Summary
European Food Supplier, established in 2017 and based in London, is a thriving wholesaler specializing in European food products. The company has demonstrated impressive growth, with a Compound Annual Growth Rate (CAGR) of 39% from 2018 to 2023. Net revenue increased from ~£500k in 2018 to £2.4 million in 2023.
Key Highlights:
- Rapid Growth: Achieved a 39% CAGR from 2018 to 2023, with net revenue increasing from ~£500k to £2.4 million.
- Diverse Product Range: Offers ~2,000 products across 8 categories, focusing on Polish and Romanian ethnic foods.
- Efficient Operations: Boasts a ~100% next-day delivery rate with a well-organized order and delivery system.
- Sales Channel Diversification: 24% online orders, 16% telesales, 39% pre-sales, and 20% cash & carry operations.
- High Customer Loyalty: Active customers have been with the company for an average of 25.9 months. ~40% of these customers have been active for more than three years, while 24% are new customers acquired within the last year.
- Strong Collection Performance: Minimal receivables over 30 days, amounting to only ~1% of monthly average revenue.
- Strategic Location: Based in a modern ~600 sqm warehouse, with extensive facilities including a newly built cold room.
Reason for sale: Relocation due to personal reasons.
