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Wholesale and retail of european foods

Reference
S11374
Turnover
£2m to £5m
Sector(s)
Food & drink, Retail & wholesale
Region(s)
North West England, UK Wide
Added
12 February 2024

Business description

Established in 2014, the company and its various subsidiaries specialise in the sale of traditional Slovak, Czech and Hungarian grocery and household products. Catering to both trade and domestic customers, the company is a turnkey business, importing or baking its products, before selling them on both a wholesale and retail basis. 

Offered for sale is four separate limited companies. The company boasts two retail stores, based in the North West, as well as an e-commerce platform and a wholesale side that imports goods directly from Hungary, Slovakia and Czech Republic. Meanwhile, another part of the business produces baked good and cakes to be sold in the shops.

The majority of the company’s total sales volume is constituted by physical retail through the company’s two flagship stores, however online sales have experienced good organic growth over the past 18 months. 

  • An outstanding financial profile, with a turnover of circa £2.1 million and an adjusted EBITDA of £97,460 in 2023;
  • High rates of repeat custom and a loyal customer base; An online database of 800 clients;
  • A formidable reputation in the market, with an average 4.8 Google rating;

Bankable USPs, including the company’s own bakery and its own direct importation of products from Slovakia, Czechia and Hungary;

  • A team of 13 employees, including retail assistants, a wholesale manager, and a sales and marketing manager; 
  • Large stock holdings, to be passed to new owner upon sale;
  • Established relationships with suppliers and a transportation company;
  • Significant digital presence, with an e-commerce platform and 9000
  • Facebook followers; 
  • Significant scope for growth.

Highlights

  • Purveyor of traditional Slovak, Czech and Hungarian grocery and household products; 
  • Two flagship stores in the North West; 
  • Turnover in excess of £2 million and outstanding profits;  
  • Loyal customer base;  
  • Formidable reputation in the market;  
  • Directly imports from Hungary, Slovakia and Czech Republic;  
  • In-house bakery;  
  • Ample scope for growth.

Opportunities

  • Potential to expand the wholesale side of the company;
  • Potential to revitalize the company’s marketing strategy;  
  • Opportunity to grow the company’s e-commerce sales;  
  • Potential to open further retail locations; 
  • Opportunity to expand the bakery to meet the high demand from third parties. 

Prospective purchasers

  • 100% share capital
  • Interested parties will be required to sign an NDA

Reason for sale

The shareholder wishes to spend more time with his family and allow the business to grow under new ownership. He and his wife are open to remaining within the business on a part-time or full-time basis. 

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