 | Fine Food Import Distribution & Retailer For Sale Nottinghamshire, United Kingdom Advert ref: N502 FINANCIAL DETAILS | Asking price: £850,000 Sales revenue: £1,600,000 Net profit: £100k < 250k Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership is pleased to offer for sale this business, which comprises two limited companies, one wholly owned by the other, operating in the fine foods market sector. This unique combination provides fine foods to both the wholesale market and directly to the consumer. The consumer offer includes a delicatessen and a bar/restaurant.
The business trades well with the joint sales turnover for the businesses being in excess of £1.5m. Projected net profits for the group for the current year are in excess of £150k.
Sales and profits in the delicatessen and bar/restaurant, in particular, are showing substantial year on year growth.
The distribution business operates from quality freehold premises.
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GENERAL INFORMATION | Years established: More than 20 years
Employees: Both businesses are fullly staffed with a mix of full and part time employees.
Property: Leasehold
Lease terms
The retail premises are leased on a 15-year lease with some 10 years remaining at an annual rent of £40,000. The vendors will offer a new lease for the distribution premises or these may be purchased at market value.
Location
The distribution premises are in total 5,000 square feet and are located on a half-acre plot. Internally the premises are split between a racked storage area, specialist refrigerated and cold store rooms and a sales office.
The leasehold retail premises occupy a prime location in a devleoping area close to the city centre.
Expansion potential
There are substantial opportunities to expand both the distribution offer and the retail business.
Competition / Market
There is little direct competition for this business.
Support & training
The vendors will work closely with the new owner to ensure a smooth transition.
Reasons for selling
The directors are planning to retire from business and emigrate.
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The Business Partnership - Derbyshire, Nottinghamshire, Sth Staffs, NW Leics | | | |
