By Order of the Directors Pending the Appointment of an Administrator - An Opportunity to Purchase the Assets of an Established Wholesaler and Retailer

Business Opportunity

An opportunity has arisen to purchase the Business Assets, both tangible and intangible, to include any associated Goodwill of an Established Wholesaler and Retailer.

Overview

• Incorporated in 2015.
• Operating from Two Leasehold premises located in the North of England. Separate negotiations with each Landlord will be required.
• Owned Assets to include office furniture and IT equipment, plant and machinery, retail fixtures & fittings, motor vehicles & stock.
• Financed & Third-Party Assets.
• Current stocks, fresh & dry, just over £22,500 at cost.
• Turnover for year-end 31 March 2022 £2,228,436, Operating Loss (£22,849).
• Turnover for year-end 31 March 2023 £2,174,574, Operating Loss (£158,081).
• Turnover for year-end 31 March 2024 £2,141,913, Operating Loss (£10,299).
• IP to include and is limited to company name and trading styles, domain names, telephone numbers (where transferrable), company records and customer list.
• One Director & Sixteen Employees.

Offers

Offers are invited for all such right title and interest the Company has in its Assets. Any sale will exclude Company liabilities other than employees, which will transfer under TUPE. The sale of the business will be contracted by way of an asset sale only through an Administration insolvency process via a sale and purchase agreement.

Timescale

A deadline for offers has been set for 12 noon, Thursday, 15 May 2025. This is an accelerated M&A opportunity; due diligence should be conducted as a matter of priority.

Further Information

Further information will be provided on receipt of a signed Non-Disclosure Agreement.

Contact details

To register your interest and receive the Non-Disclosure Agreement Please Email – chris.eckersley@johnpye.com