Manufacturer and Supplier of cleaning, foodservices, plumbing, gas and catering parts to the hotel and building trades
Ref. IO035
Location Re-locatable
Asking Price £350,000
Business Profile
Introduction
Turner Butler has been appointed to invite offers of purchase for 100% of the Issued Share capital of Mecserflex Manufacturing Company Limited incorporating Sage Sanitizing Systems, a international company specialising in the commercial catering and foodservices sectors.
Key strengths:
The business has the following key attributes:
• Powerful and well known brands within the commercial catering and foodservice sector.
• Areas of operation include cleaning and sanitizing systems, foodservice plumbing, gas connectors, infrared heaters and catering spares.
• Specified products by major international hotel and restaurant chains for building and refurbishment plans.
• Solid, longstanding customer base.
• Strong order book.
• Substantial potential for range and market expansion.
• Easily transportable, profitable business.
The business provides an acquirer with:
• An ideal bolt on for a company already operating in the commercial catering and foodservices sectors looking to expand their market presence.
• An excellent opportunity for an organisation, possibly already operating in an adjacent sector, looking to enter the commercial catering and foodservices sectors.
Financial profile:
For the financial year ending December 2014, the business generated turnover of almost £570,000, gross profits slightly in excess of £190,000 and an EBITDA before Directors’ costs of £32,800. Shareholders Funds, adjusted to exclude the outstanding loans in the Business stood at £77,200.
The Asking price of £350,000 is for a sale of 100% of the Issued Share Capital in Mecserflex Manufacturing Company Limited based on an adjusted Balance Sheet value of £77,200.
