Overview
Description
Project Ellwood provides own-brand edible oils, which have been developed for enhanced taste and quality, as well as those retailed by other suppliers. The company offers a broad array of hospitality consumables, including ingredients, cleaning supplies and packaging.
The business carries out waste management solutions using a fleet of collection vehicles, recycling customers’ cooking oil, cardboard and plastic in adherence to stringent legislation.
The company operates as a zero-waste-to-landfill supplier, with its activities already meeting legislation due to come into effect in April 2024.
The business has retained strong buying power by purchasing products in bulk and reselling them in smaller quantities, passing on savings to its sales network.
Our clients are offering the company for sale to realise the assured value of the existing business, while facilitate further growth and lifestyle changes. Offers invited.
Key Highlights
– Supplies over 2,000 active customers, including large restaurant, hotel and pub chains, as well as cafés, care homes and takeaways.
– Operates to ISO 9001 and 14001 certification standards, holds a Discharge Licence, and is accredited by the International Sustainability and Carbon Certification (ISCC).
– In the process of becoming a partner with a prominent fuel company to supply biofuel to the aviation industry, and is also developing a new product for the fish-and-chip-shop market.
– Versatile second-tier management team in place which can absorb some of the shareholders’ duties, post-sale.
– Operates from freehold premises based in Wales, which hold an estimated market value of £1.5m and will be included in the sale.
Financial Highlights
– Generated a YE23 turnover of £6.2m.
– Forecast to achieve a turnover of £7.2m in YE24, with an EBITDA of £845k.
– Average gross profit margin of 35% between YE21 and YE23.
– Made significant investments in new machinery during YE23. Asset register worth £331k will be included in the sale.
– Approximately 80% of customers generate repeat revenue.
– Income streams are further safeguarded by contractual agreements, with circa 50% of sales secured via contracts.
Is this business relocatable:
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