* Included in Asking Price
Freehold Cash and Carry Food Wholesaler To The Trade
Food, Drinks & Catering Equipment
Location Teeside/North East
Asking Price £ 1,600,000
Asking price includes:
Superb Modern Freehold Premises circa £550,000
Current Turnover circa £4.3Million p.a.
Gross Profit circa £474,000 p.a.
EBITDA circa £225,000 p.a.
Net Profit circa £154,000 p.a.
Net Asset/ Shareholders Funds circa £468,000
All stock and equipment
Huge 2,500 square foot state of art freezer facility
Total facility size circa 10,000 square feet
Fleet of delivery vehicles
State of the art office systems, racking ,reach truck and forklift
A rare opportuntiy to buy a well established and profitable food cash and carry business that has been trading for some 20 years within the North East of England. This business has the added advantange of having recently moved to purpose built new premises which has enabled the organisation to continue its impressive growth pattern over recent years. Sales and proiftability have more than doubled since 2009 and the new facility has the infrastructure already in place to easily accommodate significantly larger levels of trade.
This business is a professional wholesale cash and carry service for independent retailers, restuarants, fast food outlets, pubs, sandwich shops, mini-supermarkets and convenience stores throughout the North East. The majority of customers are based within a 20 mile radius but the business does travel further afield when necessary and offers a delivery service throughout the North East via its own fleet of signwritten vehicles. In addition to this the business also retails a broad range of Ethnic foods to the local market place.
The company stocks a wide range of food and drinks items including a large selection of frozen foods from its huge freezer facility as well as breads, meats(including Halal meat), poultry, dairy products, pizzas, fruits, vegetables , desserts, dry goods, tinned produce, oils, herbs, sauces and drinks right through to packaging for fast food outlets, cleaning materials and catering accessories and utensils.
As well as offering market leading brands the company has recently developed its own brand for the catering market and this is an area that is ripe for future development.
It truly is a one stop shop for its trade customers and because it has the facility to buy and store in bulk, it offers excellent availability, quality and price.
The business is constantly busy with very little local competition. The vendor has invested heavily in the business premises and its infrastructure (see equipment ) to ensure it stays at the forefront of the market it serves so well.
The business has developed its own online shopping facility with customers able to order via the website. This has increased the company’s profile and market presence and could be expanded further if a new owner so required..
The business has excellent supplier relationships in place and enjoys regional exclusivity with several of them.
|Facilities:||The business operates from superb freehold premises on a large site with ample car parking for customers and deliveries alike. It is on a very well known industrial/business park with excellent access.
The single storey warehouse is a modern facility, circa 10,000 square feet. It is 3 years old. The warehouse is fully racked out with a huge in situ freezer and cold room facility that boasts circa 2500 square feet of cold storage and presentation fridges/freezer compartments. There is also a reception area and separate offices, toilets and kitchen facilities.
We are advised that when building the premises the vendor also secured planning permission on the site for a further 10,000 square feet facility adjacent to the existing building. All the ground works and foundations for this additional unit have been completed so future expansion or development for other business use is possible.
Outside the building there is a large car park plus 3 x 40 ft. containers for further storage of products and covered customer trolley park. The site has full perimeter fencing and CCTV.
As mentioned the asking price includes the freehold premises which are also owned by the vendors separately. The company currently pays rent and rates circa £75,000 p.a. The rental costs would not be incurred by a new owner should they buy the freehold and this would further boost the already impressive profits this business generates. Ideally the vendor wishes to sell the freehold with the business but “may “consider leasing subject to negotiation.|
|Competition:||The best form of advertising for this business is "Recommendation". The business does have a well designed website for on line ordering but this again could benefit from further development.
With no advertising being used in the past there are excellent opportunities to increase this and market the business more aggressively. A large percentage of new business is generated from customer referrals, bearing strong testimony to the business’s excellent reputation.|
|Growth Potential:||This business offers a new owner the opportunity to build on the existing products and customer base. The business has enjoyed impressive growth over recent years as a result of its move to new premises and investment in stock and infrastructure.
There is ample spare capacity for this growth to continue at the current location. The current site was chosen because of the ability to expand operations further in the future. The vendor already has in place planning permission for another building of the same size to be built on the site. All the ground works and foundations have been completed so that the business can quickly expand should a new owner so require.
With a strong demand for products combined with a capacity to increase turnover, a new owner contributing fresh ideas and energy will have every advantage of taking this company on through its next period of growth. To date the business has done very little in the way of traditional marketing and advertising and this represents a key opportunity to a new owner, as does the currently untapped café and coffee shop sectors.|
|Training/Support:||The vendor is happy to provide a comprehensive handover programme to ensure a seamless transition of ownership and continuity of trading.|
|Sale Reason:||The owner now wishes to spend more time in his homeland and has business interests there he wishes t|
Seller Reference #EJ056
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