Established, Well Known Sandwich Company
Sells sandwiches and pre-prepared food delivered fresh daily to local business
Ref.AF076 Location Tonbridge, KentAsking Price £ 270,000Confidential offered for sale | |
Current turnover is £352,990 per annum with gross profit of £83,841.
Asking price includes:
Excellent reputation
Good Attention to Quality
Lease of six years on prestige property
Turnover exceeds £352,990 per annum
Gross profit exceeds £83,841
Training and handover
Free Delivery
Goodwill | | Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA | Business profile: | The current owner has been operating the business since 1982, this business specialises in home made sandwich’s and snacks, and has grown to become widely acknowledged as being one of the best sandwich delivery companies in the region.
Operating to service the professional market and using only the finest traditional recipes and quality ingredients, this business, fantastically located in Tonbridge, supplies a wide portfolio of products including wholesome and delicious bread, a wide selection of sandwich fillings, cakes, and a variety of drinks.
In what can be a highly competitive industry, this business is experiencing continuing growth, fuelled by its dedication to quality ingredients, the quality of its products and its high levels of customer service. This business offers a very personal and courteous service, with customer satisfaction – which is its prime objective.
The business operates a delivery service to local companies for lunches, making only the very best products and meeting the specific requirements of each and every Client including Porsche, BMW and AUDI. All customers benefit from a fast and efficient delivery service free of charge. All products delivered are labelled with ingredients and sell by dates.
In addition the business caters for Weddings, Funerals and corporate event openings.
With turnover of approximately £352,000 this is an excellent opportunity to acquire a well-established business highly regarded for its quality products and customer service and a steadily increasing and loyal customer base.
Customer Service:
This business does everything possible to enhance its excellent name and has earned a considerable reputation for the best freshly prepared sandwiches, cakes, and confectionery and superb customer service.
Key Strengths:
Built on solid foundations and prudent management, this business has an excellent reputation for friendly and helpful service and excellent products. It has an established, diverse customer base, which, with little or no recent effort is steadily growing.
This business is particularly renowned for its reliability - ensuring all Clients receive their deliveries on schedule. Not surprisingly this business can claim high levels of customer satisfaction.
This business has an experienced, dedicated and loyal workforce. Fully operational and using traditional recipes it is considered to be very much a local supplier and supported as such by the trade.
Growth and Expansion:
The current market for this business's products is stable and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Key Opportunities:
There is an outstanding opportunity to build on the existing business levels and customer base of this business. 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 increasing the Office trade, business development, advertising and marketing. | | | Premises:
The business operates from leasehold premises in Tonbridge, Kent with six years remaining on the current lease. The premises consist of a double shop front, with a food preparation area and storage. Equipment consists of refrigerated display unit, 2 half freezers, 3 large freezers, 2 commercial ovens, and a 4 hob electric hob and large microwave.
Current rent is charged at £19,000 per annum inclusive of service charges and rates.
Business Hours:
6.00 am – 3.00 pm Monday – Friday
Saturday for Weddings etc.
Security:
The front of the premises has grills for security. | Advertising and Marketing:
The business has invested sensibly in placing adverts in the Yellow pages, Local press and a Police paper. The business has launched a website which details full menu options, however at present there is no facility to order on line, which would benefit the company considerably. | | | Financial profile: | The business is being offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable with low overheads, positive cash flow, good gross and net profit and has shown consistent growth over its many years of trading.
Current turnover is £352,990 per annum with gross profit of £83,841. | Employees:
The business employs ten full time staff consisting of 1 Manager, 4 Sandwich Delivery Assistants, and 5 Sandwich preparation Assistants. | Support and Training:
Support and training will be provided to the successful purchaser if required. | Reason for Sale:
The current owner wishes to emigrate following the sale of the business. | | Turner Butler Disclosure Statement: This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business') The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business. For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions. Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler. You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler. Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision. Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information. This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006 |
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