Business for sale

Business description

Distributor of Frozen & Chilled Foods, Frozen & Chilled Vegetarian Foods & Premium Ice Cream
Ref.AF072
Location London
Asking Price £ 1,450,000
This leading distributor of frozen and chilled foods, frozen & chilled vegetarian foods and premium ice cream was established by the current owner in 1979. Since that time it has grown to become a significant enterprise with a turnover circa £4.5m per annum with high gross and net profits. Circa twenty two staff are employed with a strong second level management team.

The company operates from first class frozen and chilled storage facilities with additional office space. There is ample room for the overnight storage of delivery vehicles as well as parking for cars during the day. The premises are close to major transport links.

The company focusses on serving mainly small independent food stores and enjoys a customer list of circa 1,400 businesses. In addition, the company serves the major supermarket chains with some specialist products: this represents only circa 4% of total sales, with therefore no risk to the business. The largest client generates circa 9% of total sales.

The bulk of the company’s business is frozen food, with circa 95% of total sales. A superb 600 pallet deep freeze facility serves as the main storage area.

Products from the most well known brands are sold including:

• Häagen Dazs®
• Wall’s
• Birds Eye
• McCain
• Heinz
• Mars
• Linda McCartney®

In addition specialist products are imported from France and USA.

Equipment

The company utilises a fleet of six 7.5 ton and one 35 cwt freezer vans for regular deliveries. In addition a number of cars are owned.

The main deep freeze facility is capable of storing 600 pallet loads and a secondary freezer is also utilised. A chiller is used for the storage of chilled food. Two fork lift trucks are owned.

A full range of office equipment is utilised including a real time computer system, especially tailored for use by the company.