Fine Food Import Distribution & Retailer For Sale

Business description

The Business Partnership is pleased to offer for sale this business, which comprises two limited companies, one wholly owned by the other, operating in the fine foods market sector. This unique combination provides fine foods to both the wholesale market and directly to the consumer. The consumer offer includes a delicatessen and a bar/restaurant.

The business trades well with the joint sales turnover for the businesses being in excess of £1.5m. Projected net profits for the group for the current year are in excess of £150k.

Sales and profits in the delicatessen and bar/restaurant, in particular, are showing substantial year on year growth.

The distribution business operates from quality freehold premises.

Property information

Property:

Leasehold

Lease terms:

The retail premises are leased on a 15-year lease with some 10 years remaining at an annual rent of £40,000. The vendors will offer a new lease for the distribution premises or these may be purchased at market value.

Location:

The distribution premises are in total 5,000 square feet and are located on a half-acre plot. Internally the premises are split between a racked storage area, specialist refrigerated and cold store rooms and a sales office.

The leasehold retail premises occupy a prime location in a devleoping area close to the city centre.

Other information

Expansion potential:

There are substantial opportunities to expand both the distribution offer and the retail business.

Competition / Market:

There is little direct competition for this business.

Support & training:

The vendors will work closely with the new owner to ensure a smooth transition.

Reasons for selling:

The directors are planning to retire from business and emigrate.

Related documents:

• 
• Non Disclosure Agreement

Contact the seller