Business description

Established just three years ago, the business was built on solid foundations gained from the owners vast experience in the catering industry. This has been instrumental in the company expanding at a rapid rate with further growth predicted over the coming years.

The company specialises in the supply of individually crafted sandwiches ranging from the most simple to a bespoke sandwich with complex ingredients. This is a full turnkey business with everything provided from the labelling and packaging right through to the end product. The business supply sandwiches for both the hospitality market and also to institutions, canteens and outlets who then retail the sandwiches to the end customer. Clients include; hospitality events at racecources, regional showgrounds, professional football clubs, wedding venues, and other prestigious major events. Sandwiches provided for retail include; univeristy & college refectory’s, local council canteens, museums, public gardens plus a host other regular repeat clients.

The business is all year round with a 24 hour 365 day service provided to their customers. Whether it is an wedding on a weekend or a event on Easter Sunday, the company’s attitude is to never let their clients down and they have taken service to a new standard within the catering industry.

The company is on a continual upward growth pattern with no loans, debt free, profitable with further growth forecast for the coming two years of circa 50%. They have achieved their current position without appointing a sales person and with little sales expertise. This would be an ideal business for new owners to take the business forward to the next level with fresh enthusiasm, drive and a small amount of investment.

Key Strengths:

The business has benefited from the owners vast experience within the catering industry, having worked for some of the UK’s largest and best known company’s. The company has built its reputation quickly through their ability to provide an on time error free service of delicious sandwiches to their clients at a competitive, within budget price – simple, yet extremely effective. Sandwiches provided include wedges, wraps, buns, bloomers and Panini’s.

Within three years they have built up an envious client base of both public and private sector regular repeat clients helping the business to become an all year round operation. They are able to handle both small and large enquiries of up to 5,000 units at a time and have workers available to provide sandwiches 365 days per year. There are verbal contracts in place with universities, colleges, museums and other outlets that retail the sandwiches on a daily basis and there is vast scope to grow this side of the business.

Sandwiches are made by hand, by a team of highly trained and dedicated staff using only the finest ingredients available sourced locally from a list of carefully selected suppliers. The company has a food manufacturing accreditation reflecting the high standards of food safety worked to. Orders are delivered on a daily basis using refrigerated vehicles.

Financial Information:

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 turnover is circa £480,000 per annum with Net Profits of circa £77,000.

Property information

Property:

Leasehold

Lease terms:

The lease is on a rolling three monthly term until 2012 and is £23,957 per annum with rates of £4,318 per annum.

Location:

The business is operated from two units in a small industrial park.

Unit one is a single floor with offices and the main food production area, which is an encapsulated area being sealed off for health and safety reasons. The food production prep area is made entirely of stainless steel. This area comes under the food manufacturing standard accreditation. There is also a goods in bay with a staff toilet block.

Unit two has a small office and the large area is used for storage and packaging. Both units are secured with roller shutter doors.

The lease is on a rolling three monthly term until 2012 and is £23,957 per annum with rates of £4,318 per annum.

Other information

Support & training:

The owner would be happy to help out with a smooth transition of the business and are prepared to help for a period of time to introduce the new owners to all of the major connections that the company deal with on a regular basis.

Reasons for selling:

Following many enjoyable years in the catering industry, the owner would now like to take life a little easier.