Total of 18657 firms and businesses for sale today Friday 29th March 2024
Time to Sell or Time to Buy !

Sold. Ethnic Foods Wholesale & Distribution Company/cash & Carry

LISTING DETAILS
Firms For Sale ID:
33179
Vendor reference:
EJ067
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
Undisclosed  
Turnover / revenue:
£5,900,000
Net profit / cashflow:
£291,000
Years established:
5
Trading hours:
Monday-Friday: 0800-1800 Saturday: 0800-1300
Number of employees:
20
Employees / staffing:
One of the owners works full time in the business as Managing Director. The business employs some 20 staff in total and this includes a Warehouse Manager, 3 External Salesmen, Office Administrators as well as Warehouse Operatives, Drivers etc.

OTHER DETAILS
Reason for selling:
The owners have differing personal plans for the future so have decided to sell.
Support and training:
The vendors are happy to provide a comprehensive handover programme to ensure a seamless transition of ownership and continuity of trading.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Ethnic Foods Wholesale & Distribution Company/Cash & Carry
Leasehold
Ref.EJ067
Location South Yorkshire
Offers Invited
A rare opportunity to purchase a well established and profitable, ethnic foods, wholesale and distribution company that has been trading for around 5 years and is ideally based in the heart of Northern England.

This business has the added advantange of being located on a modern and accessible industrial/business park. Additional space has been made available that has enabled the organisation to continue its impressive growth pattern over recent years. Sales and profitability have more than trebled since 2009 and the existing facility has the infrastructure already in place to easily accommodate significantly larger levels of trade. In fact should the expected growth trend continue as expected there is an option to take on adjacent premises. Sales for the current year are expected to be circa GBP 6.5 Million.

This business is a professional wholesale, distribution and cash and carry service for a wide variety of customers that include independent retailers, restaurants, fast food outlets, pubs, sandwich shops, mini-supermarkets and convenience stores throughout the region.

The business has some 500 regular customers and this number is constantly growing. Approximately 50% of revenues are generated via account customers with the other 50% coming from the cash and carry service. However at time of going to market the company has just developed a new interactive website which is now live so it is expected that online sales will factor significantly in future revenue streams and further increase market penetration.

The company provides clients with a regular delivery programme, which ensures customers needs are always met.The business stocks a wide range of ethnic food and drink and is renowned for stocking high quality branded products. Items include a large selection of frozen foods from its freezer facility as well as breads, meats(including Halal meat), poultry, dairy products, pastas, fruits, vegetables , desserts, dry goods, tinned produce, oils, herbs, sauces and drinks (hot and cold).

In addition to this the company has recently introduced its own brand range (2013) sourcing different products from different countries throughout the world. This range currently offers high quality pulses, meats, desserts and nut products but is constantly being expanded to meet strong customer demand. All the own brand products are natural and farm fresh.

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 vendors have invested heavily in the business premises and its infrastructure to ensure it stays at the forefront of the market it serves so well.

The business has excellent supplier relationships in place and enjoys regional exclusivity with several of them.

Expansion 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 the investment in the stock and infrastructure.

There is ample spare capacity for this growth to continue at the current location. The site was chosen because of the ability to expand operations in the future. The vendor advises that there are adjacent units available and that they are already in discussions with the landlord about taking more space, such is the growth the business is enjoying.

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. This growth will also be stimulated by the new interactive website which is already generating new revenues streams.