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BUSINESS REFERENCE : EJ021 / RightBiz WHOLESALER OF CHILLED AND FROZEN FOODS, PIES & MEATS | | | | | | Wholesaler of Chilled and Frozen Foods, Pies & Meats Confidentially offered for sale Ref No: EJ021 Location: South Coast Asking price: £255,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fish & Chips Shops | | SELLER: | Agent Sale | LEASEHOLD: | £255000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
The business has been established for twenty one years and specialises in wholesaling cooked and sliced meat, frozen, chilled and ambient temperature food to the catering industry. They have established relationships with several food manufacturers across the UK. They specialise in cooked and sliced meat, delivering within the local area. The business has a freezer room, three chillers, a dry store and storage.
They have a turnover in excess of £800,000 with a gross profit of approx. 25% and good net and adjusted profits.
The company has built up a superb database that includes several long term repeat customers and operates from good but low overhead costs.
Customer Service:
This market is very fickle and poor service is unacceptable. Hotels, butchers, cafes, clubs, work canteens, restaurants and public houses cannot afford to be let down so the business guarantees next day delivery, currently with no minimum order value. Standards are high, and all staff understand the importance of service levels, quality and reliability. These standards have helped the business to maintain a higher profit margin than many of their competitors.
Key Strengths:
This is a sound business with a strong customer base delivering consistent levels of performance. The business focuses on serving the catering industry with a wide range of products. Operating mainly within along the South Coast there are a large number of stores in areas of cultural diversity – vegetarian and other ethnic food is therefore much in demand. They are also well known within the area for the range of cooked and sliced meats they are able to provide coupled with the ability to bag in customer specific packaging.
The company is demonstrably ‘easy to do business with’ and is a regular supplier to its many customers, some of whom have been clients for many years.
Very low levels of bad debt are enjoyed. Customers are a mix of payment by cash and account.
A new owner/ investment team with renewed vigour and hunger and a more aggressive approach to marketing will be able to drive significant new sales on the back of what is a very successful business.
Growth and Expansion:
A move to give greater focus to chilled foods along with the current concentration on frozen products will undoubtedly produce increased sales and profits.
Key Opportunities:
This business is quite capable of expanding its area of operation in a structured and measured fashion in a controlled period of time. Geographically it is well positioned to take advantage of commercial opportunities further inland and all along the south coast and into London.
Employees:
Two full time staff on van sales and delivery, plus three part time staff, one slicing/factory operative, one bookkeeper and one delivery person.
Advertising and Marketing:
The company currently relies on word of mouth growth and the company website for advertising.
Premises:
The premises are located on an industrial and consist of a large walk in freezer, three chillers and slicing / bagging prep area with storage and loading areas. They are on a 25 year renewable lease with 5-6 years to run and with three year rent reviews. Current rent is £14,000 pa and rent payable is £5,700 pa.
Business Hours:
Monday to Friday: 7.00 – 3.00
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
All financial information will be made available under the auspices of Turner Butler. The company has an annual turnover in excess of £800,000 with a gross profitability of 25%.
Reason for Sale:
After a long and successful career the directors wish to retire and hand the business over to a new owner who will drive it forward to the next level in its natural growth.
Support and Training:
A handover period for a pre agreed length of time would be readily available in order to facilitate a seamless transition | | | | | CONTACT: | TURNER BUTLER | | TELEPHONE: | 01895 25 6000 | | REFERENCE: | EJ021 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
