Highly Profitable Specialist Italian Food & Drinks Retailer &Wholesale Business.
Location : Bedfordshire
Asking price: £450,000 (ONO) Plus SAV
The business is a supplier of Italian wholesale food and drink produce primarily to independent restaurants and retail outlets. The goods are also available for retail to the general public. The split between wholesale and retail is approximately 50/50.
Customers are located along the M1 corridor between Northampton and North London with the majority of customers paying cash on delivery.
This is a very well located business with a large stock area, a bakery, and a coffee retail and trade counter. The bakery was added quite recently and is managed by a specialist baker from a specific area of Italy, well known for its bread and pastries.
The premises also contain a separate apartment and an office suite.
Goods are sourced from specific regional areas of Italy that are highly regarded for the quality of the local food and provides an “authentic” Italian food & drink experience for the customers.
Maintaining these high value business relationships with the Italian regional suppliers has enabled this business to establish a truly enviable reputation among the restauranteurs and retailers that form its community of customers, being one of consummate quality.
Particularly prized are the stories that accompany the sourcing of particular products, which is then passed on to the consumer by the retailer.
The business benefits from investment by the current owner and is a testament to the positive financial outlook for the company. Growth is limited only by the owner’s decision to supply to certain geographic areas.
The business has a long standing history and reputation, which is a great asset to the company. All operations are streamlined with low overheads. The customer base is diversified enough to give stability to future earnings. Revenues are spread across this loyal customer base and provides confidence for future earnings and growth.
Asking Price $575,464
Profit Available On Request
Converted From GBP
Exchange Rate $1.28
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