Ad ID: 77577
Fine Food Distribution Business for Sale Queenstown
This is One Fine Business - Fine Food Brokers, Queenstown
Business for Sale Description
Fine Food Distribution Business for Sale QueenstownThis well recognised, top performing wholesaling/retailing business is the number 1 go-to for a variety of fresh and chilled/frozen quality foods. The business has been supplying both the retail and hospitality trade in the Queenstown Lakes District since 2002.
Growth in the area is rapidly increasing with the high number of visitors to this region now exceeding 3 million a year and forecast to rise to 5 million in just the next 6 years. These visitor numbers coupled with the growth of the permanent population is creating an ongoing source of new business for all hospitality outlets including the caf/restaurant scene as well as catering businesses.
With no reliance on a few key buyers, the business shows great cashflow, high turnover and stock turn with consistent profit margins AND has two income streams. First is from the retail cash n carry shop and the other is a wholesale delivery division. Strong income growth of 46% since 2011.
Located close to the CBD for ease of access to their customer base, the leasehold premises has affordable rent and rates at around 3.3% of turnover.
To top it all off there is a stable and very reliable work force in place who are more than capable of running this business in the vendors absence. To the businesses continued success, he has offered a good handover period to the lucky new owner.
Asking Price $1,100,000 plus stock circa $120K plus GST if any.
If you are interested and would like more information about this business, visit www.barkerbusiness.co.nz/BBS2433, register your details and submit the online Confidentiality Agreement. Once Doug receives your expression of interest he will be in touch.
*Source of information - Supplied by the Business Owner.
Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2018.
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