Wholesale Catering Food & Drink Supplier For Sale

Business description

Wholesale Catering – Food & Drink Supplier to Fast Food Establishments

This is a rare opportunity to acquire a family run business which is growing at a rapid rate with excellent growth potential over the coming years in an expanding market sector. They are a wholesale catering supplier specialising in providing lines for the fast food market. Their customers are predominantly independents, including, Chinese, Indian and Italian takeaways.

The business, which is the only one of its kind in the area, runs from two leasehold industrial units in South Yorkshire which have been converted into one large warehouse with a container coldroom and large built in container feeezers. They stock over 1,000 different lines for the fast food market including, burgers, doner kebabs, meats, pizzas, chicken nuggets, bread buns, cheese, oil, flour, tea, coffee, packaging material and vitually everything you would need to run a successful take away store. This is trully a “one stop” supplier. They buy directly from the manufacturers in bulk, and because of their tremendous buying power, have become a highly competitive catering supplier, matching and beating any of their competitors. This is further enhanced by a speedy and efficient free, same day delivery service offered to their customers.

This is a profitable business which is easy to run and has a good cash flow. Customers pay promptly as they need regular and reliable daily supplies. This is a company that is growing rapidly in a market sector which continues to expand. As all off our lives are put under more and more time restraints, take-away food will become a further and more important part of our everyday lives. Every day the company receive new enquiries from take-aways that are starting up in business and the long term future for these establishments is for further expansion.

Key Strengths:

• Well established catering supplier – Over four years
• Regular repeat daily customers
• Buying directly from the manufacturers
• Growing market sector
• Open seven days per week
• Wide range of products
• Good leasehold location
• Well maintained warehouse with modern equipment
• Computerised stock and order system
• Small fleet of vehicles
• Profitable business with good cash flow
• Little competition in a densely populated area
• Easy to run with excellent growth opportunities

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.

The company has a turnover of circa £2,000,000 per annum with Nett profits of circa 13%-15% per annum. The turnover projection for the coming year is for rapid growth with a forecast of around 50% increase on turnover. The company has net assets of circa £200,000.

Property information

Property:

Leasehold

Lease terms:

The leasehold premises has an agreement which runs until 2022 with current rent payable of circa £23,000 per annum with rates of circa £5,500 per annum.

Location:

The business operates from two industrial units in South Yorkshire which have been converted into making one large circa 6,000 square feet warehouse with racking and storage. The warehouse has offices and reception downstairs with three container freezers and a circa twenty feet long cold room. There is also a built in freezer and another circa sixty feet long cold room downstairs.

There are two separate mezzanine floors which are used as offices and for storage and there is a large yard outside for parking which also has two secure container used as further storage space. The premises have security fencing around the perimeter plus a CCTV camera and an alarm system in the main building.

The leasehold premises has an agreement which runs until 2022 with current rent payable of circa £23,000 per annum with rates of circa £5,500 per annum.

Business Operation

Expansion potential:

The takeaway market sector for food has been growing for the last few years and shows no sign of slowing up. With the public working more hours and businesses staying open longer, takeaway food has become a permanent fixture in all of our lives. This wholesale catering supplier has specialised in stocking all of the main lines that takeaways need and they are the only one of its kind in the local area, hence they have cornered a significant and expending sector of the food supply market. Everything from burgers to packaging materials are kept in stock and they currently have over 1,000 different lines immediately available, most of which they have purchased directly from the manufacturersm allowing them to have a competitive advantage.

They have concentrated their efforts within a circa ten mile radius of the warehouse and been have highly successful in obtaining regular repeat business. With their first class infrastructure in place the company has a huge opportunity to widen their catchment area and secure new customers enabling them to increase turnover and profits.

Reasons for selling:

This has been a family run business and they are all now wanting to go their own separate ways and pursue other opportunities.

Employees:

The company has four full time and six part time employees. There are two directors a secretary who looks after all of the administration and a manager. There are five part time drivers and a part time warehouse assistant, all of which have fork lift truck licenses.

Other information

Support & training:

The owners would be happy to help with a smooth transfer of the business in any way possible.