Overview
Project Zenith has built an impressive reputation for the production and supply of cooking wine and vinegars to wholesalers, retailers, and manufacturers in the UK and the Republic of Ireland.
The group has developed strong, long-standing relationships with numerous prestigious food organisations, including the top five buying groups within the UK, presenting an ideal platform from which a new owner can facilitate further growth.
Our clients are now offering the three companies within the group for sale to gain an understanding of the market appetite and to facilitate growth under the impetus of new ownership.
Offers invited.
Key Highlights
- Largest supplier of five-litre vinegar, white-label vinegar, and cooking wine to the food service market.
- Approximately 10 million litres of wine and vinegar are sold on an annual basis.
- Benefits from a varied customer base, including independent wholesalers, farm shops, and national buying groups.
- Has amassed a customer base of over 600 organisations, 95% of which provide reliable streams of ongoing revenue.
- All production is operated in-house via a fully automated line to ensure optimal efficiency.
- 30% of annual turnover is derived from contracted income.
Financial Highlights
- YE24 turnover of £5.3m, with an adjusted EBITDA of £937k.
- Forward order book value of circa £1.3m.
- Onboarding a new client within the next six months, which will generate an additional £500k per annum.
- Commercial agreement also expected to increase revenue by £350k per annum.
