Business Summary:
Retail Confectionary Company Supplying Mobile Retail Units to Major Public Events
Ref.AF115
Location Relocatable
Asking Price £ 540,000
A rare opportuntiy has arisen to aquire a very well established business with excellent proiftability, very limited competition and a superb reputation in the markets it serves so well. This confectionary business was set up by the current vendor back in 1971 and in that time has grown to be the major supplier of retail confectionary to the UK events market.
The company has 10 mobile sweetshops/chocolatiers that serve the public at a whole host of events from Crufts to The Cheshire Show. These units are driven to the show, sited and manned by the business and are totally self contained. The units themselves are in excellent condition, highly presentable and professional and carry the company’s instantly recognisable logos.
The business has a very impressive client base and has ongoing contracts to attend many major shows and events, most of which are on an annual basis. It has been at many venues for over twenty years such is the quality of service this company provides. The vendor has negotiated excellent supplier relationships with both confectionary manufacturers and wholesalers and this is eveident in the impressive gross profit margins it enjoys.
The business is a member of The National Market Federation
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| Number of Employees:
2 |
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| Facilities / Terms of Lease:
The business is currently run from the vendors own freehold farm site which comprises a beautifully appointed residential property with barn conversion and numerous large secure outbuildings that are used for storage of the mobile units and stock. The site itself is some 2 acres. The vendor would consider selling the freehold if a new owner so required, subject to negotiation. Otherwise the business could be easily relocated. Current freehold valuation is circa £630,000. Freehold is not included in the current asking price. |
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| Potential
Growth/Expansion:
The business has enjoyed consistent sales over the last few years trough choice. The vendor has made the decision not to chase new work. The business could easily accommodate sales of circa £500,000 with the current infrastructure in place and the demand is certainly there with public events and shows growing year on year. |
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| Competition:
The business has never felt the need to advertise preferring to rely upon word of mouth recommendations and referrals to attract business. In saying that all its units are fully liveried with the company’s name and logos so they enjoy very high levels of “free” exposure at the events they cater for. |
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| Owner
willing to train:
The current owner would be happy to provide full training and support at handover.He would even be prepared to stay on for a further 12 month period, subject to negotiation should a new owner so require. |
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| Reason for selling:
The vendor is wishing to retire. |
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Seller Reference Number: AF115
BusinessMart.com Listing Number: 72108 |
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