CoGoGo is delighted to welcome to the market this long-established and highly regarded artisan confectionery business, specialising in the manufacture and retail of premium handmade fudge. Established approximately 25 years ago, the business has built an excellent reputation for producing high-quality fudge in an extensive range of flavours, attracting a loyal customer base across Lincolnshire and beyond.
Trading successfully through farmers' markets, agricultural shows, food festivals, exhibitions and its own e-commerce website, the business offers an attractive lifestyle opportunity with significant scope for future expansion. The business is being offered for sale as the owner is relocating abroad.
Old Elephant Fudge is an established artisan brand renowned for producing handmade fudge using premium-quality ingredients. Around 50 delicious flavours are offered, including gluten-free, vegetarian and vegan options, giving the business broad customer appeal.
Historically, the business achieved annual turnovers of around £45,000 when operated on a part-time basis by one person, demonstrating the strength of the brand and the potential available to a motivated purchaser. The business currently benefits from an established website, social media presence and loyal repeat customers.
There remains excellent scope to increase profitability by:
Expanding online sales and digital marketing
Attending additional farmers' markets, food festivals and trade events
Targeting wealthier regions and travelling further afield
Developing wholesale opportunities with retailers and farm shops
Operating the business on a full-time basis
The sale includes valuable intellectual property, recipes, supplier contacts, website and social media accounts, initial training, ongoing consultancy support and a comprehensive range of production and market equipment.
Financial Profile
We are advised that the business currently generates a turnover of approximately £15,000 with a net profit of around £10,300. Assets are understood to be in the region of £7,000 to £9,000.
Historic trading demonstrates significantly greater potential, with annual turnover previously reaching around £45,000 when operated part-time by a single person. The owners believe that a full-time operator could realistically grow turnover to £80,000 or more, producing an estimated net income of £35,000 to £45,000, subject to individual operation and market conditions.
