Total of 18659 firms and businesses for sale today Saturday 4th May 2024
Sold. Chilled Ready Meals Manufacturer
LISTING DETAILS
Firms For Sale ID:
29862
Vendor reference:
EJ060
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£250,000
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed
Years established:
4
Number of employees:
16
OTHER DETAILS
Reason for selling:
Vendor wishes to return to his homeland
Support and training:
Full support and training will be provided for a negotiated period of time
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business occupies three units. Two of these units have a 10 year lease remaining. Adjoining these there is a unit on a sub-lease with 5 years to run; all with the rights to renewal.
The premises are fully fitted to the higest standards for food production and include a cold room with 70 pallet capacity. The microwave tunnel is just 4 months old but with 11 months guarantee. The packing lines are also situated in the units.
BUSINESS DESCRIPTION
Chilled Ready Meals Manufacturer
Ref.EJ060
Location Middlesex
Asking price: GBP 250,000
This successful family run business has become renowned since its inception in 2009 for the preparation and distribution of innovative gourmet style chilled ready meals, prepared using the latest technology from Europe.
The business has the exclusive UK license to use this technology with a further 3 years to run, at the end of which we are informed that this exclusivity could be extended.
Mainly automated, all prodution is done on-site through innovative new manufacturing methods, using 100% fresh ingredients. Quality control systems are in place to ensure products are prepared to the highest standards. The site is fully BRC accredited with a grade A rating. Food production is split 80 percent own brand and 20 percent other.
Fourteen lines of ready meals are prepared including Indian, Italian and Chinese.
Following preparation, the cooking and in-pack pasteurisation is completed by passing food packs through a unique process which is highly energy efficient and effective. The food is individually packed and sealed prior to cooking to retain all the valuable nutrients, flavours and textures of the ingredients, after which they are cooled and sleeved for distribution. This latest technology gives the ready meals an extended shelf life coupled with fantastic quality and has proven a big hit with the foodservice and retail sector. The extended shelf life also makes the product ideal for retail outlets such as garage forecourts and general retail stores.
The ready meals are prepared in three different pack sizes, (1 kg, 340g & 250g) with the 340g being the overall biggest seller Meal bags consisting of meals + naan + rice go to some customers and are popular takeways in retail outlets.
The business customers are all household names, multiple retailers and food service distributors. There is massive oportunity to expand the customer base and product range. The product, with its high quality, nutritious, portion controlled offering is highly suitable for schools, universties, the armed forces etc.
Expansion Potential
The chilled food sector has experienced significant growth over the last few years and this business is poised for future expansion and development in this area.
There is considerable opportunity to expand the product range and customer base.
There is also a massive opportunity to enter the own brand market and discussions are already at an advanced stage with one major UK retailer.
Market / Competition / Non-Competition Agreements
A professional company website showcases the products on offer and highlights the enthusiasm of the team and innovative history of this business for sale. The business has featured on T.V. and in press releases.