Catering Companies for sale in Basildon

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ESTABLISHED, PROFITABLE, SANDWICH FILLINGS COMPANY, ESSEX

Basildon, Essex, England

  • Leasehold Price: £250,000
  • Annual Turnover: £800,000
  • Annual Net Profit: £80,000
Seller Reference: 13391
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Business Description
 ESTABLISHED, PROFITABLE, SANDWICH FILLINGS COMPANY, ESSEX
Seller Reference: 13391
Request Details
Business Description
THE OPPORTUNITY
ETS Corporate are pleased to place on the market this sandwich fillings business which was established in 2013. The turnover reached over £800,000 last year, with a profit to a working Owner of over £80,000 pa. The business is located in Basildon Essex, postcode, SS14 3DX

LOCATION
The business is located in Basildon Essex, postcode, SS14 3DX. It is logistically very well placed for its clients and 15 minutes from the M25. They cover London, Essex and the South East.

BUSINESS DETAILS
The business was established by the Owner in 2013 and he now wishes to sell to concentrate more on his personal life.

The products sold are sandwich fillings (around 90% of turnover) and other accompanying items. There are over 250 fillings available, all of which are made on the premises, but there are 25-35 very popular items which form a bulk of the business.

The Company has over 60 regular clients, despite the Owner having to taken extended leave last year. The business did operate without him, but growth was limited as he is responsible for sales and marketing. They provide their products to wholesalers and the High Street which is a growth market for them.

The business employs 2 full time drivers, 2 full time and one part-time production staff, a part time admin and accounts lady, and a full-time manager.

The unique selling points of the business are:

• They are specialists in dry fillings.

• Very well-located premises

• Low overheads

What are the major strengths of the Company?

• The quality and variety of the product with many inventive lines

• Established client base

• Well located

• Growth potential – the global market is increasing offering scope for expansion in the UK and abroad.

What are the major weaknesses of the Company?

• The business still relies on the Owner to generate new business. Recent personal issues have resulted in slower growth.

• A good sales and marketing team

What opportunities are there for your company?

• With the right sales and marketing strategy, the business could easily double in
turnover.

• Increase the product line to include more vegan and vegetarian options.

• Provide more products to independent businesses rather than mostly wholesalers.

• Social media and internet presence is virtually non-existent so there is a huge opportunity there.

• Provide outside catering services, which the Owner is now developing.

The Owner may be open to an earn out or a deferred payment deal. He is also available for an extended handover period if required.

TRADING HOURS
The business operates Monday to Friday 8.30 am to 3.30 pm.

FINANCIAL DETAILS
The business is operated as a limited company and the Owner would prefer a share sale.

The annual turnover is around £800,000 with a profit of £80,000 pa

PROPERTY
The facility is all on one level and includes 2 offices, staff facilities, 4 walk in fridges and a freezer. It also has a warehouse and storage area. There is a mezzanine area for storage and further offices if required.

TENURE
The business has a lease which has 5 years remaining and the rental is £9,600 pa.

Ref: 13391
Price: £250,000

Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.

Trading hours:
The business operates Monday to Friday 8.30 am to 3.30 pm.
Number of employees:
5
Tenure:
Leasehold
Support and Training:
The Owner may be open to an earn out or a deferred payment deal. He is also available for an extended handover period if required.
Location Details:
The business is located in Basildon Essex, postcode, SS14 3DX. It is logistically very well placed for its clients and 15 minutes from the M25. They cover London, Essex and the South East.
Leasehold Term:
The business has a lease which has 5 years remaining and the rental is £9,600 pa.
Listed by:
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