Catering Disposables & Cleaning Materials Supplier | | Colchester Essex | | CATERING DISPOSABLES & CLEANING MATERIALS SUPPLIER - BASED NORTH ESSEX (RELOCATABLE). An interesting wholesale supply business that is ripe for expansion in the right hands. A new brochure and website with online ordering/payment facilities has recently been added but has not yet been promoted. Accounts confirm an annual turnover of approx. £313,000 working to good gross margins. Leasehold warehouse, vans, forklift etc included. Viewing recommended. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 57076
ADVERT IMPRESSIONS : 14,266 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £89500 | ANNUAL RENT: | £6500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Town: NORTH ESSEX - RELOCATABLE
County: Essex
The business is relocatable if required. Currently trading from a modern industrial estate within the north Essex region. The core of the business is currently within a 25 mile radius (Essex & Suffolk, although with the development of the new website orders are now being accepted from much further afield and deliveries are outsourced to a courier. The business could easily be expanded into different counties if required.
The Business
CATERING DISPOSABLES & CLEANING MATERIALS SUPPLIER
The business was first established in 1995 and has been run under the current ownership since May 2008. The business is an independent local wholesaler based in the north Essex region and distributes catering disposables and cleaning products to all types of businesses and local authorities in the Essex and Suffolk areas. A wide range of products are supplied to include but not limited to: paper towels, cleaning supplies,
food packaging, catering disposables and janitorial supplies. The business is run by a lady proprietor assisted by staff and during the period of her ownership a new website developed which has online ordering and payment facilities (went live August 2010). The business has been transfered from paper to a computerised system dealing with the customer database, stock control and ordering. A new corporate style brochure has recently been designed/printed.
INVENTORY
The main tangible assets of the business include 2 Ford Transit high cab sign written vans (2001 and 2003 models), forklift truck, office equipment/furniture, stationery and brochures.
The Premises
The business trades from an Industrial Warehouse which we are advised measures approximately 1,500 sq. ft. including mezzanine storage. The warehouse is equipped with racking and incorporates a private office, staff toilets, and has a roller shutter loading door to the front.
Trading Hours
The business trades Monday to Friday 8 am to 5 pm. Saturday/Sunday closed.
Staff
The business is run by the vendor assisted by a warehouse manager and 2 part time members of staff.
Turnover
Accounts are available to seriously interested applicants following an inspection of the business to confirm an annual turnover of approx. £313,000 working to good gross profit margins.
Tenure
Leasehold - The premises are subject to a 3 year lease from May 2008, at a rental of £6,500 per annum exclusive. We understand there is a new lease available if required.
Business Rates
The premises have a rateable value of £6,000 payable at .414p in the £, equating to £2,484 payable for April 2010/11 before any small business rate relief is claimed.
Legal Costs
Each party are to be responsible for their own legal costs plus 50% of the landlords legal costs incurred in this transaction.
Summary
An interesting wholesale supply business that is ripe for expansion in the right hands. Our client acquired the business in May 2008 and has computerised the customer base and stock control and also developed a website with online ordering facilities and put together a corporate looking product brochure, although has not to date had the time to promote the company and offers serious potential for the business services to be actively sold to new customers. Viewing recommended.
Inventory
A detailed inventory of fixtures and fittings will be prepared and supplied at the point of sale.
Finance
Finance and business loans are available from leading high street banks with attractive finance options. We can arrange for you to speak to a national firm of Business Finance Brokers or alternatively put you in touch with a major high street bank for a free under no obligation discussion or consultation. | | | | | | FOR SALE | | | | | REFERENCE: | M4169E / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
