AF149-Middlesex/M1/M25-£600,000-Wheat & Gluten Free Food Wholesale

Middlesex/M1/M25, United Kingdom

AF149-Middlesex/M1/M25-£600,000-Wheat & Gluten Free Food Wholesale

Asking Price:$741,500

Cash Flow:N/A

Gross Revenue:$1,112,250

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate:N/A /SF

Established:1994

AF149-Middlesex/M1/M25-£600,000-Wheat & Gluten Free Food Wholesale

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Business Description

Wheat & Gluten Free Food Wholesale Specialist
Ref. AF149
Location : Middlesex/M1/M25
Asking price: OIRO £600,000
This company is a sales and marketing company distributing an exclusive range of dedicated gluten and wheat free foods under a well-known brand (owned exclusively by the company) together with a second branded range of products sold in Pharmacies and Healthcare for protein deficiency diets. Its products are produced, packed and labelled by a third party manufacturer.
The business was established in 1994 and is proud to be selling through blue chip companies both nationally and worldwide.
The owner has been involved in the industry since 1969 with an interest in Coeliac Disease, which at the time affected hundreds of people, unlike the hundreds of thousand it affects today. After years of research and running a small mail order business supplying gluten free food from their home, the owner set up a dedicated gluten free bakery, manufacturing bread, rolls, cakes and cookies; supplying the majority of Europe and closer to home and all the pharmacies and hospitals nationwide.
Introducing a brand of dedicated gluten and wheat free foods to the retail market, this was the first company to present a range of free-from foods to the UK grocery trade in 1999; thus launching what is known today as the Free From sector. Their range of dedicated gluten and wheat free foods has over 60 products all exclusively manufactured by a third party manufacturer and complying with the international standard of containing less than 20ppm of gluten. This standard is in line with the Coeliac Society and Codex committee to the World Health Organization, bringing security to consumers of special diet foods.
They have now added a range of gluten free pasta, cookies, three varieties of Crackers, a range of breads, rolls and baguettes, (which are perfect for hamburgers or as an accompaniment to any meal).

Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
06
Facilities:
The business is located in North Middlesex and is easily accessible. They have a five year renewable lease in operation that expires in 2013 and consists of a total of approximately 7,500 sq ft of warehouse and office space with parking, on a light industrial park close to the M1, M25 and North Circular Road. The present rent and rates are £120,000 per annum and the lease expires in mid-2018. There is a potential opportunity to exit early if a suitable replacement tenant can be found and the rent savings on alternate premises would be significant.
Competition:
The business has used almost no advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover. A high proportion of the business`s revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation
Support & Training:
The current owners will provide all necessary training and handover to ensure a smooth transfer of the business to new owners, with one of the owners prepared to stay on as long as required.
Reason for Selling:
This is a genuine retirement sale.

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Reeta Verma

Business Listed By:
Andrew Hudson

Turner Butler

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