocolate & Cocoa Products Other prepared products in blocks, slabs or bars, weighing ≤ 2 kg
180631 Chocolate & Cocoa Products Chocolate and chocolate products, filled, in blocks, slabs or bars
180632 Chocolate & Cocoa Products Chocolate and chocolate products, without filling, in blocks, slabs or bars
180690 Chocolate & Cocoa Products Other chocolate products and prepared products containing cocoa, including candy, dragees, pastes, spreads, etc.
1905 Bakery & Confectionery Products Crispbread
190520 Bakery & Confectionery Products Ginger biscuits
190531 Bakery & Confectionery Products Sweet biscuits with cocoa
190532 Bakery & Confectionery Products Sweet biscuits other than with cocoa
190540 Bakery & Confectionery Products Rusks, toasts and similar products
190590 Bakery & Confectionery Products Other bakery and flour confectionery products, including waffles, cakes, pastries, muffins, gingerbread, etc.

MARKET OPPORTUNITY

Kazakhstan has an established confectionery manufacturing base and access to significant agricultural raw materials, including wheat, sugar and other ingredients used throughout the industry. The broader domestic confectionery market is estimated at approximately US$3–4 billion annually, with bakery and flour products representing approximately 55% and sweets/chocolate approximately 45%.

Production of confectionery and chocolate products has demonstrated growth, while exports have also expanded, supporting the opportunity for further regional market penetration.

REGIONAL EXPORT ACCESS

Kazakhstan’s geographic position provides access to several major consumption markets:

Russia | Uzbekistan | China | Kyrgyzstan | Mongolia

The industry materials also identify growing import demand across Central Asia, the Middle East and Asian markets, creating potential channels for additional export development.

RAW MATERIAL & COST BASE

Kazakhstan provides a meaningful agricultural raw-material base for confectionery manufacturing.

The country has substantial wheat cultivation and sugar-beet production, although the industry remains partly dependent on imported sugar due to domestic processing constraints.

This creates potential for further vertical integration and sourcing optimisation as domestic processing capacity develops.

VALUE-ADDED MANUFACTURING

The industry analysis highlights significant value creation through downstream processing.

Indicative value-added examples include:

Wheat → Flour → Flour Mix → Biscuits

with further value creation through higher-value products such as wafers and chocolate. The source material gives an indicative value of approximately US$7,088/t for chocolate, compared with approximately US$2,189/t for biscuits.

This supports the strategic rationale for expanding into higher-value branded and chocolate categories

Metric ($M) Base (Y0) Year 1 Year 2 Year 3 Year 4 Year 5
Total Volume (k MT) 25.0 28.0 33.0 38.0 40.0 40.0
— Chocolate Products (HS 1806) 7.5 9.2 12.2 15.6 17.6 18.0
— Bakery & Biscuits (HS 1905) 17.5 18.8 20.8 22.4 22.4 22.0
Gross Revenue $91.5 $106.4 $132.0 $159.6 $173.8 $180.8
Cost of Goods Sold (COGS) ($56.7) ($64.9) ($79.2) ($94.2) ($100.8) ($103.1)
Gross Profit $34.8 $41.5 $52.8 $65.4 $73.0 $77.7
Gross Margin (%) 38.0% 39.0% 40.0% 41.0% 42.0% 43.0%
SG&A & Regional Distribution ($16.5) ($18.6) ($22.4) ($26.3) ($27.8) ($28.9)
EBITDA $18.3 $22.9 $30.4 $39.1 $45.2 $48.8
EBITDA Margin (%) 20.0% 21.5% 23.0% 24.5% 26.0% 27.0%
D&A ($4.0) ($5.2) ($6.8) ($7.5) ($7.5) ($7.5)
EBIT $14.3 $17.7 $23.6 $31.6 $37.7 $41.3
Net Interest Expense ($1.2) ($1.5) ($1.3) ($1.0) ($0.6) ($0.3)
EBT $13.1 $16.2 $22.3 $30.6 $37.1 $41.0
Income Tax Provision (15%) ($2.0) ($2.4) ($3.3) ($4.6) ($5.6) ($6.2)
Net Income $11.1 $13.8 $19.0 $26.0 $31.5 $34.8
Informational & Illustrative Purpose Only: The preceding financial projections, valuation estimates, unit economics, and investment metrics (including EBITDA, IRR, MOIC, and Free Cash Flows) are prepared solely for illustrative, educational, and conceptual evaluation. They do not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to acquire any security, platform, asset, or equity interest in any jurisdiction.
No Advisory Relationship: This material does not constitute financial, investment, legal, tax, accounting, or regulatory advice. It has been prepared without regard to the specific investment objectives, financial situation, risk tolerance, or particular needs of any individual investor or corporate entity. You should consult independent legal counsel, certified public accountants, and qualified financial advisors prior to executing any transaction or committing capital.
Forward-Looking Statements & Model Sensitivity: Projections and forecasts are inherently speculative and subject to significant business, operational, and macroeconomic uncertainties. Actual operational outcomes, commodity prices (e.g., cocoa, sugar, wheat), packaging costs, currency exchange fluctuations (e.g., USD/KZT, USD/RUB, USD/CNY), logistics expenses, and capital expenditure requirements may differ materially from the modeled assumptions. Past performance and pro-forma targets provide no guarantee of future returns.
Regional & Geopolitical Risks: Operations within Kazakhstan and cross-border distribution across Central Asia, the Eurasian Economic Union (EAEU), China, and adjacent territories carry specific jurisdictional risks. These include, but are not limited to, trade policy adjustments, customs friction, foreign exchange controls, regional sanctions regimes, supply-chain interruptions, and regulatory shifts governing industrial incentives and special economic zones.
Absence of Warranties & Independent Verification: No representation, warranty, or undertaking—express or implied—is given as to the accuracy, completeness, or reasonableness of the underlying data, assumptions, or calculations. Market figures (e.g., domestic market size, export values, HS trade code realizations) are based on indicative industry estimates and have not been independently audited or verified.
Limitation of Liability: To the fullest extent permitted by applicable law, neither the author nor any affiliated parties accept any liability whatsoever for any direct, indirect, consequential, or incidental loss or damage arising from any use of, or reliance placed upon, the information, models, or projections presented herein.

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