Asking price: £2,500,000

Sales revenue: £4,000,000

Net profit: £390,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This superb Company is a British-owned, Spanish-based warehouse distributor of about 2000 lines of ‘favourite’ British foods, toiletries and other household items.
The Company sells to its franchised network of 30 plus convenience stores and also to 100’s of other retailers, bars and restaurants on the Mediterranean coastal area of Spain. The 1st store opened in Alicante 11 years ago and the 1st franchised store was opened 4 years later.
The success of the formula, selling British products to the Ex-Pat community, encouraged the Company to expand across the Costa Blanca. Most of the Company’s staff are UK Ex-Pats as are all of the Franchisees. The founder, his wife and daughter all work at the company and will assist with the handover to new owners.
This opportunity will appeal to an established retailer, wishing to gain access to a quality operation in this much sought after area for UK Ex-Pats. It will also appeal to distribution professionals, wishing to relocate to Spain to run their own business in a warmer climate.
The Company’s financial performance is impressive with Sales in 2007 of €5.1M and an Operating Profit of c €0.5M - there is also opportunity for significant growth in the future. 100% of the shares of the Company with its network of franchises, is being offered for sale for a Guide Price of £2,000,000 plus an additional £500,000 for the warehouse premises.

Property: Freehold