Insolvency Auction

Business for Sale

Long Established Family Run Frozen Food & Chicken Products Wholesaler

For Sale as a Going Concern

John Pye Red Line Spacing

Summary of the business

  • Offering a range of premium label branded frozen food products including meats & seafood
  • Located in the South of England
  • Operating from prominent substantial leasehold premises incorporating warehouse & coldstore with mezzanine & offices totalling 20,248 sq ft
  • Currently held on lease with seven years unexpired on a concessionary rent until March 2021
  • The premises benefit from an additional adjacent self contained modern warehouse building totalling 3,307 sq ft (included in the above total demise of 20,248sq ft) with offices & 16 parking spaces currently with vacant possession
  • Extensive car parking & yard with loading dock with front & rear vehicular access
  • Option available to acquire freehold interest of site, subject to contract
  • Currently 20 full/part time staff available including management
  • Management seeking to sell the business & retain a role with any potential purchasers
  • Turnover for last financial year £6.5m

Assets Available

  • Brand name, goodwill, customer & supplier lists
  • The Stock of premium label frozen food products & take away containers (estimated cost value c£250k (fluctuating)
  • Warehouse fixtures, fittings, pallet racking & warehouse handling equipment
  • Rental fleet of 7.5 ton freezer vehicles & forklifts subject to hire

Sale Method

To protect the company’s goodwill, it is proposed that any sale will need to be agreed and moved to completion as a matter of urgency, and as such, this opportunity is only likely to be available for a short period of time.

Following receipt of an expression of interest and a signed Non-Disclosure Agreement, an information pack will be provided. Offers for the purchase of the business and/or its assets as a going concern, by way of sealed bids, need to be submitted by the deadline below, together with evidence of funding/funding in principle.

Expressions of interest to graeme.king@johnpye.co.uk
Offer deadline: 12 noon on Friday 9th October 2020

Contact details

For further information and to request a non-disclosure agreement please email graeme.king@johnpye.co.uk

John Pye Red Line Spacing

Disclaimer

This information which does not proport to be comprehensive, has been provided by our client and has not been independently verified. No representation or warranty, express or implied, is or will be given by our client, its directors, employees or advisers or any other person as to the accuracy or completeness of this information and so far as permitted by law.