* Included in Asking Price
Distributor of alcoholic and non-alcoholic beverages to the licensed ‘Restaurant’ Sector
Asking Price £ 65,000
Asking Price: £65,000 (inclusive of stock)
Asking price includes:
Reputation for high quality & reliability
Successful range of branded products
Sales for last financial year circa £384,000 per annum
Gross Profits circa £52,000 per annum
Stock circa £10,000
Consolidated customer relationships
Loyal customer base
Excellent opportunity to grow
This steady and successful drinks wholesale and distribution business was established some 17 years ago by the Vendor with a generous combination of innovative insight and entrepreneurial spirit, and has grown since to become a well known enterprise in the region with a reputation for the quality and variety of its products and its flexibility of service and reliability. The vendors’ family has been involved in the drinks business for many, many years and this knowledge has been passed down over time.
The business specifically serves the restaurant trade and has gained a reputation as a bit of a specialist in this field, supplying beers, wines and soft drinks. It has some 25-30 regular restaurant clients and is not over-dependant on any one customer, or supplier for that matter.
The business operates from an ideal leasehold location and has established itself as one of the region’s most reliable independent wholesalers for major brands in alcoholic and non-alcoholic beverages to the restaurant sector. Many current customers have been loyal to the business since the beginning and this has been due in no small part to the business’s competitive prices, quality products, first class service and attention to detail.
The business believes in the pursuit of excellence, constantly reviewing and updating its service commitment and its methods of business, for example its inventory management system, ensuring that valued customers receive the very best service and quality of product.
The business has shown itself to be resilient in the face of competitive and economic forces and has maintained consistent sales over recent years. The business is further supported by exemplary relations with key suppliers who have helped to ensure that whatever the product, service and availability is never compromised and that customers are as a result never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
|Facilities:||The business operates from a leasehold warehouse which is used purely for storage. The unit comprises circa 700 square feet of space and is located on a secure well known business park. The site has a monitored alarm system and CCTV. Current rent is circa £4000 p.a. Nil rates as the business benefits from small business relief. The business could easily be relocated if need be.
All administration is carried out via home office environment.|
|Competition:||The business enjoys high levels of repeat business, word of mouth recommendations and referrals but could benefit from a more strategic sales and marketing campaign. It has no internet presence and carries out no other forms of marketing.|
|Growth Potential:||The company has access to further product ranges and so could easily expand its product offering. The current owner has been happy to maintain the current level of business through choice, and has not actively sought more customers. A more proactive approach to sales could certainly improve performance. To date the business has no invested in an Internet presence and could also find this very beneficial.
A new owner with new energy levels and business acumen would be superbly placed to build on the excellent reputation the current owners have established since inception.
The current market for this business’s services is steady-people will always eat and drink!|
|Training/Support:||Full support and training will be provided to the successful purchaser. This should be a relatively easy process as the business model is simple. The vendor is happy to stay on for a longer period should a new owner so required, subject to negotiation.|
|Sale Reason:||This is a genuine retirement sale.|
Seller Reference #EJ068
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