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the UK marketplace for company sales

Pastry & soup for the retail sectors

Reference
S8955
Turnover
£5m to £10m
Sector(s)
Food & drink, Manufacturing, Retail & wholesale
Region(s)
UK Wide
Added
21 June 2022

Business description

The company provides high-quality pastry products for use in the manufacture of meat and fruit pies, including frozen and chilled pastry in both puff and shortcrust variants, pre-baked pies and pastries, and chilled soups.

Products are transported to clients’ premises utilising a fleet of temperature-controlled vans.

Clients include independent butchers, bakers and caterers, major supermarket chains, manufacturers and wholesalers, with no individual source providing over 7% of the company’s annual turnover.

The shareholders are offering the company for sale as part of their retirement plans.

Offers invited.

Highlights

  • All clients provide regular, repeat business, with many relationships spanning over 20 years. 
  • Strong second-tier management team. 
  • Operates from freehold premises, which will be included in the sale. 
  • Growth opportunities include the development of its product range and the introduction of a second shift. 
  • Ideal location, diverse client base and excellent product range could appeal to buyers already in food distribution, especially in butchery supplies or related trades.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 6,402 809
2021 (Actual) 6,022 650
2022 (Actual) 6,736 801
  • Turnover of £6.7m, with an adjusted EBITDA of £801k.
  • Gross profit margin of circa 45%. 
  • Shareholder funds in excess of £2m.

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