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Deal Opportunities.co.uk

the UK marketplace for company sales

Commercial kitchen & restaurant design & build

Reference
S12064
Turnover
£5m to £10m
Sector(s)
Construction, Food & drink, Service industries
Region(s)
UK Wide
Added
29 October 2024

Business description

Project Velvet specialises in the design, supply and installation of food service and bar facilities for high-profile clients located across the UK.

Providing clients with a complete turnkey solution for commercial kitchens and associated catering areas, the business has become a trusted and reliable national food service system contractor.
The company has developed its capabilities over the last 20 years via a diverse client network and a high potential e-commerce platform which facilitates the sale of kitchen equipment and small wares directly to the consumer.
Having built up a highly reputable business, our clients are now offering the company for sale to facilitate a phased directorial exit strategy.
Offers invited.

Highlights

  • Operates to a number of industry trade standards, including Gas Safe, SafeContractor, CHAS, and Constructionline. 
  • Long-standing relationships with buying groups and has direct deals in place with all major brands. 
  • Gold Standard partnership status with various suppliers enabling maximum purchasing terms and associated benefits. 
  • Operates across a wide range of sectors, including brewery, education, construction, local Government, hospitality, and healthcare. 
  • Benefits from over 350 active clients, 80% of which provide reliable streams of ongoing revenue. 
  • Highly skilled workforce in place overseen by a robust management team that can oversee day-to-day operations with minimal oversight from the directors. 
  • Operates from office and warehouse premises, both of which are leased.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2021 (Actual) 3,414 55
2022 (Actual) 6,237 404
2023 (Actual) 6,766 451
2024 (Actual) 7,432 310
2025 (Forecast) 7,564 397
  • YE23 turnover in excess of £6.7m. 
  • EBITDA of £451k achieved within the same year. 
  • Strong forward order book value in excess of £2.2m. 
  • Expected turnover of £7.5m in YE25. 
  • Has recently taken on numerous large clients, which could generate the company up to £4.4m in the next few years. 
  • In the final stages of contract negotiations with a major hotel company, with a value of circa £300k.

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