Wholesale Distributor of Fresh and Frozen Seafood Primarily Across London

Overview

The company supplies top catering establishments with high-quality fresh and frozen seafood.

Dedicated to providing excellent customer service, the business portions seafood to the customer’s requirement and provides temperature-controlled delivery six days a week.

Our client is now offering the company for sale to step away from the business processes and focus on family.

Offers invited.

Key Highlights

– Provides an array of fresh and frozen fish, which includes salmon, seabass, tuna, squid, and all sustainable fish.

– Predominantly works with customers in the restaurant and catering industries.

– Benefits from circa 150 active customers, all of which provide the business with an ongoing stream of reliable revenue.

– Utilises a dedicated team all of whom are reliable, well trained and work within stringent hygiene standards.

– Operates from leasehold office and storage premises with extremely low overheads.

– Scope for growth by diversifying beyond the sectors in which it currently operates, with the potential to develop relationships with businesses in the FMCG trade, creating opportunities for further streams of revenue.

– A strong supplier base built up over 44 years of trading.

Financial Highlights

– Management turnover of £3m in YE24.

– Turnover of circa £3.2m in YE23, with an adjusted EBITDA in excess of £564k.

– Gross profit margin of 27%.

– Recently gained numerous new customers, which are generating additional gross sales of circa £440k per annum and rising.

– All of these customers have now been utilising the services for nine months, generating a steady stream of extra revenue for the business.