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Foodservice fish wholesaler

Reference
S11419
Turnover
£10m to £25m
Sector(s)
Agriculture, forestry & fishing, Business services, Food & drink, Hotels & restaurants, Miscellaneous, Retail & wholesale
Region(s)
UK Wide
Added
04 March 2024

Business description

This foodservice fish wholesaler would make an ideal acquisition for a larger trade buyer looking to expand their UK footprint. Supplying a mixture of wild, farmed, fresh and frozen fish, the business has established a robust track record, building trust with over 400 customers, for consistently delivering a high-quality product and service. Over the past five years, including COVID/Lockdown (‘19-‘23), its revenues and profitability have consistently grown, and it forecasts continued expansion in 2024 and beyond, requiring little further capital investment.

The business operates from a 12,000ft2 premises, which has recently undergone a significant refit and investment in green tech. A 100+ pallet cold store was added in 2022. There is expansion potential (the site has a capacity of £25m-£30m) and the opportunity for a new lease or to acquire the freehold by separate negotiation. A skilled team of 55+, led by an experienced and investable management team, ensures a seamless operation and continuity going forward.

Further details and the full information memorandum can be made available to interested parties.

Why selling:

A sale is instructed to allow the Shareholder to concentrate on non-competing interests following any initial handover. There is a talented and long-serving management team who can run the business on a day-to-day basis to help transition to new ownership and help take the business to the next level. The Vendor believes a new owner/larger group would serve the next stage of the business's growth.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2022 (Actual) 11,125 516
2023 (Actual) 10,700 928
2024 (Forecast) 12,000 1,300

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