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

EB050 -London-£1,800,000-Importer and Wholesaler of Fresh French and Italian Fruit, Vegetable, Meat for sale in London, UK

London, UNITED KINGDOM - UK (UK)

Business Summary: Importer and Wholesaler of Fresh French and Italian Fruit, Vegetable, Meat and Shellfish Produce Ref.EB050 Location London Asking Price £1,800,000 The vendor of this large wholesaler has been in the business since a young man working with his father initially in the import and wholesale of a wide range of products from his native Italy. This business has its roots in 2000 when the vendor leased his first unit in a busy and world famous London Market. In the last decade the company has grown in size and built a well known and respected trade name, supplying a wide range of catering customers across the capital and further a field, including some high profile chef’s and prestigious restaurants and eateries. This is in main part due to their confidence in the quality of produce supplied and overall service of the business offered. The company supplies all high quality produce, mostly from Italy and France, with a product range which includes fresh fruit, vegetables, cured meats, olives, fish and shell-fish. There are also a good range of pre-packed canapés and hors d’oeuvres, which again tend to appeal to the higher end clients of the company. The company is known for always meeting the highest standards, and trading on quality over price while maintaining their competitiveness, this now results in a busy operation running through the night with three full-time delivery vehicles on the road, making between 80-100 deliveries per day.
Year Business was Established: 2001
Number of Employees: 11FT
Facilities / Terms of Lease: The business currently has a 10 year full renewable lease on a double unit in a busy purpose built major London wholesale market. The majority of the premises is devoted to both cold and dry storage. There is also a management office within the premises and ample designated room at the front and rear entrances for displays of products, which greatly expands the amount of useable retail space available during opening hours. The rent and business rates are around £16,000 per annum inclusive as the property is leased from the Local Authority, with an additional service charge of approximately £21,000 per annum.
Potential Growth/Expansion: The business is primed to expand from a very stable footing. The vendor feels that someone with a fresh level of energy could easily expand the product range in a number of ways. The business also has the capacity to serve a larger client base, and by employing a Sales Manager specifically tasked with business development, the company has the history and recommendation levels to assist with facilitating growth.
Competition: The business has conducted minimal advertising over the years, with the primary development of new accounts from direct approaches and sales calls along with the high levels of footfall, and the constant stream new enquires via ‘word of mouth’ recommendation and referral. The business receives custom from high-profile and prestigious clients, which assists in the authority of recommendations and building relations with new potential clients.
Owner willing to train: The vendor is happy to agree to a period of handover and training for the successful continuity of business operations.
Reason for selling: The vendor is looking to relocate to Italy with his young family.
Seller Reference Number: EB050 BusinessMart.com Listing Number: 97642
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