Headquartered in Hayward, California, Raybern’s frozen sandwiches are sold throughout the US by Walmart, Sam’s Club & Costco. The 30 year old company makes the best selling Philly cheesesteak sandwich in the U.S. as well as 10 other delicious sandwiches. Raybern’s is owned by the private equity fund TSG Consumer Partners.
The combination of a growing company and an aging plant created the need for either expanding or relocating their manufacturing facilities. Raybern’s engaged with Maven to help them build the business case for moving the plant and to narrow down the choices of where the new plant would be located.
Maven worked with the Raybern’s team to develop a financial model that would evaluate the economics of either expanding their current facility or relocating the plant to one of several options in the Midwest. The economic analysis included changes to their transportation costs, raw materials costs, labor rates & utility costs. The model also accounted for differences in capital costs and economic development incentives across the different scenarios. The final output of the project was a board presentation recommending the relocation of the plant to one of the new locations evaluated.