Food & Catering Import and Export Agents
Supplying to the Hotel Trade, Restaurants, Coffee Shops and many more
Ref.AF035 Location London, West LondonAsking Price £780,000Confidential offered for sale
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA | |
Asking price includes:
Daily delivery service, using our own vehicles within the M25
A vast and unique range of food and catering product lines
Eight Company Vehicles (sprinters & six tonners)
Sales of circa £2 Million per annum
Excellent supplier partnerships
Fantastic opportunity to grow
Complete Turnkey Operation
Established client base
Training and handover
Excellent reputation
Goodwill | Business profile: | Established in 1996, during the seven years since inception this business has become the professionals' choice. The company imports and wholesales a unique range of food and catering utensils to many satisfied clients that include restaurants, bars, hotels coffee shops and many other types of companies.
The company carries a large variety of food and drink lines and catering products. Customers can rely on this company to provide them with a complete service in the hectic world of hotel, catering and hospitality. Food products range from the ordinary to the ultra-exotic and the catering utensils supplied cover everything required from a mop to a chefs hat.
This company is a very profitable and attracts an extensive base of repeat customers from a wide radius. The company is extremely competitive, supplying quality products, both food and other merchandise, and has an impeccable reputation, offering enormous potential.
This company has an enviable list of valued customers who will vouch for their ability to consistently supply quality products and offer an infallible service, which is both reliable and competitive. This is an excellent, well run business on first class margins, which are achieved by judicious buying from suppliers.
The company pride themselves on offering all of the products on a very regular delivery cycle. Daily deliveries (6 days) are made by the company’s own vehicles to many hotels, restaurants and coffee bars within the M25; other carriers make deliveries beyond the M25 to as far away as the coast.
The company undertakes vans sales of cheese and meats; the flexibility of this service has enabled sales to grow significantly serving a diverse range of customers.
This terrific opportunity has strong name recognition and solid year-round revenue. The business has experienced an expanding customer base since its inception, with an extensive base of long-term repeat clientele and an impeccable reputation standing behind its profitability and outstanding growth potential.
Key Strengths:
The business employs a stable, experienced workforce to work from these well-suited premises. The trading track record of this thriving business speaks for itself; with a long history of profitability and a strong trading performance in recent and current years coupled with debt free status.
The business has membership of key buying groups, which strengthens their trading position as it offers access to key brands, and supports marketing activities.
The principal sales activities of the company are inherently low risk, with the product range focusing on goods that customers really want and need, with the bulk of sales being repeat sales of life's essentials. New lines have however been added over the years, and the strong contribution to profits from a wide variety of catering accessories are testament to the firm's ability to meet the challenges of the changing market place.
Customer Service:
The Company offer unmatched levels of service and supply a huge selection of products from baked beans to chefs’ aprons and guarantee complete satisfaction on all levels of service. Staff are available for pre-sales advice, delivery, quality and price.
Key Opportunities:
There is a significant opportunity to grow this business by increasing the number of suppliers and broadening the range of products in line with the requirements of the client base. Supplying frozen foods and increasing van sales could compliment the business. Offering more products and expanding into other areas the van team could identify what works best, for example, the local catchment’s area may have many school children or students passing each day so an emphasis could be placed on supplying ‘on the hoof’ items as well as the cheese and meat already supplied.
Special offers and promotions could also be offered every month to gain additional business. Sales would increase with the implementation of a cohesive sales and marketing strategy.
Location:
Situated in a prominent position on a modern purpose built development, the premises are close to a wide selection of shops, restaurants, etc. and convenient for public transport, a mainline station is nearby. There is easy access to the motorway networks of the A4/M4, A40/M40, M3 & M25 as well as for the North & South Circular Roads with good road access into & out of Central London. | Premises:
The vendor owns the freehold of the property, which could be made available under separate negotiation. The current valuation of the freehold property is £450, 000. Should the freehold not be required a new lease will be made available at a rent of £36,000 per annum.
The building is detached and well presented with six – eight on site parking spaces plus wading bay. Purpose built the site is a B1/B8 use building to be used for offices/high technology/light industry/warehousing and is approximately 3,345 sq. ft.
The property provides workshop/storage areas to the ground floor with offices/storage to the first floor plus two W.C.s, washrooms & kitchen. All mains services are available, including 3-Phase and Gas. Roller shutter doors are fitted to the workshop area and other security includes alarm, grills and CCTV. The approximate gross internal floor areas are ground floor 1,835 sq. ft., first floor 1,510 sq. ft. making a total of 3,345 sq. ft. | <>Advertising and Marketing:
The best form of advertising for this business is "Recommendation". The business currently takes advertising space in magazines and at trade exhibitions to promote the products it supplies. With limited advertising being used in the past there are excellent opportunities to increase this and market the business more aggressively. A large percentage of new business is generated from customer referrals, bearing strong testimony to the business’s excellent reputation. The company has a website that is currently under construction and there is no doubt that the introduction of this additional medium could increase the turnover and profits of the Company. | | | Financial profile: | The business is being offered for sale on a going concern basis, 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 and profits, sales for the month of June 2005 exceeded £167,000 and the year to date turnover is in excess of £1.79 Million. Predicted sales for 2006 are £2 Million. This successful Company has enjoyed a solid period of growth, which is set to continue. | Reason for Sale:
Our client intends to retire.
Support and Training:
Our client is happy to provide a training period for the new owner. | | | | 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 |
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