Supplier of specialist vending machines

Additional revenue is generated from the sale of associated products; rental agreements in place for various machines; maintenance and support services; and commission from contactless payments.

The shareholder is offering the business for sale to facilitate their retirement. Offers invited.

Key Highlights

– Exclusive UK distribution agreements in place with the manufacturers of its machinery, allowing it to benefit from an excellent share of the market.

– In-house manufacturing capabilities that have led the company to launch a series of additional machines.

– Caters to 150 customers at present. The majority of revenue is generated by the farming industry, with additional sales deriving from community shops, veterinary colleges and from the commercial sector.

– Approximately 80% of customers provide regular repeat business with some relationships spanning five years.

– Customers are predominantly based in the UK, with additional enquiries from Canada and the USA.
Operates from leasehold premises.

Financial Highlights

– Turnover of £674k achieved in YE23.

– Management accounts of £980k for YE24, with an adjusted EBITDA of £61k.

– 40% of revenue is driven by dependable or contracted business, including the sale of consumables and income from rented machines.

– Benefits from a steady number of enquiries on a monthly basis, with orders of £50k expected to be confirmed presently and £250k of outstanding quotes awaiting an outcome.