business for sale

Sandwich Manufacturer & Wholesaler

Businesses for Sale

Sale Memorandum

Sandwich Manufacturer & Wholesaler


Ref.AF045

Location Wiltshire

Asking Price £225,000

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
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Asking price includes

Sales of circa £450,000 per annum
Established client/customer base
Computer administration system
Excellent supplier partnerships
Superb opportunity to grow
Office furniture and equipment
Sales growing year on year key
Complete Turn Operation
Established client base
All fixtures and fittings
Training and handover
Vehicles (vans & Cars)
Enviable reputation
Good profit margins
Excellent premises
Security System
Great location Advertising
Goodwill

Business profile:

The company has been established for in excess of eighteen years and trades from well presented premises on a small industrial site in a Wiltshire town close to both Bristol and Bath.
It makes and supplies hand made sandwiches, baguettes and snack items to a broad range of garages, convenience stores, newsagents, delicatessens, businesses, schools and government agencies.
In addition it has established an additional revenue stream from supplying complete buffets to the corporate sector within a twenty-mile radius of the companies premises.


Location
The business is located in Wiltshire within travelling distance of several major West Country towns and cities.


Key strengths
All the products are hand made and delivered daily by a team of four drivers who are also responsible for auditing the display stands, and collecting some accounts money on a weekly basis.
In addition they carry out some canvassing and sales activity. They call on prospect accounts, leave a small selection of samples for the customer to try and arrange to call back at an agreed time to discuss an ongoing supply proposition.
All goods are supplied on a sale or return basis, and by carefully monitoring “who sells what” the amount of returned goods is kept to an absolute minimum. Return is controlled by the due date on the packaging.
Because of the quality of the product and the reliability of the delivery, many customers have changed their working practice by doing away with their own kitchens and outsourcing the supply of their sandwiches to this company.


Key opportunities
The business is currently managed to a size that is convenient for the present owners.

There is huge scope to expand the range and variety of sandwiches, buy in additional items and increase the area of coverage by taking on additional van/sales personnel.

A full time sales representative would be able to attack the corporate / business sector and there are a vast number of business parks, industrial units and major PLC’s all of whom have catering requirements on a daily basis.

There is ample scope to increase production both from the available space and by adding a second shift to the operation.

Technology
The company uses Sage for its accounting package


Competition:
There are a number of smaller operations in the area but nothing of the same calibre.
Premises

The buildings are leasehold and cover a total area of 2500 square feet. The rent is £14,000 per annum. The present lease expires in April 2008.

The well-appointed fully equipped premises are registered with the EHO. There are two admin offices, a storeroom, a temperature controlled production area, three cold rooms and a freezer room.
Advertising and marketing
The business does not have a structured marketing strategy. It advertises in Yellow Pages and some local directories.
The refrigerated delivery vans are sign written.
There is no web site.
Financial profile:
All financial information will be made available under the auspices of Turner Butler. The business is being sold on an ongoing basis.
Annual sales are circa £460,000 with gross profit being in the region of £295,000.
Management and staff

Staff consist of
The Managing Director
One Office Manager
One Operations Manager
Four Van Sales / delivery drivers
Nine production staff.
Support and training:

There will be a full and seamless handover available to the purchaser for a period to be agreed as part of the negotiations.
Reason for sale:

The Managing Director has decided the take early retirement and concentrate on a range of other interests.
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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