Importer Distributor & Retailer Of Ethnic Polish Food For Sale

Business description

Importer, Distributor & Retailer of Ethnic Polish Food plus Cash & Carry

Founded in 2005, this company is an importer and distributor of quality Eastern European Ethnic food to retailers and cash & carry outlets throughout the UK.

This business has carved a niche market for itself providing an extensive range of ethnic Polish foods and ingredients, for a growing market, in the United Kingdom. They have rapidly grown to become one of the leading importers and distributors for this unique range of foods. Distribution is co-ordinated from their substantial warehouse premises, which also operate as a cash and carry outlet.

This business is a professional trade only wholesale cash and carry service for independent retailers that stocks a wide range of items including confectionery, drinks and food etc with new stock constantly arriving. It is very profitable and attracts an extensive base of repeat customers from throughout the UK.

The business has an impressive and growing database of regular clients and constant new referrals. They are extremely competitive, supplying quality products, food and other merchandise, and have an impeccable reputation, offering enormous potential.

Equipment:

The business premise is well equipped and fully racked for this type of operation. Equipment includes two vans, one forklift and three cold rooms amongst other items. The business uses Sage Accounting software for invoicing with all clients’ details held on a comprehensive database.

Customer Service:

The business manages a great many customers in any normal week and has the systems, processes and people to ensure that both productivity and customers’ orders are satisfied. The most important aspect of customer management and satisfaction considered by the business is honesty and is responsible for the business retaining many customers and the reputation for which has led to the acquisition of many new customers.

High quality service, with flexibility, honesty, reliability and good value, every order request is important and customers always come first. The result is self evident in the business’s sustained level of repeat business.

Key Strengths:

The business has developed a reliable reputation and is very profitable, benefiting from its close supplier relationship and consequent buying power. The business has earned an outstanding reputation for its reliability and efficient order fulfilment and a willingness to help.
Its location amidst a number of complimentary, non-competitive wholesalers in the food and drink sector means that it will substantially increase its customer base, turnover and profitability swiftly as many more customers become aware of it, attracted by the loyal customer base the business already enjoys.

This business fills a niche in the market by offering a quality product and outstanding service, taking the market to a new level by insisting that all work is handled with care, striving not only to meet standard requirements but also to exceed them.

Financial Information:

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.

Current turnover is circa £1,200,000 per annum with good profits already being shown, however with the right input of time and creativity this business can increase the turnover and profits exponentially.

Property information

Property:

Leasehold

Lease terms:

The premises are leasehold, and rent is currently circa £16,828.Service charge will be payable separately.

Location:

The business operates from well equipped and fully racked warehouse premises, which comprise of administration offices and parking. Situated in close proximity to the North Circular, the business is superbly located in a highly populated area with excellent links to major road and motorway links.

The premises are leasehold, and rent is currently circa £16,828.Service charge will be payable separately. The current lease expires in 2010, however a new lease will be negotiated with the landlord, (with whom the vendor has an excellent business relationship), on terms agreeable to both parties, unless a new owner would prefer to re-locate the business.

Business Operation

Expansion potential:

This business is based in a central location and could certainly achieve increased sales and profits. The owner recognises that while the business is acknowledged for its quality and service, more assertive marketing of the Company’s portfolio of products will help build this excellent business into an even bigger cash earner for any enthusiastic new owner.

Competition / Market:

The business has not used advertising in the past. The best form of advertising for this business is and will always be "Recommendation". A large percentage of new clients derive from referrals and the business regards existing clients as their best advertisers. It has maintained an excellent reputation since inception and there is immense opportunity to implement further and more assertive methods of advertising to expose the business to even greater markets. The business does not have a web presence and there is no doubt that turnover and profits could increase exponentially using this additional medium.

Reasons for selling:

Having grown the business rapidly over the past four years the current vendor believes the time is right to pass the business on to a new owner.

Trading hours:

Monday – Friday 8.00am – 5.00pm
Saturday 8.00am – 12.00pm

Employees:

The owner works full time in the business and has a total of six full time staff, covering all aspects of the business.

Years established:

2005

Other information

Support & training:

Full support and training will be provided to the successful purchaser.