Apple Spice of Minneapolis, Minnesota Sold to an Individual Investor

Minneapolis, MN

has been acquired by an

Individual Investor

Minneapolis, MN

Served as M&A Advisor to
Apple Spice

Small Business Deal Advisors is excited to announce the acquisition of Apple Spice of Minneapolis, Minnesota to an individual investor!

Apple Spice is a premier catering franchise that specializes in providing individually packaged meal options. The Company offers lunch delivery services, corporate catering, dessert catering, breakfast catering, and sandwich delivery. Apple Spice services corporate events, educational systems, government agencies, and more.

Apple Spice of Minneapolis, Minnesota was founded in 2017 by Mike and Tammy Welch. Looking to transition into retirement, Mike and Tammy engaged Small Business Deal Advisors to assist in the sale of the franchise. The Company was acquired by an individual investor, Yee Yang.  

“Growing Apple Spice into the success it is today was a very fulfilling experience. Yee and his wife are well-suited to take over and I look forward to seeing them continue growing the business,” stated Mike Welch. 

Doug Yntema, Mergers and Acquisitions Advisor at Small Business Deal Advisors, was the lead advisor on the transaction. 

Doug Yntema stated, “Mike and Tammy have done a fantastic job establishing Apple Spice of Minneapolis over the last five years. I’m happy to have assisted Mike Welch in finding a suitable buyer for the Company. He can now enter his well deserved retirement.” 

Small Business Deal Advisors advised Apple Spice of Minneapolis, Minnesota on the sale through the development of marketing materials, comprehensive marketing of the acquisition opportunity, and consulting through the negotiation, due diligence, and closing periods. 

The terms of the transaction were not disclosed.

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