Asking price: £850,000

Sales revenue: £3,500,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Wholesaler & Distributor of Alcoholic Beverages to the Licensed ‘on trade’ Sector

The business was established in 1991. Operating from a perfect location, half way between Central London and the M25, this independent business has risen to become a leading player in the lucrative drinks wholesale market in London, specialising in supplying drinks for the licensed trade, including a wide range of kegged and bottled beers, spirits, wines and soft drinks.

The current owner has built up a first class reputation throughout London for providing excellent levels of customer service. A large volume of stock ensures that clients are able to purchase what they want, when they want.

The small, dedicated team of staff offers a smart, slick, efficient service.

The business has an excellent track record and is known for its high levels of service, competitive prices and range of product.

The current owner has developed long-standing, solid and successful business relationships with both suppliers and clients alike.

Customer Service:

The business supplies a large number of clients each week. However the efficiency of the staff and the systems and processes that have been put in place ensure that customer’s orders are satisfactorily dealt with.

The business has grown consistently on the back of more and more customer referrals. This regular acquisition of new customers is testament to the excellent levels of service offered by the business as a whole and indeed by all of the staff.
High levels of service, providing flexibility, reliability and good value all contribute to the success of the business. Every order is important and the customer always comes first. The level of repeat business speaks for itself.

Key Strengths:

The business has for many years been able to provide the right products at the right price. Same day deliveries, range of products, efficient order fulfillment have all been factors in the businesses’ success.

Financial Profile:

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 enjoys a high level of cash flow, and has low overheads.

Turnover for the last scheduled accounting period was in excess of £3,500,000. Gross profit was circa £460,000.

Years established: 1991

Employees: The business currently employs 10 staff. This includes 4 x drivers,1 x warehouse and 5 office staff.

Trading hours: Monday to Saturday: 9 am to 6 pm.

Property: Leasehold

Lease terms
Business is leasehold and easy to renew, current rent at the moment is £98,000 per annum.

Location
The location of the business is ideal. Situated alongside a major route from the M25 into London, it is convenient for both London and the Home Counties. The warehouse is circa 10,000 sq ft and there is a large yard of circa 12,000 sq ft. that gives easy access and makes loading and unloading very straight forward. Business is leasehold and easy to renew, current rent at the moment is £98,000 per annum.

Expansion potential
Turnover is currently in excess of £300,000 per month. There is terrific potential to expand. Other than a very rare direct mail campaign, the business has not gone down the road of any sustained sales or marketing. With a more pro-active approach, coupled with the fact that the current premises provide opportunity to increase stock levels there is a significant opportunity here for expansion.

Competition / Market
The business has achieved its high sales figures, despite the fact that marketing has been more or less non-existent. Apart from the occasional direct mail campaign, there has been no spend on advertising. A proper marketing strategy would undoubtedly reap significant rewards.

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

Reasons for selling
The current owner is reluctantly selling and only due to ill health. A new owner will benefit from the hard work and dedication that this business has received.