City Centre Specialist Wine Retailer/Wholesaler (“The Company”)

Description

Business

The businesses and assets of a city based specialist wine retailer/wholesaler operating from multiple locations.

The Company offers both retail and wholesale wine supply to a broad range of corporate customers and individuals.  The Company occupies both A1 and A3/A1 retail premises across three locations within the city centre.

The purchase will be executed at the earliest opportunity.  All interested parties will be requested to sign a non-disclosure agreement and specifically deal with Middleton Barton Valuation as appointed agent on behalf of the vendor.

Business Overview:

• Specialist Wine Retail and Wholesale Supply;
• Established Customer Base & Mailing List;
• Extensively Refurbished Leasehold Premises;
• Turnover (YE 31/12/2017) £1,580,097;
• Small Online Presence;
• Encumbered & Unencumbered Fixtures and Fittings; and
• Wet & Dry Stock Held.

High Level Financial Information

Year Ending 31/12/2015:

• Turnover: £1,086,152;
• Gross Profit: £409,446;
• Net Profit/(Loss): (£272,449)

Year Ending 31/12/2016:

• Turnover: £1,775,031;
• Gross Profit: £842,567;
• Net Profit/(Loss): (£364,600).

Year Ending 31/12/2017:

• Turnover: £1,580,097;
• Gross Profit: £784,286;
• Net Profit/(Loss): (£463,275).

Assets Available for Sale:

• Unencumbered & Encumbered Fixtures & Fittings;
• Office Equipment & Motor Vehicle;
• Wet & Dry Stock;
• Goodwill & Intellectual Property;
• Customer Data;
• Website; and
• Refurbished Leasehold Premises (subject to Assignment);

Location:

London, UK.

Deadline for Offers:

Offers no later than 12 noon on Thursday 8th November 2018, all offers to be supported by proof of funds.