Asking Price: Offers Invited in the region of £1,000,000
Leasehold/Relocatable
Asking price includes:
Own brand range of seafood based frozen products
Turnover in 2013 £2.15 Million p.a.
Gross Profits in 2013 circa £246,000 p.a.
Long term 10 year exclusive distribution contract in place
Very low fixed costs
Superb business model
Goodwill
Business profile:
An exciting opportuntiy to purchase a well established and very popular “own brand” frozen food supplier that imports the range directly from The Far East into the UK for wholesale distribution via its own exclusive UK distribution partner. Own brand sales account for approximately 70% of current revenues for this company.
This business is a rarity in the market in that it has no need to carry large amounts of stock as it already has a long term supply and distrubution agreement in place with its customer who supplies this brand throughout the UK on their behalf, on an exclusive basis. This also means that this business does not need large premises or high stafffing levels which again keeps fixed costs down and improves bottom line profitability.
The businesses core “own brand “ frozen food products are fish based and sourced from the Far East. The products and the brand for that matter are regarded as high quality and consistent, with pricing being competitive. The products themselves are distributed by this company’s exclusive distribution partner throughout the UK to in the main Chinese Wholesalers and Supermarkets.
The business model has now been put in place and the company has excellent supply and sale relationships established. This is demonstrated by the fact that sales have grown consistently year on year for the last 10 years and this trend is expected to continue moving forward, especially in light of the long terms agreements the business has in place.
