Food Importer & Distributor Supplying The Hotel Trade For Sale

Business description

Food Importer & Distributor Supplying the Hotel Trade, Restaurants, Coffee Shops and Consumers

Established in 1996, the company imports and wholesale a unique, quality range of food and catering utensils, distributing to many satisfied clients. Since inception this business has become the professionals' choice, clientele include restaurants, bars, hotels coffee shops and many other consumers.

Stock includes a large variety of food and drink lines plus catering products. The company provides a complete service to clients operating in the hectic world of hotel, catering and hospitality. Food products range from the ordinary to the ultra-exotic, while catering utensils consist of anything from a mop to a chefs hat.

This is an excellent, well run business on first class margins, which are achieved by judicious buying from suppliers. This company is debt free and very profitable with gross profit margins of 23% and growth averaging 12% per annum. The company is extremely competitive and has earned an impeccable reputation supplying many customers over a wide radius, offering enormous potential to a new owner.

All products are supplied on a very regular delivery cycle, 6 days per week, using the company’s own vehicles within the M25; alternative carriers make deliveries on behalf of the company beyond the M25.

This terrific opportunity has strong name recognition and solid year-round revenue. The business has experienced an expanding customer base since its inception, with an extensive base of long-term repeat clientele and an impeccable reputation standing behind its profitability and outstanding growth potential.

Key Strengths:

The business employs a stable, experienced workforce who work from the modern complementary premises. The trading track record of this thriving business speaks for itself; with a long history of profitability and a excellent trading performance in recent and current years coupled with debt free status.

The business has membership of key buying groups, which strengthens their trading position as it offers access to key brands and supports marketing activities.

The principal sales activities of the company are inherently low risk, with the product range focusing on goods that customers really want and need, with the bulk of sales being repeat sales of life's essentials. New lines have however been added over the years, and the strong contribution to profits from a wide variety of catering accessories are testament to the firm's ability to meet the challenges of the changing market place.

Customer Service:

The Company offer unmatched levels of service and supply a huge selection of staple products from baked beans to chefs’ aprons and guarantee complete satisfaction on all levels of service. Staff are available for pre-sales advice, delivery, quality and price.

Key Opportunities:

There is a significant opportunity to grow this business by increasing the number of suppliers and broadening the range of products in line with the requirements of the client base. Supplying frozen foods could compliment the business and increase profitability.

Areas could be identified where additional products could be introduced. Special offers and promotions could also be offered every month to gain additional business. Sales would increase with the implementation of a cohesive sales and marketing strategy.

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 business is financially stable and profitable. Sales are forecast to exceed £4,600,000. This successful Company has enjoyed a solid period of growth, averaging 12%, with gross profit circa 23%, which seems set to continue.

Property information

Property:

Leasehold

Location:

The company operates from purpose built premises strategically situated in a prime location on a modern business park. The two storey building is circa 15,000 square feet and comprises of high quality distribution facilities with administration offices that are extremely well fitted out.

The site and service yard is gated and fully secure. There is excellent space for car parking, truck parking and loading with 360 degree HGV circulation.

The business is ideally positioned just 2 miles from Junction 3 of the M4 and close to Heathrow and the M25.

The premises are leasehold and subject to negotiation at the time of sale.

Business Operation

Competition / Market:

The best form of advertising for this business is "Recommendation". The business currently promotes itself in magazines and at trade exhibitions. 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 currently being revamped and investment in a marketing manager could help to increase the turnover and profitability of the company.

Reasons for selling:

Our client intends to retire.

Trading hours:

Monday – Friday 7am –5pm
Saturday 7am –1pm
Bank Holidays Closed

Employees:

The company currently employs 17 loyal multi-skilled staff.

Years established:

1996

Other information

Support & training:

Our client is happy to provide a hand over and training period for the successful new owner to be negotiated at the time of sale.