Confectionary Manufacturerchocolate Lollipops Sugar Novelties Toffee | | Undisclosed Lancashire | | Confectionary Manufacturer -Chocolate, Lollipops, Sugar Novelties, Toffee Dummies, Easter Eggs- Ref.ED006 Location Lancashire Asking Price £145,000 plus stock at valuation (circa £3000) | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 45458
ADVERT IMPRESSIONS : 35,815 TIME(S) | | | | BUSINESS SECTOR: | Manufacturing / Engineering | | TRADE TYPE: | Food & Drink Manufacturing | | SALE: | Agent Sale | LEASEHOLD: | £145,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This highlty respected and established family business has been manufacturing confectionary products for some 40 years and in that time has built up a sterling reputation for supplying a wide range of high quality confectionary products to a diverse and loyal customer base throughout the UK.
The business has many years experience and provides a good range, usually having some 40 to 50 different products available at any one time. This can range from sugar based seaside novelties through to easter eggs or even totally bespoke items as per client requirements. All production is done in house and the business provides a complete turnkey solution including design, packaging and delivery.
The company has a large regular customer base with a good spread of clients. The majority of customers are either wholesalers or fellow manufacturers for whom this business will produce items for. The company also supplies a small number od retailers direct.
Equipment:
The business has a good level of infrastructure that enables it to provide a complete manufacturing solution for customers from initial design to production through to packaging and delivery. This includes all plant, equipment, machinery and moulds. All equipment is included within the sale price.
Customer Service:
Like in any business, customer care is key. The business prides itself on providing its customers with only the highest quality products on a consistent basis. This is done by working closely with both suppliers and customers alike. The business enjoys very high levels of repeat business. This level of customer service is backed up by impressive accreditations and practices the business has in place including ISO9001 (2000) quality assurance.
Key Strengths:
• Broad range of products that have really good taste
• Quality of staff
• Manufacturing capability with room for future expansion
• ISO9001 Accreditation
• Historical market presence
• Large market that has longevity and massive potential
• Unique recipes and product offerings
Growth and Expansion:
The business has enjoyed impressive growth over recent years and this trend is expected to continue. 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.
Key Opportunities:
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 including development of an internet presence and more use of IT within the business would have a significant impact on turnover and profitability, as would further development of fulfilment house potential. This business is ideally placed to take advantage of further significant growth potential.
Premises:
The premises are owned by the family’s pension scheme and the business rents the building. A new lease would be made available to a new owner. Alternatively the vendor may consider selling the freehold subject to negotiation. Current rent paid is circa £22,500 p.a. Rates are circa £9000 p.a. The premises are circa 5000 square feet and situated an a well known accessible business park, with large parking area. There is a reception area, front office, canteen, staff toilets and large production and warehouse facility. There is also the opportunity to put a mezzanine floor in should further space be required as the unit has high ceiling.
Business Hours:
Monday – Thursday: 0800-1700
Friday: 0800-1500
Advertising and Marketing:
The business does no advertising preferring to rely on word of mouth recommendations and referrals . It would benefit greatly from a more proactive approach to marketing including the development of an interactive website to enable e-commerce activity.
Financial profile:
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.
This well established business has enjoyed good growth over recent years. Turnover for last financial year was circa £212,000. Gross Profits circa £135,000. Net Profits available to owners circa £54,000. The business has a good level of plant and equipment all included within the sale price. There is also the option to purchase the freehold should a new owner so require, subject to negotiation.
Employees:
Two family members currently run the business(one on a part time basis the other full time). The business employs the following personnel.
4 Off- Full Time Production/Packing Personnel
1 Off- Part Time Driver
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.
Reason for Sale:
Personal reasons/ Retirement. | | | | | | FOR SALE | | | | | REFERENCE: | ED006 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
