Business
Please quote reference B07176

The company is a turnkey business, importing and producing traditional Slovak, Czech and Hungarian grocery and household products, before distributing them on both a wholesale and retail basis. The company has a wholesale and e-commerce arm and two flagship stores in the North West. 

Established in 2014, the company and its various subsidiaries specialise in the sale of traditional Slovak, Czech and Hungarian grocery and household products. Catering to both trade and domestic customers, the company is a turnkey business, importing or baking its products, before selling them on both a wholesale and retail basis.

The majority of the company’s total sales volume is constituted by physical retail through the company’s two flagship stores, however online sales have experienced good organic growth over the past 18 months.

The company has a number of significant gains to offer the prospective purchaser, including:

• An outstanding financial profile, with a turnover of circa £2.1 million and an adjusted EBITDA of £97,460 in 2023;
• High rates of repeat custom and a loyal customer base;
• An online database of 800 clients;
• A formidable reputation in the market, with an average 4.8 Google rating;
• Bankable USPs, including the company’s own bakery and its own direct importation of products from Slovakia, Czechia and Hungary;
• A team of 13 employees, including retail assistants, a wholesale manager, and a sales and marketing manager;
• Large stock holdings, to be passed to new owner upon sale;
• Established relationships with suppliers and a transportation company;
• Significant digital presence, with an e-commerce platform and 9000 Facebook followers;
• Significant scope for growth.

Highlights –

• Purveyor of traditional Slovak, Czech and Hungarian grocery and household products;
• Two flagship stores in the North West;
• Turnover in excess of £2 million and outstanding profits;
• Loyal customer base;
• Formidable reputation in the market;
• Directly imports from Hungary, Slovakia and Czech Republic;
• In-house bakery;
• Ample scope for growth.

Opportunities –

• Potential to expand the wholesale side of the company;
• Potential to revitalize the company’s marketing strategy;
• Opportunity to grow the company’s e-commerce sales;
• Potential to open further retail locations;
• Opportunity to expand the bakery to meet the high demand from third parties.

The shareholder wishes to spend more time with his family and allow the business to grow under new ownership. He and his wife are open to remaining within the business on a part-time or full-time basis.

Location
Located in the North West of England. 

Premises
Trading from a rented premises. 

Tenure
Leasehold basis. 

Hours
Due to the nature of the business, it operates all year round. 

Staff
Experienced staff in place

Financial Profile
Turnover IRO £2.1m in 2023.

• 100% share capital
• Interested parties will be required to sign an NDA