Overview
Description
The company offers a turnkey service for the supply, installation and maintenance of commercial kitchens, specialising in HVAC, catering and refrigeration equipment.
With extensive experience in the catering industry, the company carries out work on projects from concept to completion, covering all supply, installation, commissioning and after-sales servicing, maintenance and repair work.
The shareholders are offering the company for sale as part of their retirement plans.
Offers invited.
Key Highlights
– Caters to clients across various sectors, deriving over 83% of its revenue from children’s day nurseries, including 9/10 of the UK’s largest childcare providers.
– Currently provides its services to 44 active clients, circa 99% of whom deliver reliable, repeat business on an ongoing basis, with some relationships spanning over 10 years.
– Demand from core client base set to increase due to an increase in Government funding for free childcare for working parents.
– Strong second-tier management team, with a national network of catering and refrigeration engineers.
– Operates from leasehold premises.
– Considerable scope for further expansion through the development of its services, recruitment or increased sales and marketing activity.
– Excellent bolt-on acquisition for buyers within the facilities management sector who wish to enhance their current operations.
Financial Highlights
– YE23 turnover of £2.3m and adjusted EBITDA of £422k.
– YE24 management figures show a turnover of £2.6m and adjusted EBITDA of £447k.
– Turnover and EBITDA projected to increase to £3.2m and £600k by YE26, respectively.
– Generates a high volume of contracted income from planned preventative maintenance agreements annually, also receiving £800k of guaranteed refit work from its largest client every year.
– The company also expects to be awarded contracts to the value of £600k from existing clients, advising that many of these are simply awaiting approval.
– Scope to generate an additional £2m from outstanding tenders, with works to be carried out over the next three years.
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