Food Display And Food Counter Equipment Company Serving The Catering Trade Design, Manufacture & Supply Leasehold | | Undisclosed Relocatable | | Food Display and Food Counter Equipment Company Serving The Catering Trade -Design, Manufacture & Supply- Leasehold Ref.CH112 Location North Midlands Asking Price £385,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 51806
ADVERT IMPRESSIONS : 88,392 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Outside Catering | | SALE: | Agent Sale | LEASEHOLD: | £385000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
Turner Butler is delighted to be appointed as sole selling agents for this progressive and dynamic business opportunity which has never been brought to the market for sale before.
This is an excellent and exciting opportunity to purchase a relatively young and growing business which designs, manufactures and supplies a comprehensive range of specialist food display equipment in a vareity of materials to the catering/hospitality industry. In addition to supplying its own unique and innovative ranges the company also has exclusive UK rights for a leading European manufacturer. Furthermore they also offer a bespoke design service to identify and create the perfect solution for individual client needs.
The full range of equipment can cater for a whole host of applications including, all counter, confectionary, condiments, coffee bar, deli bar, hospitality, restaurant, cakes displays and snack trolley requirements.
The company is in a strong postion in that it has a truly diverse customer base and supplies not only key distributors but also the contract market and end users alike, many of whom are blue chip companies or large public sector bodies. It proudly boasts 5 of the most sort after accounts in the country as well as a distributor network that is growing all the time. It also undertakes some export such is the demand for its innovative food display equipment.
The company operates its business from a modern well equipped leased industrial unit which serves as their showroom, office and distribution hub. However, the trading and operating performance of this company would make them an ideal candidate for bolting on to an existing companys portfolio.
The business is profitable and easy to run with the simple business principle of providing a comprehensive range of quality and innovative in-stock products consistently and at a competitive price.
Equipment:
The company utilises Sage Accounting to run the business. It also has its own design package to allow for bespoke customer requirements. The showroom is fully equipped and the offices have a good level of pc and office equipment. The warehouse is suitably racked out. All fixture and fittings included within the sale price. The business also has a delivery van.
Customer Service:
The business considers that happy customers come back and on that simple basis has maintained levels of product and service quality intended to best guarantee that happiness. This company has earned an enviable reputation within its market sector for supplying quality products at competitive prices whilst maintaining a personal service with notable integrity. They deliver the job on time to the specifications demanded by their discerning customers. This complete service, from the first point of contact to project completion encompasses
1. Site visits
2. Client liaison on a national basis
3. Design consultation / Bespoke products
4. Computer assisted drawings
5. Production of working samples
6. Installation/ Maintenance of products
7. Company Delivery (generally via courier)
Key Strengths:
• Superb extensive range of unique and innovative quality products and services
• Excellent supply chain with exclusivity
• Reputation
• Market Presence
• Large and diverse customer base including network of official UK distributors, contract caterers and end users alike.
• Infrastructure (staff, working procedures, systems, website with customer log in facility, designs).
• Levels of customer service resulting in high levels of repeat business and referrals
The key reasoning for the company’s success to date, and why their clients stay with them year in and year out, is their constant ability to deliver a quality job on time, and at a competitive price as promised. The company deals regularly with a number of major players in the catering industry and has some of the most prestigious and sort after accounts in the country. It grows these accounts by bringing to market new and innovative products and designs on a regular basis offering their clients added value and superior quality.
The company has first class industry knowledge and they are regarded by their customers as experts in their field. The number of referrals that the company have received is testimony to this fact. They have the ability to work from a concept right through to delivery on contracts both large and small.
Growth and Expansion:
This is an all year round business with very little seasonal changes. However, there remains scope for a new owner with fresh energy and ideas to increase sales and bring in further turnover and profits. There is a good order book in place, which could be increased with further staff employed. Further resource would also enable the business to be more proactive with regards new business sales as it has a new range of products to market.. The business is currently enjoying good growth in terms of sales and new accounts and current financial data suggests the turnover for the next financial year will be nearer circa £600,000.
Key Opportunities:
This is an outstanding opportunity to build on the existing business levels and customer base of this company, backed by a strong reputation. With a strong demand for this business’s extensive array of products and services a new owner contributing fresh ideas and enthusiasm could certainly take this business forward though its next period of growth.
The business has recently revamped its suite of marketing material and brought out some very high quality new brochures with exciting new designs and products. This has also been mirrored on the internet with a new website that is interactive and highly informative. This marketing initiative is having a positive impact and the vendor is already seeing increased revenues.
Premises:
The business operates from a modern unit on a well known industrial estate. Total floor space is circa 3500 square feet comprising showroom ,offices, kitchen, toilets and warehouse. The site is leasehold. Current lease has just expired but a new owner would have the option to negotiate a new lease of relocate should they so. wish.
Business Hours:
Monday – Friday: 0830-1730
Security:
The site is highly secure. The premises has Redcare cover and the industrial estate also has its own security.
Advertising and Marketing:
In the past the business has undertaken a limited amount of advertising within trade press and attended a few exhibitions but at present does not feel the need to do so, relying on word of mouth recommendations and referrals to generate income. As already mentioned it does however have a new and impressive website which is already generating new business, as well as a suite of new high quality product brochures.
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.
The business has enjoyed good performance to date and the vendor has spent the last two years putting all the foundations in place for future success. This has included the development of exciting new ranges of products, new marketing material, strategic accounts development and investment in infrastructure. The business is now just starting to reap the rewards of this inward investment with increased sales and profitability.
Turnover for last financial year was circa £496,000 per annum. Resultant gross profits were circa £260,000. Current stock holding is in the region of £110,000. The vendor has worked hard over the last few years to increase gross margin and the latest figures are testament to that. Current financial data suggests this trend is set to continue this year with sales and margin both up (anticipated sales revenues circa £600,000).
Employees:
The vendor works full time within the business, predominantly on the sales and design side of things. He is ably assisted by a good team of full time staff that includes:
• External Salesman
• Internal Administrators/Account Managers
• On Site Manufacturing/Logistics Manager
• Warehouse trainee
Support and Training:
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading and is prepared to stay on f or a further period if so required subject to negotiation.
Reason for Sale:
The vendor is looking to move abroad to spend more time with family. | | | | | | FOR SALE | | | | | REFERENCE: | CH112 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
