1960s–1970s
Health Nut
Dr. Bud Keith, a nutritionist and vice president of fitness pioneer Jack LaLanne’s company, opens a juice bar and gym, Health House, in Mission Beach. Membership cost 50 cents a month.
1980s
Cooking It Up
Bud marries Barbara, and the eldest children, Bill and Leigh, are born. Bud tries to get the kids to eat his whole-food supplements and protein powder, but they hate it. When he hides them in a homemade protein bar with ground nut butter, honey, and dried fruits and veggies, they ask for seconds. One day he’s particularly proud of a batch and says, “It’s perfect.” The word sticks. Free of preservatives, they must be refrigerated for the longest shelf life.
1980s-1990s
Hitting the Road
Bud lectures on health and fitness at universities around the country. His wife and children join him on the road in a bus-turned-motorhome. “We would come up onstage and sing; we were his sideshow,” says cofounder Bill Keith. The growing family snacks on the protein bars while on the go.
1995
Family Business
Bill, 12, and Leigh, 10, sell the bars door-to-door for extra money. “Everyone we gave the bars to said, ‘This tastes delicious; you should sell it in grocery stores,’” Bill says. They raise $1,700 on their own and pay for a family trip to Disneyland.
2000
Growing up
Bud buys a small bed and breakfast in Willow Creek, California, and the family settles there. There are now 13 children in the Keith family. Bill says, “It was such a tiny little town that when we left, they had to change the population sign.”
Early 2000s
Tough Times
Bud is diagnosed with skin cancer that rapidly progresses. He can no longer lecture or go on tour. “There were mounting bills. We were going to lose our property and have to move to a rental,” Bill says.
2004
New ideas
Bill presents a plan in his college business class to produce and market his father’s protein bars. His professor says a refrigerated bar doesn’t make sense.
“There were mounting bills. We were going to lose our property and have to move to a rental.”
Fall 2004
Focusing In
The Keith family sells the bed and breakfast, which had $100,000 in equity. Bill and Leigh move to Sacramento and plan to use the money to start a family business called Perfect Foods Bar.
Winter 2005
Home for Good
Bud’s health is worsening. Bill and Leigh relocate their parents and siblings back to San Diego so he can be near the coast.
Spring 2005
Back to Basics
$60,000 from the sale of the bed and breakfast is used to buy a packaging machine. Bill and Leigh, now 22 and 19 years old, make the bars in their small kitchen, using rolling pins and cutting them with a knife. They do demonstrations in stores and pass out samples.
May 2005
Picking up the Pace
Perfect Foods Bar picks up distribution in select Jimbo’s stores and officially launches with one flavor: peanut butter. Four siblings become involved in the business and hire three employees.
Early 2006
On the Road Again
Bill travels around California, doing demonstrations at grocery stores. Unable to afford hotels, he sleeps in his car and showers at gyms.
Summer 2006
A Big Break
“They said we could have five Whole Foods, for 90 days,” Leigh says. The peanut butter bar sells so well during the trial period that Whole Foods agrees to place it in 10 additional stores in California.
2006–2007
Growing Pains
Despite getting into Whole Foods, the Keiths are $200,000 in debt and debate closing the business.
2007
Getting Close
Bill and Leigh move to their mother’s home in San Diego. Bill shares the garage with three brothers; Leigh shares a bedroom with four sisters. The family sets up production in a plant in Santee.
2008
Road Trip
Bill rents a van and travels for six weeks to get national distribution. He sleeps on top of a chest freezer in the back of the van. He successfully expands Perfect Bar to the East Coast.
“We didn’t want to get soft because we got some money into our company.”
2009
New Digs
The company upgrades to a 30,000-square-foot manufacturing plant in Sorrento Valley.
2009
A Founder’s Legacy
Bud Keith passes away. Bill and Leigh say they feel fortunate their father got to see his legacy start to take off before his death.
2010
Rapid Expansion
Another sibling joins the company; 25 employees are hired. The product line expands to five flavors and secures distribution in all 50 states.
2014
Perfecting the Product
Perfect Foods Bar is renamed and relaunched as Perfect Bar at Natural Products Expo West. The product is still hand-rolled.
2015
Investing in the Future
The family receives private equity from VMG Partners. The cash helps them hire executives from General Mills, Udi’s, and Kashi. “We didn’t want to get soft because we got some money into our company,” Leigh says. “We still want our employees to feel that hustle.” There are now seven bars in the line.
2016
Big Hits
Perfect Bar is featured in O, The Oprah Magazine and Us Weekly, and gets a shout-out from Julianne Hough in New York magazine’s The Cut.
Fall 2016
The Big Time
The company relocates to a new 9,000-square-foot headquarters in Sorrento Valley, near the manufacturing plant. They add 7,000 more retail locations.
2017
Still Striving
Perfect Bar is now sold in 12,000 retail locations nationwide. Eight siblings and 100 employees now work for the company. Leigh is looking to add more employee benefits at the new headquarters, hoping to one day offer on-site childcare.
Tags: Business, Perfect Bar, Startups