Total of 18657 firms and businesses for sale today Friday 29th March 2024
Time to Sell or Time to Buy !

Sold. Own Brand Oriental Frozen Food Company Importation & Wholesale Supply

LISTING DETAILS
Firms For Sale ID:
33357
Vendor reference:
EJ070
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£1,000,000  
Turnover / revenue:
£2,150,000
Net profit / cashflow:
£191,000
Trading hours:
Monday-Friday: 0900-1700
Employees / staffing:
This is a family business. The director and his wife both work full time in the business . The business model they have developed means there are no other active members of staff required.

OTHER DETAILS
Reason for selling:
Vendor wishes to now develop his other non-conflicting business interests.
Support and training:
The vendor is happy to provide a comprehensive handover programme to ensure a seamless transition of ownership and continuity of trading. He may also consider staying on for a further period of time should a new owner so require, subject to negotiation.
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Own Brand Oriental Frozen Food Company
Importation & Wholesale Supply
Ref.EJ070
Location Midlands
Asking Price GBP 1,000,000
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 companys 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.