business for sale

Wholesale distributer of Fruits and Vegetables

Businesses for Sale

Sale Memorandum

Wholesale distributer of Fruits and Vegetables


Ref.EB022

Location London

Asking Price £ 295,000

Confidential offered for sale

Asking price includes:

Reputation for honesty, reliability and responsibility
Turnover of circa £563,397 per annum
Excellent opportunity to grow
Established client base
Training and handover
Re-locatable business
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

Established in 1996 and aimed very specifically at the rapidly growing, highly profitable, catering trade, this business distributes fruit and vegetables to catering outlets, snack bars, cafes, restaurants and bars.

This company has grown considerably over the last couple of years and is now one of the leading independent, distributors of fresh fruit and vegetables in the UK, regularly supplying a large group of well established clientele.

With a strong corporate identity and products appearing under its own name the business has established itself as a brand in its own right with all of its products attractively packaged to generate high volume repeat sales.

This business prides itself in maintaining the highest possible service levels. Whilst dispatching some orders by national carriers it takes particular care to keep to its own delivery times as much as is humanly possible, having invested heavily in its own dedicated team of regular drivers, enabling it to provide slot bookings for the large majority of its customers on a next day service.

This is a very well managed, easy to run business. With turnover for the last financial year of £563,397 generating a gross profit of £84,755 this represents an excellent opportunity to acquire a well-known brand in the wholesale distribution of healthy fruit and vegetables.

Customer Service:

The company prides itself on giving a friendly, helpful and efficient service. This business maintains an extensive base of satisfied repeat clients who appreciate the prompt, friendly service, reliability and reasonable, yet competitive prices.

The business offers free delivery every day with a reputation for quality service and good attention to details.

Key Strengths:

The company has an in depth understanding of the wholesale industry and has established an excellent reputation and name for its quality range delivered with efficient fast response times.

The business has the benefit of a large strong customer database and there has been steady growth and excellent profit margins since the commencement of the business.
Growth and Expansion:

The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Business operations are not at maximum capacity and there remains considerable scope for an increase in operations, turnover and profit simply by gearing operations in line with current market demand.

Key Opportunities:

This business has endless potential to increase its turnover/profit by commencing Internet orders, thereby setting up a system capable of responding immediately to production for new customers and attracting customers for whom fast turn-around, quality and flexibility are even more important than price.

Increased productivity would allow for expansion into niche markets. Early interest is essential to fully appreciate the scope this business has to offer. A new owner would contribute fresh ideas and energy to expand on this excellent foundation.
Premises:

This is a fully re-locatable business.

Business Hours:

1 am – Finish. Monday – Friday, plus Saturday mornings.
Advertising and Marketing:

The business relies solely on its established reputation and repeat custom. This business doesn’t currently have a website, though it is thought this would prove a very powerful marketing tool and have a significant impact on turnover and profitability.
Financial profile:
The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable with low overheads, positive cash flow.

Current turnover is £563,397, generating a gross profit of £84,755 and a new profit of £35,246.
Employees:

The business currently employees three full time delivery drivers.
Support and Training;

Full support and training will be provided to the successful purchaser.
Reason for Sale:

The current vendor is selling due to other business commitments.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

If you are interested in finding out more about this business please:

  1. Click here to generate the Confidentiality agreement with your details
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  4. We will contact you and put you in touch with the seller of the business.

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