Property Descriptions

Ref No: AF145 Location: South Yorkshire Asking price: OIRO £795,000+Net assets Asking price includes: Turnover circa £5,000,000 per annum Gross Profit c£400,000 Net Profits c£225,000 Long time established family business Leasehold warehouse and office Expanding industry sector with huge growth forecast Buying directly from the manufacturers Very competitive supplier Wide range of stock items Circa 40-50 regular daily customers Well equipped warehouse and cold store Loyal and knowledgeable staff All year round easy to run business Very little competition in the local area Profitable business with good cash flow Superb growth and expansion potential Goodwill Business Profile: This is a rare opportunity to acquire a family run business which is growing at a rapid rate with excellent growth potential over the coming years in an expanding market sector. They are a wholesale catering supplier specialising in providing lines for the fast food market. Their customers are predominantly independents, including, Chinese, Indian and Italian takeaways. The business, which is the only one of its kind in the area, runs from two leasehold industrial units in South Yorkshire which have been converted into one large warehouse with a container cold room and large built in container feeezers. They stock over 1,000 different lines for the fast food market including, burgers, doner kebabs, meats, pizzas, chicken nuggets, bread buns, cheese, oil, flour, tea, coffee, packaging material and vitually everything you would need to run a successful take away store. This is truly a “one stop” supplier. They buy directly from the manufacturers in bulk, and because of their tremendous buying power, have become a highly competitive catering supplier, matching and beating any of their competitors. This is further enhanced by a speedy and efficient free, same day delivery service offered to their customers. This is a profitable business which is easy to run and has a good cash flow. Customers pay promptly as they need regular and reliable daily supplies. This is a company that is growing rapidly in a market sector which continues to expand. As all our lives are put under more and more time restraints, take-away food will become a further and more important part of our everyday lives. Every day the company receive new enquiries from take-aways that are starting up in business and the long term future for these establishments is for further expansion. Key Strengths: Well established catering supplier Regular repeat daily customers Buying directly from the manufacturers Growing market sector Open seven days per week Wide range of products Good leasehold location Well maintained warehouse with modern equipment Computerised stock and order system Small fleet of vehicles Profitable business with good cash flow Little competition in a densely populated area Easy to run with excellent growth opportunities Growth and Expansion: The take-away market sector for food has been growing for the last few years and shows no sign of slowing. With the public working more hours and businesses staying open longer, take-away food has become a permanent fixture in all of our lives. This wholesale catering supplier has specialised in stocking all of the main lines that takeaways need and they are the only one of its kind in the local area, hence they have cornered a significant and expending sector of the food supply market. Everything from burgers to packaging materials are kept in stock and they currently have over 1,000 different lines immediately available, most of which they have purchased directly from the manufacturers allowing them to have a competitive advantage. They have concentrated their efforts within a circa ten mile radius of the warehouse and been have highly successful in obtaining regular repeat business. With their first class infrastructure in place the company has a huge opportunity to widen the catchment area and secure new customers enabling them to increase turnover and profits. Employees: The company has four full time and six part time employees. There are two directors, a secretary who looks after all of the administration. There are five part time drivers and a part time warehouse assistant, all of which have fork lift truck licenses. Premises: The business operates from two industrial units in South Yorkshire which have been converted into one large circa 6,000 square feet warehouse with racking and storage. The warehouse has offices and reception downstairs with three container freezers and a circa twenty feet long cold room. There is also a built-in freezer and another circa sixty feet long cold room downstairs. There are two separate mezzanine floors which are used as offices and for storage and there is a large yard outside for parking which also has two secure containers for additional storage space. The premises have security fencing around the perimeter plus a CCTV camera and an alarm system in the main building. The leasehold premises has an agreement which runs until 2028 with current rent payable of circa £26,000 per annum with rates of circa £5,500 per annum. Equipment: All of the vehicles, stock and equipment are owned by the company and are included in the sale price for the business; Two Mercedes Sprinter vans One Dispatcher Fridge van One LDV van Two fork lift trucks ( One diesel and one electrical) Five pump lifts Three, thirty five feet long, container freezers One, twenty feet long, cold room container One, twenty feet long, built-in cold room One, sixty feet long, built in freezer Two, external, forty feet long, sealed containers Computerised stock and order system with customer database Financial Information: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The company is expecting a turnover in the current financial year of circa £5,000,000 per annum. The company has net assets of circa £100,00,000. Reason for Sale: This is a retirement sale. Support and Training: The owners would be happy to help with a smooth transfer of the business in any way possible.