Production of confectionery products with customers throughout Slovakia

Banskobystrický region, Slovakia

listing nr.: 230005

Photo is illustrative
Valuation 600 000 €
Net debtNet debt is an indicator of a company's indebtedness. It is expressed as the amount of the interest-bearing loan minus the cash in the company.
303 000 €
Revenues Revenues express the total annual volume of the company's performance, which the company obtained through the sale of goods and services during the accounting period.
585 000 €
HistoryDuration of business operation.
13 years
EBITDA EBITDA is a financial indicator of the company's operational performance. Annual EBITDA is expressed as earnings before interest, taxes and depreciation in a given year.
130 000 €
EmployeesThe number of employees employed in the company on a permanent employment contract as of the date of publication of the offer.
25

Basic information

The subject of sale is a 100% share in a company operating an established confectionery production in southern Slovakia. The company has been operating in the industry for more than 11 years, during which time it has become a strong player in the field of confectionery and dessert suppliers. The company is based in southern Slovakia, but delivers products through its own delivery to customers throughout Slovakia. The company’s products mainly include cakes, desserts, macaroons, strudels, cheesecakes and cakes.

The company currently supplies its products to more than 70 customers, to more than 200 establishments. A typical customer of the company is a pastry shop or food store chains. The company delivers to approx. 100 establishments on a long-term basis, on the basis of regular deliveries.

The company is financially sound and generates a stable profit. Since the company is registered as a social enterprise, a large part of the wages paid is covered by subsidies, which is a huge competitive advantage for the company. Subsidies are able to cover up to 200,000. EUR per year from labor costs.

Production takes place in our own premises in a small village in southern Slovakia. These premises house the company’s administrative and production facilities with ultra-modern equipment and technology. The building was built in 2007, the premises are modern and adapted to confectionery production. The electric energy is partly drawn from the installed PV panels on the building. In addition to this building, the company also uses a warehouse area of 90 m², which the company rents.

The company currently employs 28 employees, most of whom have been working for the company for a long time and are experienced workers. However, according to the owner, if there is a plan to expand the product portfolio, it would be necessary to strengthen the team with a capable confectioner. The owner is only involved in supervision and strategy in the company, while currently devoting no more than 20 hours of time per week to the company.

The owner of the company is selling only because of time constraints and the impossibility of fully devoting himself to the company. Therefore, he would like to hand over the business to an interested party who will have the opportunity to further develop it and make full use of its potential. The company is ideal both for an individual investor who is interested in doing business in the food industry and using the potential of established production, or for a strategic investor who will use the capacity of already established production and the customer network.

Overview of the company’s financial results

 

Tangible property

  • equipment of the confectionery workshop
  • work tables, rotary ovens
  • gastro refrigerators, shockers
  • gastro dishwasher, stove
  • dressing machine, coating machines
  • gastro scales, blenders, mixers
  • photovoltaic power plant
  • food truck – Ford Transit
  • 3x passenger car and 4x van
  • tangible property is estimated to be worth approx. 350,000 EUR
  • inventories worth 22 thousand EUR

Intangible assets

  • long-term business relationships
  • registration as a social enterprise
  • contracts with regular customers (grocery store chains)
  • professional and trained work team
  • HACCP certification and license
  • know-how

Real Estate in Property

Production and administrative building

  • built-up area: approx. 673 m²
  • other area: approx. 1860 m²
  • estimated value: 300 thousand EUR

Rentals

Storage space

  • area: approx. 90 m²
  • Rental amount: 340 EUR/month

Employees

  • Pastry chef/assistant pastry chef – 13
  • Marketing worker – 2
  • Chauffeur – 2
  • Executive Director – 1
  • Administrative worker – 1
  • Cleaning – 1
  • Accounting – 1
  • Maintenance – 1
  • Work assistant – 1
  • Production Manager – 1
  • Street Food Vendor – 4

Indebtedness

  • bank loan EUR 235,800, due March 2030
  • car loan 31.EUR 500, due March 2027

Total annual sales

  • 2019: 360 thousand EUR
  • 2020: 400 thousand EUR
  • 2021: 400 thousand EUR
  • 2022: 430 thousand EUR
  • 2023: 530 thousand EUR (estimate)

Operating EBITDA

  • 2019: 80 thousand EUR
  • 2020: 93 thousand EUR
  • 2021: 93 thousand EUR
  • 2022: 111 thousand EUR
  • 2023: 138 thousand EUR (estimate)

Note: we present adjusted real EBITDA after normalization by non-standard items.

Other information

  • History: 12 years
  • Reason for sale: owner’s focus on other business projects
  • Legal form: s.r.o.
  • Subject of sale: 100% share in s.r.o.

 

I am interested

Ing. Tomáš Šuverík

managing director

+420 731 788 155
suverik@inbase.cz

If you are interested, contact us!

We will be happy to provide you with more detailed information after signing a non-disclosure agreement (NDA).