Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Sold. Wholesaler Of Chilled And Frozen Foods, Pies & Meats

LISTING DETAILS
Firms For Sale ID:
25013
Vendor reference:
EJ021
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£255,000  
Turnover / revenue:
£800,000
Net profit / cashflow:
Undisclosed
Trading hours:
Monday to Friday: 7.00 – 3.00
Number of employees:
5

OTHER DETAILS
Reason for selling:
After a long and successful career the directors wish to retire and hand the business over to a new owner who will drive it forward to the next level in its natural growth.
Support and training:
A handover period for a pre agreed length of time would be readily available in order to facilitate a seamless transition.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
They are on a 25 year renewable lease with 5-6 years to run and with three year rent reviews. Current rent is £14,000 pa and rent payable is £5,700 pa.
 
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BUSINESS DESCRIPTION
Wholesaler of Chilled and Frozen Foods, Pies & Meats

Ref.EJ021
Location South Coast
Asking Price £ 255,000

The business has been established for twenty one years and specialises in wholesaling cooked and sliced meat, frozen, chilled and ambient temperature food to the catering industry. They have established relationships with several food manufacturers across the UK. They specialise in cooked and sliced meat, delivering within the local area. The business has a freezer room, three chillers, a dry store and storage.

They have a turnover in excess of £800,000 with a gross profit of approx. 25% and good net and adjusted profits.

The company has built up a superb database that includes several long term repeat customers and operates from good but low overhead costs.

Expansion Potential
A move to give greater focus to chilled foods along with the current concentration on frozen products will undoubtedly produce increased sales and profits.