02 Jan Acquiring Minds: Why Buy a Food Product Business | Pat Lazure Interview
What type of business produces a physical product; outsources manufacturing; requires no equipment, no capex; doesn’t carry inventory; and can be run by a single individual, and from anywhere…? No, I’m not thinking of a dropshipping or Amazon FBA business. I’m thinking of Flavor-Crisp, the business acquired by today’s guest Pat Lazure. Flavor-Crisp is a breading and batter mix used by restaurants for their fried dishes like fried chicken & fish — and there’s so much more to love about it. It’s 63 years old. It was run by a single person. Customer relationships are measured in decades. You can see why Pat fell in love with it, and pursued the previous owner for a couple years.