Total of 18659 firms and businesses for sale today Sunday 12th May 2024
Sold. Highly Profitable Specialist Italian Food & Drinks Wholesale Business
LISTING DETAILS
Firms For Sale ID:
34624
Vendor reference:
AF175
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£900,000
Turnover / revenue:
£1,200,000
Net profit / cashflow:
£300,000
Trading hours:
Monday Friday: 8:00 am 5:00 pm
Saturday: 9:00am 5:00pm
Sunday: 10:00am 3:00pm
Number of employees:
4
Employees / staffing:
The vendor is responsible for all day-today management, operations and business administration, and is supported by four full time employees:
Delicatessen assistant, baker, kitchen assistant, Stockroom assistant, order assistant and delivery team.
OTHER DETAILS
Reason for selling:
The vendor is now approaching retirement.
Support and training:
The owner is happy to provide training for an agreed handover period.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are currently leasehold with 10 years remaining and a rent review is due in 5 years. Annual rent is circa GBP 25,000 and rates are circa GBP 22,000 per annum.
BUSINESS DESCRIPTION
Highly Profitable Specialist Italian Food & Drinks Wholesale Business
Ref. AF175
Location : Bedfordshire
Asking Price : GBP 900,000
The business is a supplier of Italian wholesale food and drink produce primarily to independent restaurants and retail outlets. The goods are also available for retail to the general public. Customers are located along the M1 corridor between Northampton and North London with the majority of customers paying cash on delivery.
This is a very well located business with a large stock area, a bakery, and a coffee retail and trade counter. The bakery was added quite recently and is managed by a specialist baker from a specific area of Italy, well known for its bread and pastries.
The premises also contain a separate apartment and an office suite.
Goods are sourced from specific regional areas of Italy that are highly regarded for the quality of the local food and provides an authentic Italian food & drink experience for the customers.
Maintaining these high value business relationships with the Italian regional suppliers has enabled this business to establish a truly enviable reputation among the restauranteurs and retailers that form its community of customers, being one of consummate quality.
Particularly prized are the stories that accompany the sourcing of particular products, which is then passed on to the consumer by the retailer.
The business benefits from investment by the current owner and is a testament to the positive financial outlook for the company. Growth is limited only by the owners decision to supply to certain geographic areas.
The business has a long standing history and reputation, which is a great asset to the company. All operations are streamlined with low overheads. The customer base is diversified enough to give stability to future earnings. Revenues are spread across this loyal customer base and provides confidence for future earnings and growth.
Market / Competition / Non-Competition Agreements
The business was originally built on a direct sales approach with site visits to gain new customers, however, over time business has been increased from word of mouth recommendation and referral. The business would benefit from a defined marketing campaign but does have an attractive website presence, which could be expanded to include on line ordering facilities.