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Importer and Wholesaler of Fresh French and Italian Fruit, Vegetable, Meat

Price:
Leasehold - £1,800,000
Turnover:
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Seller Ref:
EB050
Location:

London

Business Type:

Food Service Businesses, Retail businesses

See Other:
Other food service businesses for sale in London
Fruit & veg shops for sale in London
Wholesalers for sale in London
Food service businesses for sale in London
Retail businesses for sale in London
Description:
THE BUSINESS:
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.
Location Details:
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.
Lease Terms:
The rent and business rates are around £16,000 per annum.
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