Midlands Importers And Distributors Of Beverage Related Products For Sale

Business description

HISTORY

• The business was originally founded over 22 years ago whilst the current vendors have had the business for over 13 years.

REASON FOR SALE

• The business is only now being reluctantly offered for sale as the vendors wish to retire.

PRODUCTS

• Suppliers of beverage related products & accessories.

CUSTOMERS

• National database of clients, many of whom are blue chip
• Approximately 15% of turnover goes to Ireland.

STRENGTHS

• An extremely well established business which has been trading for over 22 years
• Excellent customer reputation with a very high repeat trade from many blue chip clients
• A low overhead business, in particular, rent and rates which are only approximately £12,000 per annum for them both combined
• Net annual sales of circa £330,000 which is being achieved consistently
• Large stock levels are held to ensure all orders are able to be supplied quickly.







DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn withou notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Property:

Leasehold

Lease terms:

• Leasehold
• Original Lease: 6 years
• Remaining lease: 3½ years
• Review every: 3 years
• Rent: £10,382 per annum
• Rates: £1,190 per annum

Location:

• The business operates from two adjoining commercial units which total approximately 4,000 square feet and are based in the West Midlands.

Premises details:

• The business operates from 2 mid terraced adjoining commercial units located on a small industrial unit briefly comprising of:
• Corner entry door into corridor with kitchen and 2 W/Cs off
• Entry door into warehouse which is fully racked out from floor to ceiling with mezzanine floors in both units to give the maximum storage potential
• One mezzanine floor has a works office plus a general working area
• Ground floor is the packing area
• Each unit has full height manually operated roller shutter doors and electric steel shutters over the pedestrian entry doors
• The premises benefit from being fully alarmed and from free of charge parking on the industrial estate
Equipment Included

• Triple reach mast fork lift truck
• 4 pallet trucks
• Stamping machine
• Set of scales
• Large mobile 13 steps, step ladder
• Shrink wrapper
• Counter weighing machine
• L sealer

Business Operation

Expansion potential:

• Approaching large department stores to offer to supply their requirements
• Exporting to other European countries
• Have internet sales by developing the business web site
• By advertising, as the business does virtually none at the moment.

Trading hours:

• Basic hours worked are varied to suit the personal lifestyle of the vendors.

Employees:

• The 2 vendors each work approximately 4 days per week • A part time salesman who works approximately 12 hours per week • Another part time employee who only works 3 – 4 hours per week.

Other information

Related documents:

• 
• Sales Particulars

• 
• EPC