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Asking Price$277,675
Revenue$1,651,044 Established1985
Cash FlowUndisclosed Employees5 full, 2 part
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableYes
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Wholesale Supplier of Imported Food & Drink Products to Portuguese, Congolese, Pakistani and African grocery outlets
Ref. EJ072
Location : Essex - Relocation necessary
Asking price: £185,000 plus stock

Asking price includes:

Turnover circa £1,100,000 per annum

Gross Profit circa £276,096

Stock circa £175,000

EBITDA £55,000

Excellent retail client base and historic trading record

First Class supplier relationships
The vendor runs this business with his wife. Established in 1998 the business is a wholesale supplier of Imported food products to Portuguese, Congolese, Pakistani and African small grocery outlets, importing produce from Portugal, Brazil, Africa and China.

This is a rare opportunity to purchase a well established ethnic foods, wholesale and distribution company that has been trading for over 15 years.

The company provides customers with a regular delivery programme, which ensures requirements are always met.The business stocks a wide range of ethnic food and drink and is renowned for stocking high quality branded products.

This business truly is a one stop shop for its trade customers, with the facility to buy and store in bulk it offers excellent availability, quality and price.

The business has excellent supplier relationships in place and could be a great ‘bolt on’ business for a similar company.
Facilities:The business is operating from Essex, however as the lease is about to expire the business would need to be re-located by the new owners.
Competition:The business has never invested in any form of marketing . There is a web presence that would need to be updated and should this investment be made it could have a major influence on the trade and profit of the business, especially if it provided an e-commerce site for easy on-line ordering. The business is currently trading on brand name and reputation alone so increasing the marketing as above and also with direct marketing, leaflets, mail drops and local press advertising could be beneficial.
Training/Support:Full support and training will be provided to establish continuity of trading for the new owners with the suppliers and buyers.
Sale Reason:The vendor and his wife are looking forward to retirement
Ad #69880
Seller Reference #EJ072
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Turner Butler
0044 1895256000
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