ACQUISITION OPPORTUNITY – Project Fly
Fourth generation professional auctioneers and valuers
The opportunity to acquire the business and / or assets of a market-leading travel caterer supplying airline carriers with premium branded food and drinks products.
Overview
Well established travel and retail business operating for over 20 years; specialising in supplying airlines across the UK, Europe and the Middle East with high-quality food and beverage provisions.
Services provided include sourcing and developing existing and new product lines to suit the industry; managing cost-effective logistics on behalf of airline customers, and/or engaging and incentivising on-board crews to boost sales.
The Company’s suppliers are well-known food brands who they work alongside to ensure their products are adapted to fit the travel retail market and guarantee sales; which in turn provides brand exposure and marketing for suppliers.
Key Features
- Turnover £2.83m in FY23
- Experienced team of 4 employees
- Established relationships with premium food manufacturing brands
- South-East based head office
Assets for Sale
- Goodwill/ Intellectual property
- Website
- Fixed Assets – office equipment, furniture & fixtures
- Customer database and contracts
Summary of Financial Information
£’000 | FY23 Actual | FY24 Draft | |
Income Statement | |||
Turnover | 2,831 | 2,107 | |
Net Profit/ (Loss) | 139 | (10) | |
Statement of financial position | |||
Fixed Assets | 107 | 91 | |
Current Asset | 1,225 | 1,709 | |
*MI figures provided by management
Process
Further information can be obtained from KBL Advisory on completion of a standard non-disclosure agreement.
KBL Advisory is requesting indicative offers, supported by proof of funding, by 5pm on Friday 21st February 2025 with a view of completing a transaction as soon as possible thereafter. We reserve the right to close the bidding process early or extend the deadline for indicative offers without liability or advanced notice.
All correspondence in relation to this opportunity should be directed to KBL Advisory as follows:
Sarah Bates
KBL Advisory Limited
Tel: 07414 932581
Email: sarah@kbl-advisory.com
or
Julie Webster
KBL Advisory Limited
Tel: 0161 637 8100
Email: julie@kbladvisory.com