Niche Food Machinery Supplier Annual Sales | | Undisclosed West Midlands | | WEST MIDLANDS NICHE FOOD MACHINERY SUPPLIER WITH HIGH TURNOVER OF £600,000pa Located close to motorway network in industrial estate - provides machinery & repair & service facility A/T; £591,500 GP:£228,600 Scope to increase core area beyond West Midlands | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 49786
ADVERT IMPRESSIONS : 13,444 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £295000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | The business is ideally located on a medium sized industrial estate, situated in the West Midlands which is its core sales area.
It is situated close to the motorway network and is consequently well located for deliveries and transportation purposes. There is ample parking in front of the premises and around the estate.
THE BUSINESS
Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established and profitable food equipment supplier business.
Founded over 23 years ago, the business is only now being reluctantly offered for sale as he wishes to retire.
The business has an excellent national reputation, although circa 70% of turnover is in its core area of the Midlands.
It offers just about every aspect of food production machinery including:
• Vacuum packing
• Thermoforming
• Mincing
• Bandsaws
• Ovens
• Cold rooms
• Graders
• Grinders
• Mixers
• Dicers
• Slicers
• Scales
• Injectors
• Marinating
• Flaking
• De-rinding
• Stringing
• Much more
The range of machinery can be supplied as either new or refurbished.
The business also has a repair and service facility and has spare parts in stock in case of urgent needs.
There is a good spread of customers with no over reliance on any single one.
Advertising is very minimal and the business relies on its web site and word of mouth referrals from other satisfied customers to generate sales. Also, attending trade exhibitions increases market awareness leading to increased sales.
The business has 5 full time employees including the 2 vendors. In the year to October 2009, they achieved annual sales of £591,544 with a gross profit of £228,610.
The vendors are prepared to work with a new owner to ensure a smooth transition and to give the necessary introductions to both staff and customers.
We are advised that stock at cost is approximately £30,000.
TRADING HOURS
Mon-Fri: 8am – 5pm
EXPANSION POTENTIAL
This is already a successful business. It does however, still offer good potential to increase both sales and profits by:
1. Increasing its core activity area beyond the Midlands and appoint another service engineer to manage the extra workload
2. Revamp the web site
3. Take on a specific agency
4. Be more aggressive with its pricing policy
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Annual sales: £591,544
Gross Profit: £228,610
Adj. Net Profit: TBC
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES
The business operates from spacious premises which briefly comprise:
Ground Floor
• Ground floor mid terraced lock up premises, centre entry door
• Large office with ladies and gents w/c at the rear
• Second office with kitchen area at the rear
• Showroom with examples of the smaller items for sale
• Large side work shop with roller shutter doors to allow for loading and unloading
• Mezzanine area above the offices and showroom for storage of spares
• Rear fire exit
The premises are fully alarmed and there is CCTV on the whole industrial estate with gated security in operation.
LEGAL COSTS:
Each party is responsible for their own legal costs.
VIEWING:
By appointment with the agent only
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9672B / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
