Operating Across Ireland
Overview
Manufacturing all of its own-brand trademarked product, Project Lux Cream is a group of companies that operate three retail outlets and seven franchisees throughout Northern Ireland.
As a proud gelato manufacturer, the group uses traditional Italian methods whilst sourcing the highest quality local ingredients.
The group prides itself on being an innovator in the field, producing viral ice-cream products and desserts, that are sold across its parlours.
Having built up a successful business model, our clients are now offering the group for sale to facilitate growth under the impetus of new ownership.
Offers invited.
Key Highlights
- Primarily operating on a B2B basis, generating excellent revenue via its franchisees. B2C sales are facilitated by heavy store footfall on a daily basis.
- Exceptional franchise model that has been accredited by the British Franchise Association for Ethical Franchising.
-Has a ready-made package of training content, a manual, and retail management software to facilitate a roll-out of the brand into new territories.
- Strong social media presence, often collaborating with social media influencers to promote new and seasonal products.
- Operates from three retail outlets and a high-quality production facility that boasts state-of-the-art equipment.
- Owns multiple UK trademarks as well as a USA trademark.
- Has built excellent relationships with manufacturers and buys directly from suppliers to decrease costs.
- Recently been awarded an innovation voucher to develop a reduced-sugar ice cream, which has the potential to be sold in supermarkets due to current demand.
- Has received enquiries from prospective franchisees in the UK, Spain, Turkey, and the USA, demonstrating huge scope for geographical expansion.
Financial Highlights
- Turnover in excess of £1.85m in YE23, with an EBITDA of £329k.
- YE24 forecast turnover of £1.88m, with an EBITDA of circa £413k.
- All stores have signed for five-year franchise agreements, which comprise a franchisee fee of 6% per month through the term and confirmation that goods are purchased directly through the group.
- Each store, including the company-owned stores, is operated as a franchised outlet, purchasing all of the stipulated products from the group and paying franchise royalty fees.
