SEBB 109732 / Rightbiz
Here is a rare opportunity to acquire a well-established, and profitable Kent based independent wine merchant for sale with an EBITDA in excess of £50,000 p.a. The business was formed in 2004.
The business would make an excellent bolt-on to an existing wine related business in the Kent area, or as a standalone operation. The business currently services both the On and Off-trade, as well as corporate and private customers within a focussed geographical area. The company specialises in selling excellent value, quality world wines. Membership of an established buying group means most of its wines are purchased direct from the producer and therefore cannot be found on the high street, thus providing a measure of exclusivity for its customers.
In order to be considered for membership of the existing buying group, the buyer would need to operate primarily in Kent to avoid cross-over with other members, and must not be a member of another buying group. The buyer would also need to re-apply and be approved by the existing buying group in order to gain membership. However, membership is optional and the buyer may wish to source an alternative range of wines via other means.
The company has maintained the same level of profitability during the pandemic as before.
The basis of the sale is on a cash free/debt free basis. In addition, the stock will be sold at valuation, which ranges between £15-£35,000 depending upon the time of year.
The reason for the sale is to allow the owner to pursue other interests.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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