Leasehold Ice Cream Manufacturer
Location England
Asking Price Range < $250K
Gross Revenues $260000
Net Profit / Cash Flow $58000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1998
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Description LEASEHOLD ICE CREAM MANUFACTURING BUSINESS FOR SALE. ASKING FOR œ199,950. 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.
The following vehicles are also included in the sale: 2 ice cream vans and 3 chiller vans.
TENURE - Leasehold. Current Lease - 3 years. Lease Remaining - 3 years. Review every - 3 years. Annual Rent - œ3,000. We are advised that the annual business rates are currently: œ1,100.
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