business for sale

Award Winning Ice Cream Manufacturer

Businesses for Sale

Sale Memorandum

Award Winning Ice Cream Manufacturer


Ref.EG006

Location Wales

Asking Price £ 520,000

Confidential offered for sale

Asking price includes:

Sales of circa £1.15Million per annum
Qualified and highly skilled technicians
Un patented technical know-how
Sales, which are growing year on year
Established client/customer base
Computer administration system
Excellent supplier partnerships
Main ice cream supplier in area
Award-winning company All plant and machinery
Strong advertising base
Informative Website
Training and handover
Excellent reputation
Good profit margins
Excellent premises
Sign-written vans
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:

This well-known and highly regarded company was established in 1928 and has been trading successfully ever since. It manufactures and wholesales high quality real dairy ice cream and desserts as well as carrying a number of product lines for many national branded company’s.
The company has a very strong brand image and is known for supporting the regional economy by using local products in the production of its highly prized, closely guarded recipe.

Customer Service:

The business has a database of around one thousand eight hundred customers who are predominantly located in the South West and along the South Coast. It supplies restaurants, shops, parlours and kiosks on a daily or weekly basis depending on demand and supports its valued customers by providing regular telesales contact to take orders and introduce new products.

Key Strengths:

The brand image of this company is very desirable.
High quality products.
Excellent distribution network.
Broad geographical customer base.
Financially sound.


Key Opportunities:

There are a number of strong areas for the growth of this business. These include further penetration into the catering and wholesale markets, hotel chains and leisure groups. It could also develop commercial relationships with leading supermarket chains, and expand into new geographical markets such as Northern England, Ireland and Scotland. Any one of these sectors would result in the doubling of production and the associated increase in revenue streams.
Premises:

The leasehold premises occupy a town centre location and cover a total of seven thousand square feet. This includes offices, the manufacturing plant and warehousing for industrial freezers. There is extra storage available for the company’s vehicles to be securely parked.
The premises are available to lease at an annual premium of £10,000.
Advertising and Marketing:

The business advertises in some directories and has a number of sign written vehicles. The company attends selected trade shows, has a range of marketing materials and has developed its own web site.
Financial profile:
All financial information will be made available under the auspices of Turner Butler.The company has a turnover in the region of £1.15 million with strong gross profits of circa £825,000. The business records adjusted pre tax profits of around £70,000.
Employees:

The management team have built a stable and loyal workforce they consist of.

Two directors
One sales manager
One office manager and telesales operative
One production manager
Two production assistants
One round supervisor
One maintenance worker
Drivers and general operatives
Support and Training

A full and seamless handover will be available to the purchaser.
Reason for Sale:

After a long and successful career the key director wishes to retire and to see the business continue to flourish in the hands of a new and ambitious management team.
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

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