Food & drink manufacturing companies for sale in Fareham

View the "Frozen Food Manufacturer South Coast" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I’m really happy having just sold my online business within 2 weeks of advertising on Daltons 

Sarah Davies (June 2014) View More
Leasehold Price: £95,000 Under Offer Annual Turnover: £350,000
Request Details
Business Description
THIS BUSINESS IS UNEXPECTEDLY BACK ON THE MARKET DUE TO A TIME WASTER

• Huge Development potential
• Very realistically Priced
• Widespread reputation and regular client base
• Long secure lease
• Valuable inventory of equipment & vehicle included
• Long standing accounts
• Superbly fitted production premises
• An excellent commercial location

This is an amazing opportunity to get into the Frozen food market – widely proclaimed as one of the major growth sectors of the food manufacturing industry

The factory premises are situated on the South Coast in Hampshire. The semi rural position offers excellent access to the M27, M3 and the ports of Southampton & Portsmouth.

This is a genuine retirement sale. The existing proprietors have taken the business, from inception to an established level with many household names on its client base.

There are two distinctive sides to the individually portioned food production, both of which by their nature have continued to grow with very minimal sales input. T/O is up over 22% in the last two years and growing with current GPM at 53%.
The business has hardly begun to realize its potential. This is an unbelievable opportunity to acquire a growing company with cutting edge technology.

Further to the existing product range the company has carried out testing, at two of the leading Food Technology Universities, on a further range of products as yet to be introduced to the market. During the last few years the company has been strong on development but weak on sales. There are numerous sections of the market as yet untapped where the product range would be ideal.

The premises are equipped to lend themselves to the production and packing of any form of frozen or chilled products, and could be used as the base for an extensive catering operation. The company is registered and approved under EU legislation, Regulation (EC) No. 853/2004, for the handling and processing of raw meats and fish, and also enjoys an excellent working relationship with local Environmental Health and Trading Standards representatives. The company HACCP system, and procedures have consistently been rated as excellent.

The retiring proprietor would be prepared to continue on a part-time basis until the new owners were conversant with the business, and could be interested to continue on a part-time basis involved with new and existing product development – or be retained on a consultancy basis.

Financial Information

We are advertising the business for sale at a realistic price of £95,000, however we would be prepared to consider sensible offers on this figure.

The months leading up to Christmas - September, October, November & December - are by far the busiest of the year and would give a flying start to anyone wishing to proceed promptly.

Current projected turnover in the order of £ 350,000 per anum for the next 12 months with huge scope to increase. GP circa 53%

Lease

The premises are being offered with the benefit of a secure renewable 9 year lease with reviews every 3 years, the last review was in 2015 and there are 8 years remaining. There is an opt out clause at 6 years if desired.

Rent

The current rent stands at £24,950 per annum.

Stock variable

Normally in the range of £20,000 , but can be reduced to well below £10,000 at purchase point.

Business Rates

Business rates currently stand at £10,064 per annum.

Trading Hours

Monday – Thursday 8.30am – 5.30pm: Friday 8.30am – 2.30pm: Saturday & Sunday CLOSED
Number of Employees: 5-10

Tenure: Leasehold

Find out more about this business for sale opportunity by submitting the form below.
Contact Details Fields marked with an * are required by the seller
* * *
* * *
* *
* *

What happens next?
  • 1We send your email to the business seller
  • 2They will be in contact with you as soon as possible
Would you like ASC to contact you about finance options?
This is a no-obligation service. You will ONLY be contacted by your local
ASC Finance director. Your details will not be passed on to any third party.

PAX0580979276
Seller Reference:
Bookmark and Share
You May Also Like...
loading...