You want to sell your cooking store? Then it's good to know what the takeover market in the field of cooking stores looks like. Home dining, plant-based eating and digitalization are providing opportunities for cooking stores to boost their physical store in this digital age.
The number of cooking store consolidations recovered somewhat in 2024.
There are many ways to value a business. A common method of expressing the value of a business is "a factor x gross annual profit." This factor is also called multiple and another designation for gross annual profit is EBITDA (Earnings Before Interest Taxes Depreciation and Amortization).
In the retail sector, the sector to which cooking stores belong, an indicative range of EBITDA multiple of 1.9 to 3.0 is currently used, according to the Brookz Takeover Barometer. The average EBITDA multiple across all SME sectors is 4.9.
The valuation of a business is often the starting point for negotiations between buyer and seller. The outcome of these negotiations is the final sales price. So valuation and price are two different quantities. Besides valuation, the price is also determined by possible scarcity in the market, bargaining power of the parties, the strategic value of the business for the buyer and possible synergy effects for the buyer (cost savings, purchasing advantages).
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Want to buy a business or sell a business in the retail sector? With this Brookz Sector Monitor we want to present buyers and sellers with facts, figures and an outlook that provide insight into the number of transactions, the value development of businesses and the latest trends and developments in the retail sector. Because in any buying or selling process, thorough preparation provides peace of mind, overview and structure.
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In figures, the number of cooking stores in 2024 looked as follows(CBS):
With this online training from Brookz you are optimally prepared to largely sell your business yourself: 25 Powerpoint videos, a comprehensive valuation report, legal model contracts, handy templates, checklists and expert support. Plus 50% discount on listing your business on Brookz!
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A number of trends and developments will inevitably cause changes over the next few years, but also offer cooking stores many growth and acquisition opportunities:
Slowly but surely, plant-based eating is becoming mainstream. Because in addition to the many health benefits of a plant-based diet, this lifestyle also seems to be able to make a big impact on the ambition for a better world. Cooking stores can capitalize on this by focusing their assortment more on these flexitarians, vegetarians and vegans.
Although craft stores still attract many physical visitors, it is inevitable for cooking stores to establish an online branch. After all, that's the way to reach your target market. How do you do that? Through a rock-solid content strategy, according to Rabobank.
One in five people invested time in improving their cooking skills, according to The Grocer. And while this was entirely due to lockdowns, luxury home dining with better skills and beautifully set tables seems to be a trend that is going to continue for the foreseeable future. Especially with restaurant prices skyrocketing, home dining is here to stay.
