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New & Reconditioned Commercial Catering Equipment Supplier Substantial Service & Repair Contracted Income

Ref. CH016

Location : East Coast of Scotland

Asking Price : £500,000

Turnover : £850,000

Net Profit : Undeclared

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Not Included

Confidentially offered for sale


  • Turner Butler

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Asking price includes:

A trusted and respected supplier of catering equipment

Reputation for honesty, reliability, and responsibility

Excellent supplier partnerships Complete

Turnkey Operation

Large amount of equipment

Established client base

Excellent reputation

Good profit margins

Excellent Freehold property

Computers system

Sign-written vans

Goodwill

Business Profile

This established reputable business supply new and re-conditioned catering equipment, also undertaking maintenance work servicing gas and electric appliances, plus design and installation of commercial kitchens, offering high quality value for money products and services.

The business also offers maintenance contracts to its wide range of clients, including some large blue chip companies. Maintenance and installation teams are fully conversant with equipment from all leading catering manufacturers, and are qualified to advise on such matters as health and safety and current legislative requirements.

Suppliers of quality commercial catering and refrigeration equipment to the trade, the business install new and reconditioned equipment at commercial premises from toasters to service counters and everything in between.

With extensive catering knowledge the reliable, skilled and experienced work force make every effort to satisfy the customer requirements, offering prompt delivery with a personal and friendly service.

This business is a "one stop shop" offering a full range of catering equipment and supplies that are constantly being updated. Providing a service that is second to none by maintaining close relationships with leading manufacturers and consumable suppliers and having knowledgeable experienced staff who understand and are extremely responsive to the needs of customers.

The business has developed a wide reputation for a prompt, reliable and efficient service.

Customers:

The firm has earned and maintained an impressive base of satisfied repeat account clients maintaining excellent relationships with a large portfolio of satisfied customers from local government, The Police Service, Schools, Hospitals and the commercial sector.

Customer Service:

This company enthusiastically offers a high level of customer service. It develops and presents all its catering services with the utmost attention to detail, offering a high quality of service, guaranteeing standards and after sales customer care. This business has expertise, highly skilled personnel and reliability.

As well as its dedication to customer satisfaction it has attracted and continues to attract new referrals and an extensive base of very satisfied clientele.

Key Opportunities:

This firm maintains an extensive base of satisfied clientele, who appreciate superior service. There are many excellent avenues for growth, especially by targeting untapped areas with increased sales coverage, and further promotion of catering supplies within the appropriate market sectors.

With a strong demand for services and capacity to double turnover, a new owner would contribute fresh ideas and outside influence to build on an excellent base.

Key strengths:

Business sales have increased annually with a minimum amount of publicity and advertising. Built on a strong and established reputation with a number of suppliers, this business are able to offer a range of top quality products to satisfy customers` requirements at competitive prices.

The business has forged a reputation for providing a high standard of both workmanship and customer support. A strong emphasis is placed on providing complete customer satisfaction by the highly skilled experienced staff, who are also committed to ensuring company growth.

The company has earned an outstanding reputation for its customer service and professionalism, vast product knowledge, and qualified service engineers. Service contracts are increasing with the sales spin offs, efficient job completions, and excellent quality of work.

Growth and Expansion:

The business has grown, forging a reputation for itself by providing a quality service. As a result of this excellent track record the business has secured contracts with many major companies, offering plenty of opportunity for further expansion.

The business would benefit from a more pro active management, the owner has decided that rather than taking the business on to the next level; he will be retiring and leave the growth to the new owner. The business is a turnkey, with a relatively short learning curve for the new buyer and a knowledgeable; business confident buyer will easily make that transition.

Financial profile:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business is financially stable with positive cash flow, no debtors, enjoys a Strong Order Book, high gross and high net profit and has shown consistent strong growth in profits.

The current turnover is circa £850,000, with share holders funds of circa £380,000.

Highly profitable the company is for sale on a goodwill basis to include work in progress, stocks and fixed assets.

Advertising and marketing:

Yellow pages, local press, trade awareness leaflets and brochures, telesales and the finest form of marketing, word of mouth recommendation are used to advertise and market this business. In addition, the business has sign-written vans that help to expose the business brand name to the surrounding area.

An immense opportunity exists to build on an excellent reputation and implement further and more assertive methods of advertising to expose the business to even greater markets. Various methods could be used in this regard, including, a direst sales force, trade exhibitions, and direct mail.

The company does not have a web presence and there is no doubt that turnover and profits could increase using this additional medium.

Premises:

The premises are located in a thriving city in East Scotland and comprise of an extensive facility that is fully equipped and provides well-suited space for this business, with good frontage and excellent signage.

Employees:

The company currently has a staff compliment of nine, and provides a friendly working environment for its employees, striving to develop their individual strengths.

Support and training:

The owner will provide full business familiarisation, training and handover.

Reason for sale:

The three directors of the company have now reached between the ages of fifty and sixty years old respectively, and are now ready to retire following the successful handover of the business.

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk