Businesses For Sale > Business For Sale in Belfast, UNITED KINGDOM - UK (UK)

CH063-Belfast-Ł3,400,000-Catering Distributors, Importers, Wholesalers of Oriental and European Cate for sale in Belfast, UK

Belfast, UNITED KINGDOM - UK (UK)

Asking Price:	Gross:	Cash Flow:
Undisclosed	Undisclosed	Undisclosed

Business Summary:
Catering Distributors, Importers, Wholesalers of Oriental and European Catering Food and Packaging Confidentially offered for sale Ref No: CH063 Location: Belfast, Northern Ireland Leasehold Asking price: Ł3,400,000+ SAV This business is a leading supplier of quality catering food and packaging products and offers an excellent and extensive product range including aluminium containers, plastic containers and paper board lids, all at competitive prices. The business supplies food products to Chinese and Indian restaurants and manufactures food packages for the food sector. Both product ranges compliment each other and the manufacturing side is to be expanded with circa Ł450,000 of further investment. The business supplies 80% of needs at competitive prices for brand name products. Highly competitive the business has the distinct advantage of being able to sell their very comprehensive range of products to retailers and wholesalers who are classed as opposition in the market. The business operates from fully equipped factory premises for the manufacture and distribution of its products and has exclusive distributorship deals, plus a quick dispatch and delivery service to its regular and established customer base. The customer base is split between weekly customers of circa 300 and monthly customers of approximately 100 spread across N. Ireland and Dublin

Facilities / Terms of Lease: The premises are strategically situated in a prime location and comprise of a warehouse/factory/office complex of circa 30,000 sq ft., situated on a secure site with gated entrance and being protected by a security alarm and grills. The gated secure site and service yard allows for generous and secure car parking, loading and truck parking. The premises will be offered on a leasehold basis and a new lease is to be created with rent negotiable at circa Ł180,000 per annum. Alternatively the freehold premises could be available for sale separately at Ł2.7 Million

Competition: The business has used little or no advertising in the past, with a significant amount of revenue, orders and enquiries being achieved through word of mouth recommendation and referrals. The company has never previously employed a sales person or a marketing team and it is felt that by employing such a team it will greatly enhance the growth of the company. Special offers and promotions could also be offered every month to gain additional business. The vendor recognises that investment in a company website to portray the company activities would be a valuable asset. There is little doubt that turnover and profits will increase through development of this medium

Owner willing to train: The current owner is prepared to stay on for a handover period to provide the new owner with relevant training if required.

Reason for selling: Wants to pass on to new management team to develop to the next stage Has property business wants to develop

Seller Reference Number: CH063
BusinessMart.com Listing Number: 40020

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