Featured Brokers
CONFIDENTIAL SALE
FOR SALE
21/02/24
607131
155431 / Rightbiz
Project Ellwood provides own-brand edible oils, which have been developed for enhanced taste and quality, as well as those retailed by other suppliers. The company offers a broad array of hospitality consumables, including ingredients, cleaning supplies and packaging.
The business carries out waste management solutions using a fleet of collection vehicles, recycling customers’ cooking oil, cardboard and plastic in adherence to stringent legislation.
The company operates as a zero-waste-to-landfill supplier, with its activities already meeting legislation due to come into effect in April 2024.
The business has retained strong buying power by purchasing products in bulk and reselling them in smaller quantities, passing on savings to its sales network.
Our clients are offering the company for sale to realise the assured value of the existing business, while facilitate further growth and lifestyle changes. Offers invited.
Key Highlights
- Supplies over 2,000 active customers, including large restaurant, hotel and pub chains, as well as cafés, care homes and takeaways.
- Operates to ISO 9001 and 14001 certification standards, holds a Discharge Licence, and is accredited by the International Sustainability and Carbon Certification (ISCC).
- In the process of becoming a partner with a prominent fuel company to supply biofuel to the aviation industry, and is also developing a new product for the fish-and-chip-shop market.
- Versatile second-tier management team in place which can absorb some of the shareholders’ duties, post-sale.
- Operates from freehold premises based in Wales, which hold an estimated market value of £1.5m and will be included in the sale.
Financial Highlights
- Generated a YE23 turnover of £6.2m.
- Forecast to achieve a turnover of £7.2m in YE24, with an EBITDA of £845k.
- Average gross profit margin of 35% between YE21 and YE23.
- Made significant investments in new machinery during YE23. Asset register worth £331k will be included in the sale.
- Approximately 80% of customers generate repeat revenue.
- Income streams are further safeguarded by contractual agreements, with circa 50% of sales secured via contracts.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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