Preston, Victoria 3072
Food Distribution Business - Taking $250,000pw (15262)
For Sale | $7,800,000
This business is an extremely well established 52 year old Melbourne based food distribution business who predominantly specializes in the distribution of all Mediterranean food products. The business holds an extremely rare 883,000kilogram import quota.
The Australian Government is committed to supporting Australian agricultural exports and has negotiated a number of important bilateral and multilateral agreements with trading partners to facilitate the trade.
Some of these agreements include reduced tariff rate arrangements for certain products, administered via quotas such as this. These enable exporters to reduce import taxes on a certain volume of goods into a particular country, which can result in large savings for Australian businesses
The business is located in North of Melbourne in a light residential and commercial setting with easy access to main roads and highways and operates out of a leased commercial unit estate. The CBD is approximately 9km away.
The business already provides a large database collected over a 52 year period and has solid growth prospects which would allow it to grow and expand further throughout Melbourne.
Current roles filled in the business include Operations Manager, Office Administrator and additional sales representatives with the business being run semi under management due the current vendors retirement position.
REASON FOR SALE
Due to personal circumstances, the Owner has decided to sell the business. The business has positive growth prospects which would suit purchasers in search of a solid add on to existing business or newly starting in the industry with a dominating 883,000 kilogram import quota.
ABOUT THE BUSINESS
This business presents a unique investment opportunity for investors with an interest in the food distribution and services market. Operational for over 52 years, the business has an established presence throughout Melbourne 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 Melbourne and has a network of clients and customers in the hospitality sector and supermarket retail premises throughout Melbourne.
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.
• Revenue in FY2018 $12,880,889
• Revenue FY2017 were $13,026,680
• Revenue in FY2016 $12,993,028
Great opportunity as a big improver. Business is purely being sold due to a retiring vendor after 52long established years of business.
POINT OF DIFFERENCE
• Extremely rare opportunity to acquire one of Australia's largest import quotas
• 52 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 & Farzin Hesari for more information, including a detailed Information Memorandum relating to the business.
For more information contact Steven on 0407 999 888 or Farzin on 0401 009 469 today!