Distributor of Ethnic Food plus Cash & Carry For Sale

Business description

Since its inception in 1993 this business has grown exponentially, due to the huge and diverse product range offered within this niche market, combined with the prompt and efficient service throughout the UK and its superb supplier relationship, allowing it to be always price competitive.

This business has found a huge niche, ethnic marketplace with very little competition, especially on a national basis. In addition to importing the food lines direct, the company also wholesales and distributes within the UK on a next day basis, plus running a very successful and lucrative, cash and carry business from its head office location in Middlesex.

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 with food products that range from the ordinary to the ultra-exotic. It is very profitable and attracts an extensive base of repeat customers from a wide radius, with a database in excess of 1,000. They are extremely competitive, supplying quality products, food and other merchandise, and have an impeccable reputation, offering enormous potential.

Property information

Location:

Located in a secure business park in Middlesex with security and gate access this has an area of approximately 40,000 square feet with two fully racked warehouses and large amounts of office space, with the all the usual facilities and amenities. The office space is currently under utilised, offering the opportunity of sub letting some of this valuable space, for additional income if required. The premises also benefit from three-phase electric supply, as well as all other services with plenty of parking and delivering space.

The current lease is a ten-year fully renewable lease, with nine years to run and rent reviews every five years.

Current rent is £375,000 per annum with rates payable of £185,000 per annum.

Other information

Expansion potential:

The current market for this business’s services is stable and is forecast in the near and longer term for continued and significant growth within this niche ethnic market. The business is well positioned to take maximum advantage of this growth as it occurs and to seek out other related markets.

Competition / Market:

The best form of advertising for this business is "Recommendation". The business currently takes advertising space in the trade press 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 constantly under update but could increase further revenue potential by introducing on-line ordering facilities.

Support & training:

The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.

Reasons for selling:

Having achieved the goals set for himself the owner now has other, very lucrative business ventures in mind, that he wishes to apply himself to full time.

Trading hours:

Monday – Friday 6.00am – 10.00pm Saturday 8.00am – 2.00pm