Established farm shop business in Devon

Company: IBA Corporate

IBA has been engaged as the business sales agent for a Farm Shop business which is well-known in the local community for its traditional farming practices, welcoming owners and specialty foods such as pasties and pastrami. The business consists of a farm shop, restaurant and garden center and operates as a partnership. It is located on a freehold brown site premises of 1.5 acres with easy access owing to a busy main road that passes by it.

The concerned business venture grossed an average of 47.7% profit margin within the last three financial years and has a strong working capital to expenses ratio of 50.5%. It also generated an EBITDA of £294,325 in the last three years of operation with an impressive 225% increase in net profit for FY 2017 as compared to 2016.

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