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Business for sale in United Kingdom - Ej040-wholesale potato merchants-lincolnshire

Asking Price: 300,000 £ Real Estate: Lease
Sales Revenue: 364,000 £
Net Profit: 1 £
Year Established: 1948
Employees: 4FT, 1PT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/County of Lincolnshire/Lincolnshire

Business types:

Wholesale trade

Business categories:

Food & Beverage; Food Distributors

Business description

This is a great opportunity to acquire a long established family business, which has been wholesaling potatoes since 1948. They are famous in the surrounding areas for supplying peeled, chipped and pre-packs of jacket, new and salad potatoes to pubs, restaurants, fish & chip shops and even other local merchants. they are known as a strong buyer within the industry purchasing in bulk directly from the farmers. They have strong working relationships with their suppliers and pride themselves on being prompt and good payers within the trade. On delivery of the supplies they grade, clean, wash and package the product ready for sale to the wholesale and catering trade of which they have a large database of regular repeat customers. the business runs from a leasehold site with offices and grading shed with a separate chipping factory nearby. There is a small team of staff who look after the administration, grading, chipping and delivering of the products. the owner has decided to sell the family business after many happy and prosperous years in the trade. This would be a perfect bolt-on to someone already operating in the same or similar market place, or for anybody new to this market as the vendor has suggested that prior knowledge of the industry is not necessary to take on this business. The vendor has also stated that he will be prepared to stay on until new owners are happy that they can successfully manage the business themselves. customer service: the company has developed strong relationships with both suppliers and customers alike. The business has three vehicles, which allows them to collect from farms and make deliveries to customers on a daily/weekly basis. The flexibility of the operation allows for them to be able to supply different sizes of pre-packs, some for bulk use in restaurants & pubs, plus they have a large trade for chipped potatoes to local fish & chip shops. The company has a growing trade for smaller pre-packs for mini markets to retail on to the public. key strengths: the key strength of this business is the simplicity of the traditional business model to buy in bulk at the lowest price, and to sell on at a profit offering their clients a first class product and a high quality service. the company has a good name and reputation built up over a sixty year period with many long standing suppliers and customers alike. being in the heart of lincolnshire, the business is surrounded by the finest potato growers in the country. When yields are ready for harvesting this company are one of the first to know, affording them the choice of the finest product around.

Additional information

Additional information: Not Disclosed
Support & training: The owner would be happy to help with a smooth transfer of the business in any way possible.
Reasons for selling: The owner has now reached retirement age
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The lease is on a six month rolling contract and is £4,000 per annum.
Location: The business runs from a circa 0.25 acre leasehold site with offices and a circa 3,000 square foot grading shed and storage with a yard outside which can handle all sizes of lorries for deliveries. There is a small garage area for repairs and store of vehicles overnight. The rent for this site is circa £10,000 per annum with a negotiable period available. There is a second small leasehold shed which is used two days per week as a chipping factory. The lease is on a six month rolling contract and is £4,000 per annum.

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