7098LE LEICESTERSHIRE L/H£199950 ICE CREAM MANUFACTURER
Asking Price: GBP
199950
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| Description: |
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Advent Business Sales have been
instructed to offer for sale this ice
cream/yoghurt distributor and
manufacturer.
The business was established over 64
years ago with the current vendors in
ownership for the past 23 years. The 3
current partners have reluctantly
decided to sell due to their retirement
plans. We are informed by the vendors
that a generous hand over period is
offered and terms of which are
negotiable.
The business has provided an excellent
return to the vendors. Over the years
the vendors have shifted the emphasis
from manufacturing to distribution.
This has allowed the reduction of
overheads by out sourcing and creating
more free time for the vendors.
There are essentially two sides to the
business, firstly, the company used to
manufacture set natural yoghurt. They
started this around 10 years ago which
also involves the supply of paneer and
single cream. Over the past 5 years our
client has out sourced this product
leading to better purchase prices and
more time to concentrate on other
aspects of the business.
Yoghurts are also supplied in various
sizes for the commercial market.
The customer base includes
approximately 76 shops, restaurants
and wholesalers.
Recently a new wholesaler has begun to
purchase the yoghurt which has
significantly increased sales.
The owners still manufacture a small
quantity of yoghurt at the farm. No
stock is held as all production is
essentially work in progress.
The yoghurt side supplies to a very
selective customer base within
Loughborough, Leicester, Nottingham,
Derby, Burton on Trent, Hinckley,
Nuneaton and Coventry.
There is huge scope to supply many
other new customers within this area
for example, only 45 restaurants are
currently being supplied.
There is also scope to supply further a
field; a new owner with a sales force
could increase sales for yoghurts
dramatically.
Three chiller vans currently distribute
the yoghurts on a regular basis.
The second side of the business is ice
cream, which involves the supply of ice
creams. Our clients are regularly
approached by other ice cream vans to
supply them.
It must be noted that the owners are
conducting trade in a very relaxed, laid
back manner due to their retirement
plans.
The business also owns 2 ice cream vans,
which frequent schools, residential
areas and large markets.
A new owner could easily expand this
side of the business with the purchase
of more vans and sell directly to the
public, which increases the margins
terrifically.
Our client also manufactures a unique
ice cream product called milk ice which
has less than 3% fat. This is freshly
made from milk and butter and sold on
their own vans. Normal ice cream has a
fat content of 15 – 20%. This quality up
market product can easily be supplied to
restaurants.
The vendor already supplies 45
restaurants with yoghurt; this area
provides massive scope together with a
range of up market quality ice creams.
At present there is no advertising
conducted, all sales are from word of
mouth. There is excellent potential for
increased sales through a web site,
internet marketing and marketing to
businesses throughout the region.
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
Weekly Sales: £5,000
Gross Profit: 40%
Reconstituted net Prof: £58,000
Accounts will be made available to
interested parties after a viewing has
taken place. Please let us know if you
require finance for the purchase of a
business.
BUSINESS PREMISES
A single storey storage unit and
manufacturing plant with parking
facilities for vans and consisting of the
following:
Ground Floor
? Entrance into
manufacturing/storage area with 2
large fridge’s, 1 large cold room, 250
litre 3 in 1 ice cream pasteurizer 3.5
gallon batch freezer, 2 large
trailers for storage, stainless steel
tables
? Offices
? W/c
The following vehicles are also included
in the sale:
? 2 ice cream vans
? 3 chiller vans
TENURE: Leasehold
Current Lease: 3 years
Lease Remaining: 3 years
Review every: 3 years
Annual Rent: £3000
We are advised that the annual business
rates are currently: £1,100 |
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| Financial Information: |
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| Annual gross sales: (GBP) |
N/A |
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Yearly Revenue: (GBP)
Total yearly sales revenue |
N/A |
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Net Profit: (GBP)
Total profit before taxes |
58000 |
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| General Information: |
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| Business Area: |
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| Year Established: |
1985 |
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Is Relocatable?:
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No |
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| Business closed or an asset sale : |
No |
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| Is Home based business?: |
No |
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| Real estate status: |
No |
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Reasons for selling:
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It must be noted that the owners are
conducting trade in a very relaxed, laid
back manner due to their retirement
plans. |
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