KBS Corporate Advise on Sale of Hay Hampers Ltd
Established for 30 years, Hay Hampers has a renowned reputation for creating luxury food and wine gifts for customers all over the world, from large corporate clients to private individuals.
Based in Grantham, this relocatable business boasts an enviable online presence, generating a turnover of £660,000 with an adjusted profit of £96,000.
The Hay Hampers team is dedicated to helping customers choose gifts to celebrate events and occasions from Christmas gifts, sales incentives, promotion and motivation schemes, to birthdays, engagements, weddings, anniversaries and thank you gifts.
The deal was completed just 10 months after the business came to the market and was acquired by Trade Buyer Gabriele Da Re of Dare & Dare Ltd, a gourmet Italian food company. The share sale was valued at £320,000 and the company will continue to trade as Hay Hampers in its existing location and run alongside their Italian foods operations.
The deal was concluded by KBS Corporate and the opportunity generated interest from as many as 29 parties and received 2 offers.