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BUSINESS REFERENCE : CH063 / RightBiz CATERING DISTRIBUTORS, IMPORTERS, WHOLESALERS OF ORIENTAL AND EUROPEAN CATERING FOOD AND PACKAGING | | | | | | Catering Distributors, Importers, Wholesalers of Oriental and European Catering Food and Packaging Confidentially offered for sale Ref No: CH063 Location: Belfast, Northern Ireland Leasehold Asking price: £3,400,000+ SAV | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Outside Catering | | SALE: | Agent Sale | LEASEHOLD: | £3400000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business is a leading supplier of quality catering food and packaging products and offers an excellent and extensive product range including aluminium containers, plastic containers and paper board lids, all at competitive prices.
The business supplies food products to Chinese and Indian restaurants and manufactures food packages for the food sector. Both product ranges compliment each other and the manufacturing side is to be expanded with circa £450,000 of further investment. The business supplies 80% of needs at competitive prices for brand name products.
Highly competitive the business has the distinct advantage of being able to sell their very comprehensive range of products to retailers and wholesalers who are classed as opposition in the market.
The business operates from fully equipped factory premises for the manufacture and distribution of its products and has exclusive distributorship deals, plus a quick dispatch and delivery service to its regular and established customer base. The customer base is split between weekly customers of circa 300 and monthly customers of approximately 100 spread across N. Ireland and Dublin.
This company is very profitable and attracts an extensive base of repeat customers from a wide radius. The company is extremely competitive and has an impeccable reputation, offering enormous potential.
Customer Service:
The business goal is to ensure that customers are provided with quality products, on time, and at value for money prices. The ability of this business to grow and sustain its profitability is due in no small part, to the quality of products, rapid response and pricing.
The business is further supported by exemplary relationships with key suppliers who have helped to ensure that production is never compromised and that customers are never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
Employees:
The company currently employs a loyal multi-skilled staff.
12 x full time
2 x office staff
5 x lorry drivers/ 5 x helpers
1 x warehouse management
3 x production staff
2 x part time
Key Strengths:
This established business has great potential to develop further via geographical expansion and additional products. The business is very profitable, with a strong, large and growing customer base managed by a determination of delivering high levels of productivity and profitability. The business retains a high level of repeat business.
The business employs a stable, experienced workforce to work from these well-suited premises. The trading track record of this thriving business speaks for itself; with a long history of profitability and a strong trading performance in recent and current years coupled with debt free status.
The business has strong links with suppliers, which strengthens their trading position as it offers access to key brands, and supports marketing activities.
The principal sales activities of the company are inherently low risk, with the product range focusing on essential catering goods that customers really need. The strong profits achieved from the wide variety of catering food and packaging products are testament to the firm's ability to meet the challenges of the changing market place.
Key Opportunities:
This is an outstanding opportunity to build on the existing customer base and products and services offered by this business. The business would benefit from a sales team, either local or ethnic as sales could increase with the implementation of a cohesive sales and marketing strategy, 5 support/sales management staff could bring in potential turnover of £5 M +.
There are many excellent avenues for growth of the customer base of the business, especially extending the Geographic’s of the company by expansion into Europe, with supply and distribution into European Restaurants. With a strong demand for products combined with a capacity to increase turnover, a larger corporation with more resources could expand the sales function and extend the already extensive base of satisfied customers. The present owner is not into management structures and the successful implementation of structured management could take the business to the next level.
There is a significant opportunity to grow this business by increasing the number of suppliers and broadening the range of products in line with the requirements of the client base. The introduction of a comprehensive website detailing its wide range of services and a history of the business and its successes, could greatly improve turnover.
Peace in the region is creating new business opportunities and market forecasts are showing early trends for significant growth and development. A new owner contributing fresh ideas will have every advantage of building on an excellent platform.
Advertising and Marketing:
The business has used little or no advertising in the past, with a significant amount of revenue, orders and enquiries being achieved through word of mouth recommendation and referrals. The company has never previously employed a sales person or a marketing team and it is felt that by employing such a team it will greatly enhance the growth of the company. Special offers and promotions could also be offered every month to gain additional business.
The vendor recognises that investment in a company website to portray the company activities would be a valuable asset. There is little doubt that turnover and profits will increase through development of this medium.
Premises/Security:
The premises are strategically situated in a prime location and comprise of a warehouse/factory/office complex of circa 30,000 sq ft., situated on a secure site with gated entrance and being protected by a security alarm and grills. The gated secure site and service yard allows for generous and secure car parking, loading and truck parking.
The premises will be offered on a leasehold basis and a new lease is to be created with rent negotiable at circa £180,000 per annum.
Alternatively the freehold premises could be available for sale separately at £2.7 Million.
Business Hours:
Monday – Friday: 9am -5pm 5 days per week
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.
The business is financially stable and enjoys a strong order book, high gross and high net profit and has shown consistent growth over 10 years of trading.
Sales revenue is circa £3.5 Million per annum with gross profits of circa £720,000. Our client feels that a new owner ready to explore new business opportunities could easily increase these profits.
Reason for Sale:
Wants to pass on to new management team to develop to the next stage
Has property business wants to develop
Support and Training:
The current owner is prepared to stay on for a handover period to provide the new owner with relevant training if required | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CH063 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
