Nutritional Snacks Manufacturer With Blue Chip Client Base | | Undisclosed Lincolnshire | | EAST MIDLANDS NUTRITIONAL SNACKS MANUFACTURER WITH BLUE CHIP CLIENT BASE Circa 8,400 sq ft detached premises 120 strong c/m base with 95% from blue chip co Bespoke product range with ltd competition A/T: £964,203 EBITDA £155,000 Scope to extend c/m L/H: £800,000 +SAV REF: 1069NG | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64116
ADVERT IMPRESSIONS : 15,786 TIME(S) | | | | BUSINESS SECTOR: | Manufacturing / Engineering | | TRADE TYPE: | Food & Drink Manufacturing | | SALE: | Agent Sale | LEASEHOLD: | £800000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | HISTORY
• The company is being offered on a share sale basis
• The two Directors started the company together in 2002
DIRECTOR ROLES
• Sales/financial (Director 1)
• Production over view (Director 2)
REASON FOR SALE
• Genuine retirement planning
• The Directors are open minded as regards to deal structures with the appropriate facilities, and are willing to negotiate with serious parties
PRODUCTS
The following ranges are sold:
• Homemade Flapjacks
• American style Muffins
• American style Cookies
• Cakes Slices
• Eccles Cakes
• Shortbread Biscuits
• Puddings
CUSTOMERS
• 120 strong customer base with 95% blue chip
• Debtor payments are averaging 54 days
STAFF
• Total of 26 staff including the two Directors
• 20 are involved in production,
• 2 are van drivers,
• 2 accounts/reception duties
FINANCIALS
• Sales 2011: £964,203 per annum
• The EBITDA (Earnings before interest, tax, depreciation and amortisation) for 2011 is £155,000.
• With the additional orders from the three national chains, the Directors expect the EBITDA to increase
TRADING HOURS
• Mon to Fri: 8am to 6pm
PREMISES
A detached industrial unit briefly comprising:
• Waiting area
• Reception
• Several offices
• Canteen
• Main production area consisting of extensive plant and equipment
• Good car parking and loading facilities
STRENGTHS
• Both Directors are willing to conduct a detailed handover and open to negotiation for serious offers
• Regular repeat orders from schools and hospitals orders
• Blue Chip client base (approx 150 clients)
• Very limited competition in the niche area of nutritional snacks
• Product ranges have been developed in line with the needs of hospitals and schools
• Vendor is willing to help secure further orders from additional hospitals for a new owner
• Nut free production facility
• Individually wrapped products with a 13 week shelf life
• Merchandising and brand support
• Bespoke product ranges
• Majority of staff have been with the company over the longer term
• Snack ranges meet with standards set by hospitals for nutritional snacks
SCOPE
• Several national retailers have shown an interest in the product ranges and have started initial purchases. This is a huge area for growth with new variants of products
• Online sales
• Computerisation of the production process
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: | 1069NG / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
