ACQUISITION OPPORTUNITY – Project Fly

Fourth generation professional auctioneers and valuers

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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
Turnover2,8312,107
Net Profit/ (Loss)139(10)
Statement of financial position
Fixed Assets10791
Current Asset1,2251,709

*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