BUSINESS FOR SALE – OPPORTUNITY IN FOOD DISTRIBUTION

Leonard Curtis are seeking parties interested in the sale of the business and assets of a food distribution business based in the North West, selling and distributing fresh, chilled and frozen food as well as dry goods to restaurants, bars, cafés, schools, etc.

Assets include:

• Office furniture and equipment.
• Warehouse and materials handling equipment, including large quantity of pallet racking, three forklift trucks and extensive walk-in cold stores/freezers.
• An unencumbered vehicle fleet of three cars, 10 refrigerated vehicles of assorted sizes plus one van.
• Stock-in-trade.

There is also one encumbered vehicle in which there is no equity.

The company previously employed between 30 and 40 personnel, but this has been reduced by circa 10 personnel as a result of Covid.

Turnover was in excess of £4m but has been reduced by more than 70% as a result of Covid.

Stock changes daily and whilst some is purchased on a proforma basis, the majority is purchased on credit (typically between 28 and 60 days terms).

Some stock is perishable such as cooked meat, fruit, vegetables, etc., whilst ambient goods have a much longer life of circa nine to 12 months, although some old stock is nearing its sell by date.

All interested parties will be required to sign a non-disclosure agreement.

Contact details:
Alnur Miah
Leonard Curtis
Tel: 01772 646180

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