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Well Established Asian And Caribbean Food Products Wholesaler For Sale

West Midlands, West Midlands, UK
Asking Price:
£515,000
Turnover:
£1,726,310
Net Profit:
Available on request

Business
Please quote reference B06710

Hilton Smythe welcomes to the market a food wholesaler.

This is a family business run and managed by two brothers. The business was founded approximately 5 years ago and has been a real labour of love for them with the turnover increasing significantly each year and having developed some lucrative contracts.

The business is now being sold, albeit reluctantly and with heavy hearts only due to the vendors wish to concentrate on their other business interests, they are keen to see their beloved wholesale business pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.

The business imports a range of Asian and Caribbean food products which are then delivered by the business to cash and carry outlets and retail businesses.

The sale will include a database of existing and previous customers and accounts and includes some very lucrative contracts, just six of the customers currently generates approximately £40,000 of income each week.

A 19 Plate Curtain Side is also included in the sale, with our client estimating the assets to be in the region of approximately £40,000.

Scope to improve -

Advertising and marketing campaign, most of the business currently comes via word of mouth and referrals
Website to extol the services and products provided
Maximise the use of social media to improve visibility on line
Expand the business geographically
Employ a Sales Manage to canvass and secure additional accounts.

Reasons to Buy -

A well-established business with an enviable reputation and many existing customers
Current owners would be happy to offer a handover to ensure the continued success of the business.
Ideal bolt on to an existing importer or cash and carry
Little competition locally
Fully relocatable business

Very rarely do businesses of this calibre come to the open market so early enquiry is highly recommended.

Location
The business is being sold as a relocatable business only opportunity. The business is currently based in the Midlands.

Premises
The business is being sold as a business only opportunity. A new owner would need to provide their own premises to suit the trade.

Tenure
We are advised that the business is being sold on a Business Only basis.

Hours
The business trades 24/7.

Staff
We are advised that the business is run and managed by both owners, with the help of 5 full-time members of staff.

Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £1,725,000, with an adjusted net profit in the region of £130,000. Full financials can be made available upon further request.

Please quote reference B06710

Other Information

Relocatable:
This business can be relocated.

Contact Hilton Smythe

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