Business Summary:
Specialist Spanish Food Wholesaler
Ref.EJ029
Location North West London
Asking Price £ 490,000
Established in 1997 this business has carved a niche market for itself by providing a range of ethnic Spanish food and ingredients to the retail market and to other wholesalers. Tapas Bars are becoming more and more popular and Spanish dishes and products can be found in most restaurants. In general Iberian fever seems to have captured the British spirit,
everyone wants Spanish, yet the level of awareness and knowledge is limited. The educational process, however, is a hard and long-winded battle that only a handful of forward sighted suppliers are able to take upon themselves.
As one of the leaders in this field, this business has risen to prominence in London’s catering and hospitality industry, famed for its endless knowledge of Spanish produce and goods. In many ways it is the backbone in all things Spanish as far as epicurean expertise is concerned in the capital. The company is the only Spanish caterer in London catering for weddings and corporate events, as well as being specialist ham carvers.
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| Year
Business was Established: 1997 |
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| Facilities / Terms of Lease:
A fully equipped and warehouse premise is available in North West London if required. The owner of the business also owns the freehold so a new lease is offered. Alternatively the feehold may be available, if required. Full details are available from the vendor as required. |
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| Potential
Growth/Expansion:
Although the company has invested approximately £450,000-£500,000 in setting up the business, very little of this has been spent on advertising, marketing or sales, instead relying on their growing name and reputation to gain customers through word of mouth recommendations. Whilst the company has grown well during this period there is little doubt that a concerted effort in these areas will produce superb additional results in both turnover and overall profit. |
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| Competition:
Much of the business's revenue is a result of word of mouth recommendation, bearing strong testimony to the excellent reputation enjoyed by the business since its inception. As there is currently little, if any, advertising the owner is aware that a more active sales and marketing campaign would certainly improve sales and profitability and will increase its market exposure and revenues. The implementation of some form of database management would also ensure the business fully maximises the opportunities its growing customer bank represents. |
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| Owner
willing to train:
The owner will provide a handover period and is happy to provide ongoing support thereafter for a period of time, including continuing to work for the company for a time if required. |
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| Reason for selling:
Having recently lost one of the owners of the business as well as a valued family member the remaining owner now wishes to take stock and consider his options. |
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Seller Reference Number: EJ029
BusinessMart.com Listing Number: 53869 |
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