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BUSINESS REFERENCE : EJ016 / RightBiz WHOLESALER OF ALCOHOLIC AND NON-ALCOHOLIC BEVERAGES TO THE LICENSED ‘ON TRADE’ SECTOR | | | | | | Wholesaler of alcoholic and non-alcoholic beverages to the licensed ‘on trade’ sector Confidentially offered for sale Ref No:EJ016 Location: Scottish Central Belt Asking price £7,950,000 Projected Turnover circa £3,600,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Wine Bars | | SALE: | Agent Sale | LEASEHOLD: | £7950000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This growing and successful wholesale business was established last year by the Vendors with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a reputation for the quality and variety of its products and its flexibility of service and reliability.
The business operates from a prime location in Scotland and has established itself as one of the region’s leading independent wholesalers for major brands in alcoholic and non-alcoholic beverages to the licensed sector. Many current customers have been loyal to the business since the beginning and this has been due in no small part to the business’s competitive prices, quality products, first class service and attention to detail.
The business believes in the pursuit of excellence, constantly reviewing and updating its service commitment and its methods of business, for example its inventory management system, ensuring that valued customers receive the very best service and quality of product.
The business has shown itself to be resilient in the face of competitive and economic forces and has maintained strong and incremental growth. The business is further supported by exemplary relations with key suppliers who have helped to ensure that whatever the product, service and availability is never compromised and that customers are as a result never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
Customer Service:
The business manages a great many customers in any normal week and has the systems, processes and people to ensure that both productivity and customers’ orders are satisfied. The most important aspect of customer management and satisfaction considered by the business is honesty and is responsible for the business retaining many customers and the reputation for which has led to the acquisition of many new customers.
High quality service, with flexibility, honesty, reliability and good value, every order request is important and customers always come first. The result is self evident in the business’s sustained level of repeat business.
Key Strengths:
The business has quickly established itself as providing products at extremely competitive prices without compromising on service and flexibility.
The company has earned an outstanding reputation for its professionalism, service, reliability, flexibility, efficient order fulfilment and a willingness to help.
Growth and Expansion:
The market for this business’s services is still growing, with current trading exceeding £400,000 per month. A new owner would be superbly placed to build on the excellent reputation the current owners have established in a relatively short period of time.
Key Opportunities:
The company currently trades without the need to offer any credit to its substantial client base so the opportunity to grow through the addition of a credit facility is huge. The facility and infrastructure could easily accommodate substantially higher trading figures. There is also an opportunity to review the current pricing as the company has now established itself and the market would permit an increase.
Employees:
The business currently employs 6 x drivers and 1x office/admin support who along with the vendors are responsible for day to day operations.
Advertising and Marketing:
The business has used limited advertising in the past but has engaged in many promotions through direct mailing and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Premises:
The business is located in an easily accessible area in Scotland, close to main Motorways and urban centres and operates from warehouse and administrative offices.
There is sufficient space within the warehouse to carry significant levels of stock plus the 8 delivery vehicles and forklift overnight for additional security.
Business Hours:
The business operates 7 days a week, further supporting its reputation for flexibility and excellent service. The operating hours are 10.00am to 6.00pm Monday to Saturday and 11.00am to 5.00pm on Sundays.
Security:
The premises are secured with an Alarm and Security Grills and further supported by local communal CCTV.
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 with no borrowings, low overheads, positive cash flow, high gross and net profit and has shown consistent high growth since trading began.
Sales revenue for the first 12 months was circa £2,000,000 with Gross Profit circa £200,000. The current trading has surpassed £400,000 per month and is on target to turn over £5,000,000 in its second year of trading.
Reason for Sale:
The business is for sale only due to the present owners’ ill health, leaving an excellent opportunity for the new owner to capitalise on all the hard work and commitment it has taken to get the business to this stage so early in its lifecycle.
Support and Training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | EJ016 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
