Food & drink manufacturing companies for sale in Hampshire

View the "SANDWICH & SNACK FOOD MANUFACTURER IN SOUTH HAMPSHIRE" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Adam Warren (Jan 2017)
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Leasehold Price: £180,000
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Business Description
BUSINESS:

An established, well-managed and profitable, family-owned manufacturer of pre-packed sandwiches, baguettes, paninis, wraps, ciabatta and salads. Sales of a recently introduced selection of freshly-produced corporate buffet platters are growing and now account for 20% of annual turnover. The business has been trading successfully since 2005. To increase capacity and planned future growth, the business relocated to its current modern 2,000sq ft industrial unit in 2016. Refrigerated vehicles deliver to a wide range of clients, from wholesalers and distributors to corporate end-users. Significant opportunities for growth have been identified. Retirement sale.

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
These modern, 2,000 sq ft (183sq m) premises offer 1,300sq ft (121sq m) on the ground floor plus 665sq ft (62sq m) on the first floor. The vendors invested heavily in creating food-safe, compliant food production areas plus walk-in refrigeration units and numerous items of production and packaging equipment (see Inventory of Equipment).
Note: Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

INVENTORY OF EQUIPMENT:

The following list of equipment features the principal items included in the asking price:

Main Office
2 x HP desktop PC
1 x Epson WF7610 printer
1 x Swann CCTV system with new HP monitor & multiple security cameras
Desks Chairs Filing cabinets

Kitchen
Oven
Hob
Deep fat fryer
Sink
Work Benches
Storage cupboards

Staff Area
Table & Benches
Fridge
Microwave

Vehicles
1 x 2016 Mercedes LWB refrigerated vehicle with standby.
50% share in another 2016 Mercedes LWB refrigerated vehicle with standby on payments

Sandwich Assembly Equipment
1 x Krumbien automatic buttering machine
1 x 4m conveyor belt (speed variable)
1 x Soken engineering automatic sandwich sealing machine (on lease 2 of 3 year agreement remaining)
2 x Colpac semi-automatic sealing machines with 4 different sealing plates for sealing varying products
1 x Bluebird L sealer

Cold Storage
1 x 4m x 3m cold room with internal racking
1 x 2m x 2m freezer room with internal racking
1 x Genfrost Stainless steel double upright fridge unit
1 x Inomak Stainless steel single upright fridge unit

Assembly stations
6 x stainless steel tables on wheels
Racks and shelving
Wheeled catering trolleys
Waste bins

Food preparation area
2 x stainless steel tables on wheels
1 x Sammic multi blade slicer
General food preparation equipment & utensils
Double sink with hose
Dry storage racking

Production office
1 x HP desktop PC
1 x HP inkjet printer
1 x Toshiba Tec ribbon label printer (new 300dpi print head)

TENURE:

This is a leasehold opportunity with a 10 year lease in place which expires in 2026. The current rent payable is £16,000 per year. There are 5-yearly rent reviews with the next review due in 2021.
Please be aware that the landlord will require references to support your application as a tenant and satisfactory bank and trade references will be requested. In addition, the landlord may ask for a rent deposit equal to 3 or 6 months dependent upon quality of references and status of the buyer.

RATES:

The rateable value of the business premises is £14,000 with rates of £7,500 p.a. payable in 2018/19.
NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

SERVICES:

We understand from the vendor that mains electricity and drainage services are connected to the property.

STOCK:

The vendor informs us that the value of the stock varies throughout the year from £15,000 to £30,000.

LEGAL FEES:

Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.

STAFF:

The vendors run the business under management of a full time Business Development Manager who is supported by a full time Production Manager. There are 6 employed production staff, two of whom also hold Supervisory responsibilities. Delivery drivers are employed from 05:00 to 09:00 Monday to Friday.
Tenure: Leasehold

Location Details:
The business operates from a modern industrial unit in a major South Hampshire city with access
to the M27 and M3 motorway network.

Leasehold Term:
This is a leasehold opportunity with a 10 year lease in place which expires in 2026. The current rent payable is £16,000 per year. There are 5-yearly rent reviews with the next review due in 2021.

Listed by: Adams & Co

Find out more about this business opportunity.

 
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HW1518
Seller Reference:
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