I'm looking at a business in the food manufacturing space, the majority of their sales come from their own retail locations. I'm liking what I see in this business, but one thing that I'm mulling over is the company's limited operating history. It has been operating for 3 years. The revenues have been stable/growing in that time, and company has been profitable each year. How concerned should I be, and what can I do to ensure that the business is durable?
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Side note - how well are they vetting you as a potential operator? If they're planning on relying on you to be their supplier, I would hope they have confidence in your ability to maintain the supplies they need.
Good luck!