Established, Prosperous and Professional Sandwich Manufacturer
Superb profitable concern with well known Own Brand and enviable client list
Ref.Ek005 Location Northern IrelandAsking Price 1,800,000Confidential offered for sale | |
Asking price 2,700,000
Based on Currency Exchange Rate
1 EUR = 0.678995 GBP
Inc Freehold
Asking price includes:
A trusted and respected reputation in the industry
Huge opportunities and expansion capabilities
Company Health & Safety/Compliance policy
Forecast sales of circa £2,000,000 for ‘06
Substantial number of valuable contracts
Substantial blue-chip client base
Sustained and steady growth
Licenses & accreditations
Excellent profit margins
Expertly equipped
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: | Established in 1994 this successful and well established independent sandwich and snack manufacturer is well renowned and has traded successfully in a modern purpose built industrial unit for 6 years, it is widely regarded as “the best” in the region. The Company specialises in providing the most professionally and freshly prepared sandwiches, filled rolls, coleslaws and pasta snacks to some of the UK’s famous household names, including airlines, big five retailers and independents, providing ever changing menus according to consumer tastes and trends with the bias on freshness and the highest quality achievable in the industry. Great attention to detail and care is always given to the efficient and timely delivery of all products.
This approach, plus considerable management expertise has earned the Company an excellent name. The company provides full and flexible sandwich and snack manufacture principally to quality commercial blue chip and major retail clients on a long-term basis. The extensive client list reflects the Company’s main focus; to provide sandwich and snack products for organisations and retailers that want a product to reflect their unique brand.
This Company has the ability to translate any client’s individual or contract requirements into reality and many of the successful products having been retailed successfully for many years. The standard of product quality and service is always the ultimate, to ensure maximum possible satisfaction for the client and their customer, produced under the company’s own brand or frequently the client’s brand.
Projects are secured through referral and negotiation and or competitive tender. The Company has a stable of reliable & highly professional drivers and part time production staff and the aim is to build on the reputation of providing the highest quality product within budget and to deadline in order to service a precise and exacting market.
Over the years the company production and sales volumes have consistently grown and this trend continues today with the company currently producing an amazing 34,000 sandwiches per week or 1.47 million per year.
This has resulted in an expansion of the range of products produced and customers supplied.
Quality Assurance:
The Company is working towards BRC accreditation, expected this year and works to British Standards for health and safety. It is committed to a policy of Quality Assurance and provides a quality service and product to clients. The main objective is to provide all clients with an end product of the highest standard. The Company has developed its own quality system, which provides clients with the assurance that all services supplied will meet consistently high standards. Operations are supported from the head office, which is responsible for the administration of and maintenance of contracts.
Health and Safety:
The company recognises the importance of safe working practices and procedures and complies with the requirements of the Health and Safety at Work Act. | Key Strengths:
The business is an autonomous organisation where the business owner has developed and nurtured a team capable of overseeing business operations effectively, reducing the need for constant or daily input from the vendors. This has resulted in customer relations founded on trading satisfaction and not the vendor.
The business is a well established brand and very profitable with higher sustained margins, and a strong, growing customer base, consistently happy with the wide range of high added value products. The business retains a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.
The company has earned an outstanding reputation for its honesty, service, reliability, efficient job completions, excellent quality work, ability to deliver multiple products, cost control and highly skilled, experienced staff.
The company is quite diverse in the range of products provided and pride themselves on their commitment to projects and their ability to adapt to suit the clients exact needs.
The Company has excellent PR and strong industrial awareness with a proven track record it is equally as comfortable with larger contracts. The company has an excellent financial footing which allows it to finance the larger contracts and deliver them to the client within budget and perhaps more importantly on time.
A well-respected Company it operates in both the retail and commercial sector. The company has an excellent reputation for high standards, fast response, attention to detail, customer care, end user focus and integrated approach. Significant repeat business is obtained from a loyal and satisfied client base and is continually growing. This well-respected Company focuses on quality manufacture and value for money that the large blue chip client base demands. Many large and prestigious contracts are undertaken and the Company has a strong contract base.
Growth and Expansion:
This specialist business maintains an extensive base of satisfied clientele who appreciate superior service together with a widespread reputation. The key to maintaining the high degree of customer loyalty is the strong service orientation.
The company has undertaken limited marketing and a high percentage of recommendations are by word of mouth. More assertive marketing and promotion within the appropriate market sectors could acquire an even larger slice of the market and further increase the turnover.
Growth is set to continue with demand outstripping supply; the Company is well positioned for development and diversification through its increasingly known and respected brand. A new owner will contribute innovative ideas and outside influence to build on this excellent base. | | Premises:
The vendor owns the freehold of the property, which is included in the asking price. Should the freehold of the premises not be required our client proposes granting a new lease for the successful purchaser. Alternatively the Company could be re-located.
The premises add a significantly improved dimension to the day-to-day operations of this business. They are well appointed and impart exactly the same high professional qualities for which this company has become known.
The modern and well appointed offices comprise of approximately 3,900sq ft on the first floor with a ground floor area of 4,000 sq feet that house full manufacturing operations including refrigerators, clean areas, filling, packing and storage& loading. The site is very secure with 24 hour site security and has the significant benefit of a large surfaced yard area with more than adequate parking. The premises are well located for all transport links, including Belfast’s busy International Airports. | | | | 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 circa £1.67 Million per annum with a Gross Profit circa 58% and Net Profits of typically circa £170,000 per annum. | Employees:
This professional very effective and efficient Company operates with a fully functional team of 34 full time employees including drivers, production staff and administrators.16 part time staff including drivers and production staff are relied upon with full confidence for night time deliveries and weekend production. | Support and Training:
The vendor is happy to provide a training period for a length of time to be negotiated prior to the sale. | Reason for Sale:
Having successful built and grown this considerable business over 12 years, our client has decided it is time to seek new opportunities and intends to focus on other business 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 |
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