Overview
Description
The company imports European cuisine, including cured meat; fish; continental dairy products and Italian cheeses; canned vegetables; dry and fresh pasta, rice and other food cupboard staples; sauces, olive oils and condiments; and alcoholic and non-alcoholic drinks.
The extent of the company’s product range enables it to act as a one-stop shop for all disposable items utilised by restaurants and takeaways, with food containers and cleaning products also supplied.
Throughout its time in operation, the company has developed strong, long-standing relationships with some of the best producers of food and wine in Europe, with no single supplier representing more than 5% of its total purchasing. This allows the company to maintain excellent stock levels that ensure clients receive orders promptly and in excellent condition.
The company is being offered for sale to facilitate the shareholders’ retirement.
Offers Invited.
Key Highlights
– Caters to over 1,000 clients in the food service and retail industries, including restaurants, wholesalers and buying groups.
– Benefits from high volumes of repeat business, with some client relationships spanning over 12 years.
– In-house mobile application generates the majority of sales, streamlining the ordering process and reducing associated costs.
– Operates a fleet of refrigerated delivery vehicles, enabling it to provide free deliveries across Southern England.
– Plans underway to increase sales of wine and form relationships with supermarkets, providing scope for growth.
– Operates from a leasehold warehouse, which is owned by the shareholders and could be included in the sale. The property has a market value of circa £6m.
Financial Highlights
– Turnover of circa £16.8m in YE23.
– Adjusted EBITDA of circa £1.7m achieved the same year.
– The 10 largest clients only generate 18% of the company’s overall turnover, reducing its – reliance on any single source of revenue.
– Restaurant industry currently valued at £23.3bn, approximately 90% of which is attributed to sales of food and alcoholic beverages, providing a buoyant market for the company to sell into.
Is this business relocatable:
Is stock included:
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