The company’s core service is operating canteens within secondary and third-level education settings throughout Ireland, offering students and staff freshly cooked, healthy meals and snacks each day.
The business supports the installation and running of new canteens in schools and colleges, which has strengthened the longevity of its relationships in the education sector.
The company also provides vending machines and water coolers to education, commercial and leisure premises.
Ongoing healthy eating initiatives and the sustained demand for catering solutions across education and non-education premises place the company in an advantageous position to pursue growth. This may include diversifying into full-service catering within workplaces and for events.
Our client is offering the company for sale to facilitate retirement plans. Offers invited.
Key Highlights
- 95% of income secured through repeat business, with some client relationships spanning 20+ years.
- Rolling contracts and five-year agreements in place with clients.
- 30,000+ cashless top-up cards in operation across schools and colleges.
- 90% staff retention rate since 2021.
- Largely self-sufficient senior management team.
- Retains a long-standing supplier network and flexibility to use other suppliers.
Financial Highlights
- Forecast to achieve a YE26 turnover of €8.5m and adjusted EBITDA of €1m.
- Generated a YE25 turnover of €8.2m, with an adjusted EBITDA of €957k.
- Low client concentration; no client generates more than 5% of the turnover.
