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A Large Independent Importer and Distributor of Fine Wines South West

Undisclosed, Undisclosed
Status
FOR SALE
Advert ID
251705
Reference
EJ076 / Rightbiz
Leasehold Price: £360,000
Annual Turnover: £825,000
Annual Net Profit: £92,000

A Large Independent Importer and Distributor of Fine Wines
Ref. EJ076
Location : South West
Asking Price : £360,000 SAV

Turner Butler has been appointed to invite offers of purchase for the goodwill and assets of this long time established wine importer.

Business Profile

The main activity of the business is the importation and distribution of fine wines. They supply corporate clients, wine merchants, hotels, restaurants, wine bars, universities and private wine connoisseurs. They also organise regular wine tasting events throughout the year which attract many visitors. They have an established range of over 400 European and New World fine wines (Stock)

Customer Service:

Client satisfaction is paramount. This is borne out by very long standing relationships with loyal and trusting customers.

Key Strengths:

They import and distribute fine wines and quality spirits. This much respected wine merchant has developed long term relationships with many of the best international vineyards and estates.

Financial Performance:

Turnover c. £825,000
Gross profit c. £184,000
Adjusted net profit c. £92,000

The goodwill in this long established business is being offered for sale on a going concern basis. All financial discussions will take place directly between the vendors and all interested parties under the auspices of Turner Butler.

Asking Price:

The asking price of £360,000 is for the goodwill of this partnership. The wine stock is both diverse and substantial, the value of which is not included in the asking price.

Advertising and Marketing:

The business has a very limited advertising spend.

Growth and Expansion:

All growth has been entirely organic to date but future potential expansion is enormous.

Premises:

The day to day administration of the business is home based. The wines are warehoused at an annual cost of approximately £4,000.

Employees:

There are three active members of the partnership plus the help of one employee.

Reason for Sale:

Retirement of the older partners. The active members of the partnership wish to explore other opportunities outside of the industry.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Listing Details
Location: Undisclosed, Undisclosed
Sector: Brewing Businesses, Import Export Businesses, Off Licences
Key Features
  • Attractive Business
  • Established Business
  • Company for Sale
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Advert Reference: EJ076 / Rightbiz

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