business for sale

Supplier of Refrigeration and Catering Equipment to the Retail and Catering Trade

Businesses for Sale

Sale Memorandum

Supplier of Refrigeration and Catering Equipment to the Retail and Catering Trade


Ref.AF062

Location Tyne & Wear

Asking Price £ 400,000

Confidential offered for sale

The current turnover is in excess of £420,000 per annum
An adjusted net profit of circa £112,000.
Asking price includes current stock
Gross profit of circa £265,000
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:

First established over 15yrs ago, this long running business specialises in the supply of Refrigeration and Catering Equipment.
Including:

Hot Food Serverys

Potato Ovens

Slush, Ice cream, and Milk shake machines
Orange Juice Machines

Coffee Machines

Refrigeration
Countertop Sandwich Displays
Ice cream freezers
Glass Door Freezers
Under Counter Fridges
Salad Bars and Topping shelves
Chest Freezers
Refrigerated Cooling Tables
Single Door Fridges
Double Door Fridges
Upright Freezers
Bottle Coolers and Wine Coolers
Pizza prep stations and saladettes
Serve Overs
Dairy Cabinets
Gateau displays
Fish Fridges
Icemakers
Patisseries

Catering Equipment

HOT DOG MACHINES
Mincers
Fly Killers
Soup Kettles
Nacho Machines
Pie Warmers
Chip Scuttles
Hob Combination Units
Kebab Machines
Hob Units
Water Boilers
Electric Fryers
Gas Fryers
Dry Bain Maries
Wet Bain Maries
Electric Griddles
Gas Griddles Panini / Other
Contact Grills
Electric Salamander Grills
Gas Salamanders
Toasted Sandwich / Pizza Grills
Char grills
Gas Ovens
Electric Ovens
Lamp Units
Microwaves
Pizza Ovens
Convection Ovens
Chicken Rotisseries
Plate Warmers
Hot Cupboards
Mobile Bain Maries
Carvery Units
Slicers
Veg Prep Machines
Chippers
Peelers
Dough Mixers
Batter Mixers

Glass and Dish Washers

Glass washers
Dishwashers
Pizza Shop
Dough Mixers
Prep Stations
Pizza Ovens

All products are available with a three yeas Manufactures guarantee and are dispatched immediately upon receipt of order.

The business works extremely hard at building relationships, enabling it to determine the specific needs and objectives of customers. By listening and learning, the business believes that it provides unique and creative solutions that offer value for money and exceed customers' expectations.

By delivering total customer satisfaction, the business achieves its own objectives of building customer loyalty and gaining positive referrals.
Key Strengths:

The business continues to grow as a direct result of its excellent relationship with clients. The company has held contracts with various companies for many years and offers a very personal service. Word of mouth recommendation has ensured that the business has maintained an impressive base of satisfied repeat accounts and clientele, while continuing to attract both new referrals and customers.

The business services many clients each week, and has forged strong links with some very high profile clients, who have put their trust in the company due to their genuine commitment to serving client needs.

•Licensed Credit Broker
•Leasing Available
•Specialists In New Business Leasing
•Over 95% Of Our Business Comes From

Recommendations

•All Credit Cards Welcome
•One Year Guarantee On All Parts
•3 Years Parts And Labour On Certain Models
•Extended Warranties Available
•Lines Open For Telephone Sales 9am - 9pm Monday To Friday
9am To 12.30pm Saturday
•Positive Cash Flow
•No business debts
•Excellent position and location
•Long established
•Product range
•Superior quality products
•Well- established client base
•Clients provided with complete service
•Delivery of flexible, first class service
•Excellent reputation for quality, technical knowledge and service
•Unsurpassed value for money
•Well known by local people
•Provides independent professional advice
•Very high margins
•Very well established business providing high customer service levels
•High level of self sufficiency giving competitive pricing and fast turnaround
Customer Service:

The business is well established and very profitable, with a strong and growing customer base, retaining a high level of return custom; a great many of whom having done so on a regular basis and for many years.

The company has earned an outstanding reputation for its honesty, service, reliability, casual and open customer experience, excellent quality and highly knowledgeable and experienced staff.

Clients

This business has achieved a recognised name through supplying a range of products to an increasing customer base that is growing stronger and broader on a daily basis. There has been steady growth since the commencement of the business, and in an increasingly competitive market, this business is the ideal resource for in-demand products for which the market outlook is positive.

Key Opportunities:

With a good database of quality customers, this is an excellent business opportunity. Sales continue to grow and there is great potential for someone prepared to put in the time to make this highly regarded business even better

With a strong demand for products and capacity to increase turnover, a new owner would contribute fresh marketing ideas and outside influence to build on an excellent base.

This business has an excellent reputation with every effort made in order to satisfy customer's requirements.
The business operates from a rented office in a modern office building and is fully relocatable.
Advertising and Marketing:

Most of the business's turnover is generated through the current existing satisfied client base and word of mouth recommendation; the business has surpassed growth expectations bearing testimony to the excellent reputation it has built up since inception.

An immense opportunity exists to build on this businesses reputation and implement more assertive methods of advertising to expose the business to even greater markets. Various methods could be used in this regard, including the local press, a direst sales force, trade exhibitions, leaflets, brochures, direct mail or a telesales initiative.

The company does have a web presence, which is a valuable asset. There is no doubt that turnover and profits could increase massively by making further use of this medium.

Adding a dedicated sales team would ensure growth and expansion at a high volume and profitable return.
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 current turnover is in excess of £420,000 per annum with a gross profit of circa £265,000, with an adjusted net profit of circa £112,000.
Support & Training

The owner will provide full business familiarisation, training and handover and is offering the business for sale not only as an organically expanding going concern but also with further significant growth potential.
Reason for Sale:

A stage has been reached where the owners wish to reduce their working hours and plan to retire within the near future
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

Next steps

If you are interested in finding out more about this business please:

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  4. We will contact you and put you in touch with the seller of the business.

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