For Sale Price: $3,000,000

Profile

Description:

Import, manufacture and wholesale distribution of quality food products in Fiji

Turnover $8,000,000 – continues to grow

Price $3,000,000 + stock – 3.3 x EBITDA

Stock $600,000 approximately

Profit $800,000+ for the 2023 financial year

Import, Manufacture & Wholesale of high-quality food products. Supplier to all hotels and resorts and Super Yachts

This is a unique opportunity to purchase a business that has been established for over 12 years.

Distributing and manufacturing quality food products to almost all hotels in Fiji.

Australian and New Zealand made products and some international lines
Business continues to grow
Large range offering approximately 150 SKU’s
Over 60 international hotel clients 85% of Superyachts
Streamlined manufacturing processes
Established 12 years ago
Opportunity to increase the range & sales come along often from links with Austrade NZ high commission and Consultants refer new suppliers

Clients include most of the best hotel chains in the world and 85% of the Superyachts

This is a vibrant and compact business with low fixed costs and a pleasant work environment and significant upside.

Premium, delicious and high-quality food products for Fiji
32 employees
5 delivery vehicles
Excellent potential to keep growing
Currently, there are approximately 150 products available with many more opportunities, which will be disclosed by the vendors at a later stage
The vendors are selling due to retirement
Solid customer base of over 60 regular clients (Major Hotels and resorts)
The current customer base is always expanding its range of products new hotels being built and airlines increasing flights

The vendors will offer the right buyer a good handover and training period.

For more information contact Rad Benicky on 0411 610 005 or email [email protected]

Financials

For Sale Price: $3,000,000

Long financials: 3 Years

Turnover: $8,000,000

Net Profit: $800,000+

Period: Annually

Rent: $123,000 p/a

Staff: 32 staff

Stock: $600,000

Broker

Broker:

Rad Benicky 0411 610 005

To express interest in this business, please complete this Register Interest form and we will contact you.

Confidentiality Agreement

For a detailed business profile complete this Confidentiality Agreement:

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Provider of Confidential Information:

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Pear Business Brokers Pty Ltd ABN 28 084 390 125 t/as Core Business Brokers
in its capacity as agent of its named or unnamed principal
Level 13, 465 Victoria Avenue, Chatswood NSW 2067
Phone (02) 9413 2977 Fax (02) 9413 3818 Email: [email protected]

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Recipient will use the Confidential Information only for the purpose of analysing such information so as to make an informed decision as to a proposed purchase of part of the assets of a business, the whole business or the sale of shares in the business/es referred to above or any new businesses introduced to you in future.

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General Terms

1. When must we disclose the information to you?
1.1 We must make that part of the confidential information available to you that we consider in our sole discretion to be necessary for you to carry out the project.
1.2 The confidential information always remains our property. This agreement does not give you any right, title or interest in it. We make no warranty as to the accuracy, content, legality or completeness of the confidential information.

2. How must you treat it?
2.1 You must use the confidential information only for the permitted purpose. You must not use or exploit it for your own benefit or for any other purpose, or allow any other person to do so without our written consent.
2.2 You must not disclose it, and must ensure that your employees, contractors and agents do not disclose it to any other person except as required to carry out the project and then only on a confidential basis. You will, on our request, arrange for such persons to execute confidentiality undertakings in our favour that they are bound by this agreement as if a party to it.
2.3 You must take reasonable steps to protect the confidential information and keep it secure from unauthorised persons.
2.4 You must inform us immediately if:
(a) You become aware or suspect that there has been a breach of these obligations; or
(b) You are required to disclose the information by law.
2.5 At the end of the project or if we ask for it earlier, you must return the confidential information, and all copies, notes and memorandums relating to it, to us as we direct.
2.6 You do not have to treat as confidential information
(a) Which is or comes into the public domain, except information that is or becomes so because it has been disclosed without authority; or
(b) Which is lawfully known to you before the date of this agreement; or
(c) Which is or becomes available to you from another person who is in possession of it lawfully and can disclose it to you on a non-confidential basis; or
(d) Which you are required by law to disclose but you must seek to limit that disclosure in any way we reasonably request.

3. Indemnity
3. You indemnify us against all loss, damage, expense and costs arising because you do not observe the conditions of this agreement for any reason.

4. Duration
4. Your obligations under this agreement continue after the project ends.

5. General
5.1 We do not enter into this agreement in our personal capacity but only in our capacity as agent of our named or unnamed principal.
5.2 This agreement contains the entire agreement between you and us and takes the place of all other statements about the confidential information.
5.3 This agreement may be varied only if you and we agree in writing.
5.4I f we do not exercise a right at any time in connection with a default under this agreement, this does not mean that we have waived the right or cannot exercise it later.
5.5 This agreement is governed by the laws of New South Wales. You and we submit to the non-exclusive jurisdiction of its courts and courts of appeal from them.
5.6 By signing this agreement you permit us to add your details to our database and authorise us to communicate with you from time to time regarding new business opportunities.

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Broker:

Rad Benicky 0411 610 005

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Import, manufacture and wholesale distribution of quality food products in Fiji