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BUSINESS REFERENCE : ED001 / RightBiz NOVELTY CONFECTIONARY PRODUCTS (MANUFACTURER & DISTRIBUTOR). | | | | | | Novelty Confectionary Products (Manufacturer & Distributor). Confidentially offered for sale. Ref No:ED001 Location: Midlands Asking Price £349,000 | | | BUSINESS LOCATION: | Undisclosed West Midlands UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £349000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This niche business started life as a partnership in 1989 and then established itself as a Limited Company by the same name in 2002. The business is a specialist Novelty Confectionery producer that is now widely acknowledged as an industry leader with an enviable reputation.
Using only the finest quality ingredients, this business boast amongst it customer base some of the largest UK based supermarket chains. This business is experiencing continuing growth, fuelled by its dedication to quality ingredients, the quality of its products and its high levels of customer service. This business offers a very personal and courteous service, with customer satisfaction – not only of its Clients but also its product consumers. To this end, perhaps the greatest asset of this business is its workforce – an excellent team, highly skilled and dedicated, consisting of a number of members of staff that have been with the business for many years – and all committed to making only the very best products and meeting the specific requirements of each and every customer order. The range of novelty cake decorations are manufactured, decorated, boxed and labelled in house allowing the supermarket chain clients to simply collect and shelf fill. All products destined for the resale market are labelled with ingredients and sell by dates.
Key Strengths:
Built on solid foundations and prudent management, this company has an excellent reputation for quality and service. This business is particularly renowned for its order fulfilment reliability. This business has an experienced, dedicated and loyal workforce with a highly skilled second tier of management that has enabled the current Owner to take a back seat in the day-to-day management of the business. This business thrives on constant repeat orders!
Key Opportunities:
There is an outstanding opportunity to build on the existing business levels and customer base of this business. With a strong demand for this business's products, combined with a capacity to increase turnover, a new owner contributing fresh ideas, will have every advantage of building on an excellent platform. particularly in the areas of business development, advertising and marketing.
Although the business does pick up new clients as a result of its excellent Industry recognised reputation, the current owner has not been particularly pro-active in this area. A dedicated sales resource, supported by marketing initiatives would have a significant impact on turnover and profitability. This business is ideally placed to take advantage of further significant growth potential. This business has little in the way of competent and quality product producing competitors.
Employees:
The company currently has a staff compliment of eight, and provides a friendly working environment for its employees, working as a team, treating each other with trust and respect; the team of eight staff are the source of the business strength ensuring strict quality control. Additional casual staff are also readily available as and when needed from the nearby large highly populated residential areas. Six full times staff plus two owners .
Premises:
This business operates from a modern industrial air conditioned unit of approximately 1,400 square feet with mezzanine, office and storage space. The business continues to operate from these premises which it has rented since 2000. Situated on a vibrant and popular industrial estate the unit benefits from easy vehicle access, ample parking and is ideally located for easy motorway access throughout the Midlands.
The annual rent is circa £11,500 per annum and the option of a new lease will be made available to the new owner.
Business Hours:
Business hours are undemanding and have remained constant as, Monday – Friday, 9am – 5pm.
Security:
The Premises are fully self contained, fully alarmed and secure.
Financial Information:
This business is financially stable with no borrowings, low overheads, positive cash flow, no debtors, enjoys a Strong Order Book, high gross and high net profit and has shown consistent strong growth in profits and is being sold on an ongoing basis with all fixtures, fittings, machinery and equipment. Full financial information will be made available under the auspices of Turner Butler and subject to the usual non-disclosure documentation being completed. The business turns over circa £325,,000 with a net profit of circa £80,000.
Reason for Sale:
This is a genuine retirement sale!
Support and Training
The current owners have established a superb customer base and are willing to assist the new buyer in whatever way they can to ensure a seamless transition for both the owner and his clients. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | ED001 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
