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Business for sale in United Kingdom - Af132-long established and sizeable import & distribution company focused on italian food products-london

| Asking Price: | 1,200,000 £ | |
Real Estate: | Lease | ||||||||
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| Sales Revenue: | 5,000,000 £ | |||||||||||
| Net Profit: | 450,000 £ | |||||||||||
| Year Established: | 1968 | |||||||||||
| Employees: | 20FT | |||||||||||
| # of family members employed: | Not Disclosed | |||||||||||
| Location criteria: |
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Business description

this well known, respected and profitable business was established by the vendor in 1968 with a focus on importing the finest premium brand food, ingredients and beverages from his home of italy. Since those early beginnings the business has grown extensively, to the now sizeable operations, with a wide and diverse range of products, and a large on-going client base across london and the south east.
the company focuses on importing and distributing food products and high quality ingredients that appeal to the italian catering sector, such as well know pizzaeria chains, coffee shops, and top quality independent italian cuisine restaurants. Alongside well known international brands and sought after products such as pastas, sauces, cheeses, salami, fresh vegetables and olives, and alcohol, the business has also developed an in-house range of products. The brands and trademarks of these products are wholly owned by the company, and are produced under license in italy for specifically for import. The company regualry visits suppliers in italy, and now further a field to source the finest goods. They have established exclusive import rights with a number of producers, including those that supply a premium alcohol brand which has proved very popular in the marketplace over the past few years.
the company currently operates from a large warehouse of around 15,000 sq ft, with management offices on site. There is a streamlined distribution netowork in place with 5 delivery vehicles running full-time during the week. The relationships with suppliers, trading partners, and customers have been built on trust and reliability over the years, and this offer a stable footing in terms of turnover and profit levels. The strength of these long-term relations and the focus on product quality, whilst keeping prices competitive, means that the business does not suffer from much direct competition looking to poach business. With the unique ranges produced under licnese, customers know that there is only one company that can deliver the goods and quantities which they require, competitively, on time and to the highest standard.
with a family based focus behind the business, the company has had a real passion for surpassing expectations from the outset. This pride in the company and the products is all prevalent, and shown in the amount of on-going repeat business, and attention to quality at all times.
equipment:
as expected of an import and distribution company of this size and history, the business operates a comprehensive back office system, with all client, supplier and financial accounts held on company servers. There is a real-time stock control software suite which handles all warehousing and logistics. The business runs a fleet of 5 delivery vehicles, and has a fork-lift truck in the warehouse.
customer service:
over the last 40 years, customer satisfaction has been the cornerstone to the growth and on-going success of the business. With an attention to detail that only a hands on owner, can show and instil in a close knit company, with family involvement, the business has many clients who have remained with the company for decades. The produce is always of the highest quality, and all customer requests are met in a timely and flexible manner
key strengths:
the long trading history in itself is a major asset and strength to the business, supplying confidence to new and existing clients alike. The range of key clients offers a stable level of sales and profits, with consistent on-going levels of trade year on year. As the business is located in the heart of the capital, the company enjoys a highly populous area of the country with a high density of restaurants, cafes and caterers on their doorstep with which to trade. Also, as the company is focused on the top end of the market, and has an in-house range of products, the business enjoys good margins across the board.
growth and expansion opportunities:
the business has a very stable footing from which to expand. There is every opportunity to develop the wholesale operations, and supply to other distributors across the country and europe, especially with the specific brand names owned by the company. The are also many options to diversify the product range even further, and supply the huge range of clients on the books with additional food and drink items.
Additional information

| Additional information: | Not Disclosed |
|---|---|
| Support & training: | The vendor will provide full support during an agreed handover period, with long serving staff remaining with the business and assisting in continuity of service. |
| Reasons for selling: | The vendor is looking to retire after 40 years building the business |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate

| Ownership: | no |
|---|---|
| Lease: | yes |
| Lease terms: | The previous rent was circa £90,000 per annum, with business rates of around £18,000. |
| Location: | The business has been located at the present circa 15,000 sq ft warehouse with Management offices in Central North London for over 10 years. The Freehold of the property has recently been sold to developers working on a major local authority project. However, the business is fully re-locatable to a suitably sized property. The previous rent was circa £90,000 per annum, with business rates of around £18,000. |
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