Overview
Description
The company produces award-winning puddings, cakes and desserts, working closely with wholesalers, trade customers and private individuals.
It operates a primary retail site with a café, the latter of which achieved a Very Good rating in its latest Food Standards Agency inspection. Further revenue is procured through a secondary retail outlet within a third-party establishment.
An asset register worth £143k is included in the sale.
Our client is now offering the company for sale to facilitate early retirement and travel plans. Offers invited.
Key Highlights
– By operating on a B2B and D2C basis, the business benefits from a continual stream of new, repeat and referral custom.
– Has established numerous long-standing relationships, some of which span over a decade.
– Strong second-tier management team in place which is able to absorb many of the shareholder’s responsibilities, post-sale.
– Director willing to remain in an operational role for a period of time.
– Operates from three main leasehold premises.
– Scope for growth through the development of new products; recruitment of additional personnel; introducing export sales; and enhancing the white-label capacity.
Financial Highlights
– YE23 outturn turnover of £674k.
– Generated a YE22 turnover of circa £593k, with an adjusted EBITDA of £43k in the same year.
– Average gross profit margin of 59% between YE19 and YE22.
– Shareholder funds have increased by 181% from YE19 to YE22.
– Circa 80% of sales are derived from existing customer relationships.
Is this business relocatable:
Is stock included:
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