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About this business for sale in Melbourne

FOOD MANUFACTURING / WHOLESALE & DISTRIBUTION COMPANY “ADELAIDE”

OLIVE MANUFACTURING FARM SUMMARY
This 40 acre comprises an irrigated olive orchard together with a storage and processing facility, and two dwellings situated within Adelaide plains market gardening precinct of Virginia. The enterprise processes in the order of 600 – 700 tonnes of table olives annually for local export markets and has the capacity to process up to 850 tonnes.
The total land footprint of the property is 16.5 hectares with 14.76 hectares of mature olive trees averaging annual production of approximately 130 tonnes. The orchard is watered via fixed sprinkler irrigation with water sourced from bores in the property together with surplus water diverted from the nearby nursery stored in tanks on site as and additional resources. The processing factory is located at the northern end of the property and contains specialised sorting, pitting, and packaging equipment as well as extensive tank storage for pickling table olives.

LOCATION DETAILS
This business is located in the heart of Adelaide.

POTENTIAL
Due to the age of the current vendor, the family business is purely being operated in pilot mode and would be suited to investors or an owner-operator to drive the business to the next level with the infrastructure already in place.
EMPLOYEES
Current roles filled in the business include Operations Manager, Office Administrator and additional sales representatives with the business being run semi under management due to the current vendor’s retirement position.

REASON FOR SALE
Retirement
BUSINESS OPPORTUNITY
This business presents a unique investment opportunity for investors with an interest in the food distribution and services market. Operational for over 40 years, the business has an established presence throughout Adelaide and has experienced very strong financial performance and a stable growth within its market.
Individual investors, existing distributors and/or food service provider businesses and food facilities businesses are highly encouraged to consider this opportunity.

CUSTOMERS & MARKETS
The business services the wholesale food markets of Adelaide and has a network of clients and customers in the hospitality sector and supermarket retail premises throughout Adelaide.
The business has an established customer base which has generated multiple business relationships and created a solid base load of recurring work. This has provided a valuable revenue stream

POINT OF DIFFERENCE
* Over 40 years of trading history with increasing revenue
* Reputation with clients resulting in customer loyalty, strong business relationships and a solid base load of recurring work.
* Effective operating procedures, internal systems, and delivery focused. The breadth of staff knowledge of business and operational management procedures have reduced significant reliance on senior management which will assist in a smooth business transfer.

EXPRESSIONS OF INTEREST
We are seeking Expressions of Interest for the business as a going concern, including goodwill, related assets, stock, and operational plant and equipment. Interested parties should contact Steven Mostafa for more information, including a detailed Information Memorandum relating to the business.

For more information contact Steven on 0407 999 888 today!

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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

Listing: #ME00261
Price: $3,900,000
Profit*: Refer to broker
Sales Revenue: Refer to broker
Melbourne Region, Melbourne
Food/Hospitality, Retailer
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

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