Loc" />
Sold Businesses... Businesses for Sale...

Makers of Award Winning Jams, Jellies, Marmalades, Chutneys

1850IP
Food and Drink Manufacturers and Suppliers
UK  > East Anglia > Suffolk

Summary

170000
£231,629
-

Business description

Location

The business is based in a Suffolk town. There is free parking available on site for 4 cars at the front of the building and conveniently a pay & display immediately next to the premises. 


Reason for Sale

The vendor wishes to concentrate on other unconnected business interests, which are not in Suffolk.

Business Profile

Formed in 2013 after the vendor acquired an existing, established preserve business, new premises were found and refurbished, which included the building of a purpose made kitchen and an outside wash plant. The vendor has grown the business in a short space of time with sales up by 53% in 2016 compared with the previous year. Excellent website established, along with high profile clients in the food and drink industry sector.

Products

The business has a very strong and unique brand. The brand logo is IP protected and the purchaser would be licensed to use the branding for preserve making purposes.  There is a ‘secret’ recipe book and the varieties of artisanal products include:
Jams
Jellies
Marmalades
Chutneys
Numerous awards and accolades have been won, including SALSA accreditation.

Customers

There are currently 20 active customers, including some extremely high profile and prestigious names. The vendor is in further discussion with 8 potential new customers. The present market place is:
Retail
Distribution
Catering
Own label customers
There is huge potential to scale up this already expanding business – see details under ‘Growth & Expansion’.
The following elements are included in the sale and the asking price of £170k + SAV:
1. Operational:
a) Brand licence
b) Recipe book
c) Customer base
d) Website
e) HACCP/SALSA
2. Manufacturing equipment – there is full schedule, with 95 key items
3. Stock at valuation (see below)
4. Goodwill based on the 2016 annual accounts
The vendor has informed us that the stock holding is circa £30,000, which includes:
Frozen food
Dry food
Containers, labels & boxes
Completed stock

Equipment

None of the fixtures and fittings have been checked or tested by Advent Business Sales Ltd and a potential purchaser should make their own checks regarding existence and condition.

There is a full schedule of manufacturing equipment that includes 95 key items.

EPC 

Energy rating: E

Viewings:

To arrange a viewing please contact the agent.

DISCLAIMER: Viewing is essential to fully appreciate this business and is strictly by appointment only through the agents. All negotiations must be conducted through Advent Business Sales. Businesses/Properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.
These particulars are provided as a general outline only for the guidance of intended purchasers or lessees and do not constitute all or part of an offer or contract.
All information supplied via Advent is based upon information supplied by the Vendor who has warranted to Advent that all of the information is accurate. Nevertheless, details are given without responsibility by Advent Business Sales Ltd for any or all descriptions, dimensions and reference to condition or value. Intending purchasers should not rely on these details as statements or representations of fact but must satisfy themselves of their accuracy by inspection, by independent advice and/or other appropriate means. 
No person representing Advent Business Sales Ltd has any authority to make or give any representations or warranty whatsoever in relation to this or any other property.

Property information

Leasehold
No
No
Yes
No
No
No

Business operation

Mon – Fri with flexible hours depending upon peak periods, e.g. the lead up before Christmas and to meet customer demand.
6
This is already an established and profitable concern, which offers excellent scope to increase both sales and profits further by:

Securing some of the 8 potential new customers who the vendor is in further discussion with
Attending food events/festivals 
Adopting a marketing plan and strategies to include:
Premium/luxury retails stores
Premium hotels 
Cruise liners
Airport stores
High end hospitality events
Event goodie bags
Selected online retailers
As promotional goods
Bars (mixing preserves & marmalades into cocktails!)
For an existing player in the market, economies of scale can be achieved

Documentation

Confidentiality Agreement

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Disclaimer

Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Getting more in the reccession

Don't let the reccession affect your dreams! Advent has a proven track record to get value regardless of the economic climate. Get more with Advent