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European Food Wholesale & Retail Business in Cheshire - Slovak, Czech, Hungarian Products

Undisclosed, Cheshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    09/02/23

  • Advert ID

    508091

  • Reference

    B07176 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Wholesale and Retail of European foods

Business
Please quote reference B07176

The company is a turnkey business, importing and producing traditional Slovak, Czech and Hungarian grocery and household products, before distributing them on both a wholesale and retail basis. The company has a wholesale and e-commerce arm and two flagship stores in the North West. 

Established in 2014, the company and its various subsidiaries specialise in the sale of traditional Slovak, Czech and Hungarian grocery and household products. Catering to both trade and domestic customers, the company is a turnkey business, importing or baking its products, before selling them on both a wholesale and retail basis.

The majority of the company’s total sales volume is constituted by physical retail through the company’s two flagship stores, however online sales have experienced good organic growth over the past 18 months.

The company has a number of significant gains to offer the prospective purchaser, including:

  • An outstanding financial profile, with a turnover of circa £2.1 million and an adjusted EBITDA of £97,460 in 2023;
  • High rates of repeat custom and a loyal customer base;
  • An online database of 800 clients;
  • A formidable reputation in the market, with an average 4.8 Google rating;
  • Bankable USPs, including the company’s own bakery and its own direct importation of products from Slovakia, Czechia and Hungary;
  • A team of 13 employees, including retail assistants, a wholesale manager, and a sales and marketing manager;
  • Large stock holdings, to be passed to new owner upon sale;
  • Established relationships with suppliers and a transportation company;
  • Significant digital presence, with an e-commerce platform and 9000 Facebook followers;
  • Significant scope for growth.
Highlights -

  • Purveyor of traditional Slovak, Czech and Hungarian grocery and household products;
  • Two flagship stores in the North West;
  • Turnover in excess of £2 million and outstanding profits;
  • Loyal customer base;
  • Formidable reputation in the market;
  • Directly imports from Hungary, Slovakia and Czech Republic;
  • In-house bakery;
  • Ample scope for growth.
Opportunities -

  • Potential to expand the wholesale side of the company;
  • Potential to revitalize the company’s marketing strategy;
  • Opportunity to grow the company’s e-commerce sales;
  • Potential to open further retail locations;
  • Opportunity to expand the bakery to meet the high demand from third parties.
The shareholder wishes to spend more time with his family and allow the business to grow under new ownership. He and his wife are open to remaining within the business on a part-time or full-time basis.



Location
Located in the North West of England. 



Premises
Trading from a rented premises. 



Tenure
Leasehold basis. 



Hours
Due to the nature of the business, it operates all year round. 



Staff
Experienced staff in place



Financial Profile
Turnover IRO £2.1m in 2023.

  • 100% share capital
  • Interested parties will be required to sign an NDA


Read more

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Wholesale and Retail of European foods - B07176 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.