Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Sold. Highly Profitable Specialist Italian Food & Drinks Retailer &wholesale Business

LISTING DETAILS
Firms For Sale ID:
34638
Vendor reference:
AF175
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£450,000  
Turnover / revenue:
£1,780,204
Net profit / cashflow:
Undisclosed
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
 
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BUSINESS DESCRIPTION
Highly Profitable Specialist Italian Food & Drinks Retailer &Wholesale Business
Ref. AF175
Location : Bedfordshire
Asking price: GBP 450,000 (ONO)Plus SAV
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. The split between wholesale and retail is approximately 50/50.
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.

Expansion Potential
The business operates very much within the scope of the vendors self imposed limits and could grow rapidly by expanding sales to other parts of the supply area; further into London, around the M25 and further North along the M1. A great measure of growth can be accommodated by the space within the business current premises.

The vendor is soon to add a second shift to accommodate demand for the bakery and a pizza oven has added to revenues.

The vendor believes that the core wholesaling activities of the business could be increased by as much as 90% within the current facility. Furthermore the opportunity to add an e tailing arm to the business is very significant.

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.