Thomastown, Victoria 3074

Meat Wholesale & Distribution Opportunity $2.2M (16308)

For Sale | $2,200,000

Distributors Food/Beverage Wholesalers

This is an extremely rare opportunity to acquire a business that specialises in the processing and wholesale of lamb, poultry, beef, and pork products. This business has been established for over 20 years and has an extremely credible name within the meat industry all over Melbourne.

The business supplies a unique range of customers ranging from nursing homes and health care facilities, large corporate hotel groups, large hospitality groups, and the airline market which is currently only at domestic capacity only. The airline sector is only on the rise once borders open.

All businesses have been affected by COVID, let's not play games. The reality is this business opportunity has had a significant drop in its revenue, however, has managed to maintain an extremely profitable business throughout such an uncertain time. One thing is certain and that is that our Food Service industry is a proven essential provider to our growing economy.

Financial Summary:

FY2018 REVENUE = $18,227,079
FY2018 EBITDA = $957,217
PLUS OWNERS WAGES OF $600,000 per annum

FY2019 REVENUE = $16,058,737
FY2019 EBITDA = $515,778
PLUS OWNERS WAGES OF $400,000 per annum

FY2020 REVENUE = $14,094,345
FY2020 EBITDA = $208,732
PLUS OWNERS WAGES OF $400,000 per annum

YTD FY2021 MARCH 31st REVENUE = $7,633,557
YTD FY2021 MARCH 31st EBITDA = $450,185
PLUS OWNERS WAGES OF $400,000 PER ANNUM
(please note FY21 figures do not include any government stimulus or job keeper amounts, these are actual business figures)

For more information please contact Steven Mostafa from LINK on the below:
Phone: 0407 999 888
Email: steven.mostafa@linkbusiness.com.au

OR

For more information please contact Nadia Polzella from LINK on the below:
Phone: 0451 858 897
Email: nadia.polzella@linkbusiness.com.au

Alternatively, please click the Enquiry Now button and follow the prompts in order to sign a confidentiality agreement.

Business Snapshot

Price: $2,200,000 Lease Options: Negotiable (Vendor is the Landlord)

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Marketing By


Nadia Polzella

LINK, formerly Klemms

Overview

This Distributors Business is one of 67 businesses for sale in Ringwood, Victoria, and one of 13 Distributors Businesses in this region that a business for sale currently has on offer. This Distributors Business is for sale in Ringwood for the asking price of $2,200,000 and has been marketed for a while and is definitely worth another look as it is sure to be snapped up soon..