Adelaide, South Australia 5000

Rare opportunity to acquire Food Manufacturing & Distributor - $1.5M (15086)

For Sale | $1,500,000

Distributors Manufacturers Wholesalers

Food Distribution Business - Taking $310,000pw (15086)
SUMMARY
Business and property being sold as an optional package, with the business selling for $1,500,000 and the 4,100sqm (approx.) property selling for $3,100,000.
This business has been well established for over 40 years, based in Adelaide this food distribution and wholesale business predominantly specializes in the distribution of all Mediterranean food products. This business has $16.3 million turnover per annum and an EBITDA of $330,000 per annum.
The infrastructure is in place for this business to be taken to the next level.

LOCATION DETAILS
This business is located in the heart of Adelaide.

POTENTIAL
Due to the age of the current vendor, the family business is purely being operated in pilot mode and would be suited to investors or an owner-operator to drive the business to the next level with the infrastructure already in place.
EMPLOYEES
Current roles filled in the business include Operations Manager, Office Administrator and additional sales representatives with the business being run semi under management due to the current vendor's retirement position.

REASON FOR SALE
Retirement
BUSINESS OPPORTUNITY
This business presents a unique investment opportunity for investors with an interest in the food distribution and services market. Operational for over 40 years, the business has an established presence throughout Adelaide and has experienced very strong financial performance and a stable growth within its market.
Individual investors, existing distributors and/or food service provider businesses and food facilities businesses are highly encouraged to consider this opportunity.

CUSTOMERS & MARKETS
The business services the wholesale food markets of Adelaide and has a network of clients and customers in the hospitality sector and supermarket retail premises throughout Adelaide.
The business has an established customer base which has generated multiple business relationships and created a solid base load of recurring work. This has provided a valuable revenue stream.

FINANCIAL PERFORMANCE
• Revenue in FY2018 $16,261,292
• Revenue FY2017 were $15,503,022
• Revenue in FY2016 $14,579,000
• Revenue in FY2015 $13,710,000
Great opportunity as a big improver. Business is purely being sold due to a retiring vendor.

POINT OF DIFFERENCE
• Over 40 years of trading history with increasing revenue
• Reputation with clients resulting in customer loyalty, strong business relationships and a solid base load of recurring work.
• Effective operating procedures, internal systems, and delivery focused. The breadth of staff knowledge of business and operational management procedures have reduced significant reliance on senior management which will assist in a smooth business transfer.

EXPRESSIONS OF INTEREST
We are seeking Expressions of Interest for the business as a going concern, including goodwill, related assets, stock, and operational plant and equipment. Interested parties should contact Steven Mostafa for more information, including a detailed Information Memorandum relating to the business.

For more information contact Steven on 0407 999 888 today!

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Steven Mostafa



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Steven Mostafa

LINK, formerly Klemms

Overview

This Distributors Business is one of 30 businesses for sale in SA City, South Australia, and one of 15 Distributors Businesses in this region that a business for sale currently has on offer. This Distributors Business is for sale in SA City for the asking price of $1,500,000 and has been on market for less than 3 months.