FOR SALE
624747
3083 / Rightbiz
Sovereign is thrilled to act as sole agents for the sale of this thriving food wholesaler, a true gem in the food and drink catering supply industry.
This exceptional business presents a rare chance to acquire a well-established and highly profitable enterprise with an unparalleled reputation. For over 31 years, it has been a cornerstone of the North West’s food and drink supply chain, proudly serving a diverse client base that spans pubs, restaurants, hospitality providers, educational institutions, and care homes. Its comprehensive range of high-quality products has earned the trust and loyalty of its clients, while long-standing blue chip contracts with local authorities deliver a reliable and robust revenue stream, year after year.
Situated within a prime industrial location, the business operates from a spacious and purpose-built 11,000 sq ft warehouse. This modern facility includes a fully equipped, well organised warehouse space and an extensive office area, creating an operational environment designed for efficiency and growth. Located in a thriving commercial area with excellent transport links, the site is perfectly positioned to facilitate seamless distribution and future expansion.
Financially, the business stands out as a powerhouse. For the year ending March 2023, it achieved a turnover of £4,417,505 with a gross profit of £1,001,742. After director deductions, EBITDA comfortably exceeds £315,540, highlighting its strong financial health. The addition of secure, high-value local authority contracts underscores the business’s stability and adds to its long-term investment appeal.
A key asset of this business is its team of experienced and dedicated professionals who bring invaluable expertise and continuity. This well-established workforce ensures that a smooth transition awaits any new owner, providing confidence in the ongoing success of the business.
After more than three decades of building this highly regarded enterprise, the current owner is looking to retire, creating an unparalleled opportunity for a driven buyer to capitalise on its strong foundations. For an existing wholesaler looking to enhance their presence in the food and drink sector or for an entrepreneur seeking a solid and profitable business, this is an unmissable prospect.
Fixtures and fittings are included in the sale (with the exception of promotional items on loan), and comprehensive trading information is available to seriously interested parties. Full staff details and other operational specifics will also be disclosed during confidential discussions.
Don’t miss your chance to own a business with exceptional profitability, an unrivalled reputation, and significant growth potential. Contact Sovereign today to learn more about this outstanding opportunity. Time is of the essence—secure this lucrative business and take it to even greater heights.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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