Manufacturer of Paper and Polythene Carrier Bags Based in the East Midlands
Manufacturer of Paper and Polythene Carrier Bags Based in the East Midlands
Overview
Description
The company manufactures bespoke printed paper and polythene carrier bags for a wide range of commercial customers nationally.
As a well-established business within a high cost barrier to entry sector at its current level, the company benefits from long-standing relationships with a number of prestigious customers.
The company is now being offered for sale to facilitate retirement plans and other, unrelated business interests.
Our clients are open to all types of structured deals subject to terms.
Offers invited.
Key Highlights
– Established for over four decades.
– Benefits from 104 active customers, many of which are wholesalers with multiple accounts that provide ongoing, repeat business.
– Longest customer relationship spans two decades.
– Minority shareholder and Managing Director has expressed an interest in remaining with the company post-sale to assist a new owner with daily operations and driving business development, providing a turnkey acquisition.
– Operates from easily relocatable leasehold premises.
– Acquiring a more flexible machine to manufacture more sizes of bag could considerably expand the company’s customer base.
– Creating a brand to provide e-commerce sales to end users would contribute to the company’s ongoing development.
Financial Highlights
– Turnover of £2.4m in YE22 with an adjusted EBITDA of £160k.
– Projected turnover of £2.2m for YE23 with an adjusted EBITDA of £150k.
Is this business relocatable:
Is stock included:
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