This Company is positioned as a provider of medium to high range commercial catering equipment, marketing via 2 websites to buyers who typically know the product they are looking for. Having developed the business over 10 years, the vendor wished to retire.
The business attracted both trade and private interest, and although some were put off by the niche nature of the business, offers were received on a fairly regular basis, although not sufficiently attractive to be acceptable. Eventually persistance paid off and the right buyer, making the right offer was identified. The due diligence was relatively uneventful and just over 2 months later, the sale was completed.