The owner of Chip's Chocolate Factory in Kansas City used an SBA-guaranteed loan to buy the business five years ago. They make 95-98% of their retail items in-house, with their trademarked Kansas City Fudge as the flagship product. The company just hit its 30th year in business.
Questions this video answers
About five years ago.
30 years.
About 95% to 98%.
Chapters
We think our business is the sweetest place in Kansas City. We acquired our business through following an extensive search with a business broker and ultimately deciding upon doing something that we knew we could have passion and have a lot of joy with. We ultimately decided on purchasing this business because it spoke to our heart, spoke to our taste buds. We ultimately made the step forward with our business broker and did that about five years ago and have never looked back. Our business broker and us. We decided to purchase the business through a loan that was guaranteed by the Small Business Administration. And we did so because going into business, we knew that we wanted as many good, solid experts on our team as possible, and we felt that the SBA was a source of expertise like none other. So we pursued that loan, felt that it was a solid, responsible way to go into business, and very, very happy that we did so. We are really pleased to be able to say that this is our 30th year of doing business. We understand that not a lot of people can share success. We're very proud that we can. What we do is we are in the business of making people smile and making people happy. We do that by chocolate and other confectionary goods. We sell what we sell. Rather, we make about 95 to 98% of the items that we sell in our retail store. We make everything from chocolates to chocolate kinds of candy to cotton candy, caramel apples. You name it, it covers the GAM. Our core product, though, and what we started on 30 years ago is a product that we have trademarked and copyrighted is our Kansas City Fudge. And that is our. That's the meat of our business. That's the core of what we do, and it's the core of really what people like to come watch us do. More. So when we come in contact with people who ask us, how did you go into business and what avenue did you pursue? The first thing I always tell them is, if you're not using the Small Business Administration, you need to stop, go to the Small Business Administration and restart.
