Supplier & Maintenance of Bakery, Catering & Refrigeration Equipment
Location : Northern Ireland
Asking Price : £295,000 + SAV
Turnover : £770,000
Net Profit : Undeclared
Gross Profit : £283,569
EBITDA : £130,000
Net Asset : Undeclared
Premises : Leasehold
Confidentially offered for sale
Gross Profit: £283,569
Adjusted EBITDA £130k before a single owner’s drawings
Turner Butler has been appointed to invite offers of purchase for the assets and goodwill of one the major suppliers + maintenance providers of bakery and catering equipment in Ireland.Business Profile
The business was established circa. 25 years ago and is now one of Ireland’s largest suppliers of new, reconditioned and used bakery, catering and refrigeration equipment.
Operating across the island of Ireland, the business has an excellent reputation and benefits from regular, repeat business from a wide range of small and large organisations - some well-known multinationals.
With many years of experience in the field, all of the staff are highly experienced and motivated, and undergo extensive training. The service engineers are all time served and qualified in Electrical Refrigeration.
The business also operate a 24 hour phone number in the event of a client having an emergency ensuring that customer machines can run at peak efficiency and keep lost production to a minimum.
This well-established company benefits from a good reputation and large customer base. The company has a large stock of new, re-conditioned and used equipment enabling them to cater to needs of various customers.
The company also benefits from having few significant operators/competitors in the same sector within Ireland.
Take the firm further with opportunity for increased sales and services. (product range and geographical coverage).
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 last year’s turnover was in excess of £770K with a net profit of £130K before a single owner’s drawings.
There are opportunities for further expansion and an increase in sales.
There are wonderful opportunities for an ambitious new owner to increase sales by pursuing new leads (e.g. nursing homes) and/or increasing sales to current contacts.
The company has mainly concentrated on electric refrigeration but has huge potential to move onto gas equipment.
Leasehold - 10 year lease (2 years left). £1000pcm. New lease negotiable.
Conveniently located in an accessible and central business park.
Secure yard, washing facility/bay, workshop (Circa. 6000ft² including parts store and sales showroom) and 2 offices.
Open 5 days a week. 8.30am-5pm (with 24 hour call out).
Alarmed and a secure yard.
All the staff employed by the company are highly experienced professionals.
2 x Directors
1 x Office/Accounts
3 x Engineers.
The vendor will provide full business familiarisation and training.
The owners are contemplating retirement.
If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.
If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at firstname.lastname@example.orgTurner Butler Disclosure Statement
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