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Food Importer & Distributor For Sale

Location  United Kingdom
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $7741833
Net Profit / Cash Flow  $595556
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1996
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Our client is happy to provide a hand over and training period for the successful new owner to be negotiated at the time of sale.
Reason for Sale  Our client intends to retire.
Description  Food Importer & Distributor Supplying the Hotel Trade, Restaurants, Coffee Shops and Consumers Ref.AF035 Location Heathrow, London Asking Price œ 1,790,000 Established in 1996, the company imports and wholesales a unique, quality range of food and catering utensils, distributing to many satisfied clients. Since inception this business has become the professionals' choice; the client base include restaurants, bars, hotels coffee shops and many other consumers. Stock includes a large variety of food and drink lines plus catering products. The company provides a complete service to clients operating in the hectic world of hotel, catering and hospitality. Food products range from the ordinary to the ultra-exotic, while catering utensils consist of anything from a mop to a chefs hat. Food and Drink would account for over 85% of sales and of that the split would be 80% food, 20% drink. Some 15 tonnes of Italian cheese is sold each week. Additionally the company is now manufacturing pizza dough balls and lasagne in its own purpose built commercial kitchen and which are then sold and delivered to its customers. Current production is running at 3,000 dough balls and 600 lasagnes per month. This is an excellent, well run business on first class margins, which are achieved by judicious buying from suppliers. This company is debt free and very profitable with gross profit margins of 23-24%, net margins of c8% and growth averaging in excess of 12% per annum. The company is extremely competitive and has earned an impeccable reputation supplying many customers over a wide radius, offering enormous potential to a new owner. All products are supplied on a very regular delivery cycle, 6 days per week, using the company's own vehicles within the M25; alternative carriers make deliveries on behalf of the company beyond the M25. All the trucks have dual compartments to handle frozen and ambient product.
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