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BUSINESS REFERENCE : AF062 / RightBiz AF062-TYNE AND WEAR -£385,000-SUPPLIER OF REFRIGERATION AND CATERING EQUIPMENT TO THE RETAIL AND CATERING TRADE | | | | | | Supplier of Refrigeration and Catering Equipment to the Retail and Catering Trade Confidentially offered for sale Ref No: AF062 Location: Tyne and Wear Asking price: £385,000 | | | BUSINESS LOCATION: | Undisclosed Tyne and Wear UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SELLER: | Agent Sale | LEASEHOLD: | £385000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
First established over 15yrs ago, this long running business specialises in the supply of Refrigeration and Catering Equipment.
Including:
Hot Food Serverys
Potato Ovens
Slush, Ice cream, and Milk shake machines
Orange Juice Machines
Coffee Machines
Refrigeration
Countertop Sandwich Displays
Ice cream freezers
Glass Door Freezers
Under Counter Fridges
Salad Bars and Topping shelves
Chest Freezers
Refrigerated Cooling Tables
Single Door Fridges
Double Door Fridges
Upright Freezers
Bottle Coolers and Wine Coolers
Pizza prep stations and saladettes
Serve Overs
Dairy Cabinets
Gateau displays
Fish Fridges
Icemakers
Patisseries
Catering Equipment
Hot Dog Machines
Mincers
Fly Killers
Soup Kettles
Nacho Machines
Pie Warmers
Chip Scuttles
Hob Combination Units
Kebab Machines
Hob Units
Water Boilers
Electric Fryers
Gas Fryers
Dry Bain Maries
Wet Bain Maries
Electric Griddles
Gas Griddles Panini / Other
Contact Grills
Electric Salamander Grills
Gas Salamanders
Toasted Sandwich / Pizza Grills
Char grills
Gas Ovens
Electric Ovens
Lamp Units
Microwaves
Pizza Ovens
Convection Ovens
Chicken Rotisseries
Plate Warmers
Hot Cupboards
Mobile Bain Maries
Carvery Units
Slicers
Veg Prep Machines
Chippers
Peelers
Dough Mixers
Batter Mixers
Glass and Dish Washers
Glass washers
Dishwashers
Pizza Shop
Dough Mixers
Prep Stations
Pizza Ovens
All products are available with a three yeas Manufactures guarantee and are dispatched immediately upon receipt of order.
The business works extremely hard at building relationships, enabling it to determine the specific needs and objectives of customers. By listening and learning, the business believes that it provides unique and creative solutions that offer value for money and exceed customers' expectations.
By delivering total customer satisfaction, the business achieves its own objectives of building customer loyalty and gaining positive referrals.
Key Strengths:
The business continues to grow as a direct result of its excellent relationship with clients. The company has held contracts with various companies for many years and offers a very personal service. Word of mouth recommendation has ensured that the business has maintained an impressive base of satisfied repeat accounts and clientele, while continuing to attract both new referrals and customers.
The business services many clients each week, and has forged strong links with some very high profile clients, who have put their trust in the company due to their genuine commitment to serving client needs.
· Licensed Credit Broker
· Leasing Available
· Specialists In New Business Leasing
· Over 95% Of Our Business Comes From Recommendations
· All Credit Cards Welcome
· One Year Guarantee On All Parts
· 3 Years Parts And Labour On Certain Models
· Extended Warranties Available
· Lines Open For Telephone Sales 9am - 9pm Monday To Friday
9am To 12.30pm Saturday
· Positive Cash Flow
· No business debts
· Excellent position and location
· Long established
· Product range
· Superior quality products
· Well- established client base
· Clients provided with complete service
· Delivery of flexible, first class service
· Excellent reputation for quality, technical knowledge and service
· Unsurpassed value for money
· Well known by local people
· Provides independent professional advice
· Very high margins
· Very well established business providing high customer service levels
· High level of self sufficiency giving competitive pricing and fast turnaround
Customer Service:
The business is well established and very profitable, with a strong and growing customer base, retaining a high level of return custom; a great many of whom having done so on a regular basis and for many years.
The company has earned an outstanding reputation for its honesty, service, reliability, casual and open customer experience, excellent quality and highly knowledgeable and experienced staff.
Clients
This business has achieved a recognised name through supplying a range of products to an increasing customer base that is growing stronger and broader on a daily basis. There has been steady growth since the commencement of the business, and in an increasingly competitive market, this business is the ideal resource for in-demand products for which the market outlook is positive.
Key Opportunities:
With a good database of quality customers, this is an excellent business opportunity. Sales continue to grow and there is great potential for someone prepared to put in the time to make this highly regarded business even better
With a strong demand for products and capacity to increase turnover, a new owner would contribute fresh marketing ideas and outside influence to build on an excellent base.
This business has an excellent reputation with every effort made in order to satisfy customer's requirements.
Advertising and Marketing:
Most of the business's turnover is generated through the current existing satisfied client base and word of mouth recommendation; the business has surpassed growth expectations bearing testimony to the excellent reputation it has built up since inception.
An immense opportunity exists to build on this businesses reputation and implement more assertive methods of advertising to expose the business to even greater markets. Various methods could be used in this regard, including the local press, a direst sales force, trade exhibitions, leaflets, brochures, direct mail or a telesales initiative.
The company does have a web presence, which is a valuable asset. There is no doubt that turnover and profits could increase massively by making further use of this medium.
Adding a dedicated sales team would ensure growth and expansion at a high volume and profitable return.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The current turnover is in excess of £420,000 per annum with a gross profit of circa £265,000, with an adjusted net profit of circa £112,000.
Premises
The business operates from a rented office in a modern office building and is fully relocatable.
Reason for Sale:
A stage has been reached where the owners wish to reduce their working hours and plan to retire within the near future.
Support & Training
The owner will provide full business familiarisation, training and handover and is offering the business for sale not only as an organically expanding going concern but also with further significant growth potential. | | | | | CONTACT: | TURNER BUTLER | | TELEPHONE: | 01895 25 6000 | | REFERENCE: | AF062 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
