Two Businesses and Two Properties for Sale as a Package, Located in the Heart of AdelaideListing: #ME00141
About this Business for sale in AdelaideTwo Businesses and Two Properties for Sale as a Package, Located in the Heart of Adelaide
This business has been well established for over 40 years. Based in Adelaide, this food distribution and wholesale business specialises in the distribution of all Mediterranean food products.
Business and property being sold as an optional package. The business is selling for $1,500,000 and the 4,100sqm (approx.) property is selling for $3,100,000.
Turnover is $16.3 million per annum and EBITDA is $330,000 per annum. The infrastructure is in place for this business to be taken to the next level.
OLIVE MANUFACTURING FARM SUMMARY:
This 40-acre farm comprises an irrigated olive orchard, together with a storage and processing facility, and two dwellings; it is situated within the Adelaide plains and market gardening precinct of Virginia. The enterprise processes 600 - 700 tonnes of table olives annually, for local export markets, and has the capacity to process up to 850 tonnes.
The total footprint of the property is 16.5 hectares, with 14.76 hectares of mature olive trees, averaging an annual production of approximately 130 tonnes.
The orchard is watered via fixed sprinkler irrigation, with water sourced from bores on the property and surplus water diverted from the nearby nursery, that is stored in tanks on the farm. 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.
This business is located in the heart of Adelaide.
Due to vendor’s age, this family business is being operated in pilot mode and would be suited to investors or an owner-operator keen to drive the business to the next level. The infrastructure is already in place.
Current roles include, operations manager, office administrator and sales representatives. The business is run under semi management due to the vendor's retirement position.
REASON FOR SALE:
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 facility 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 space throughout Adelaide. The business has an established customer base which has generated multiple business relationships and created a solid base of recurring work. This has provided a valuable revenue stream.
- Revenue in FY2018 $16,261,292
- Revenue FY2017 $15,503,022
- Revenue in FY2016 $14,579,000
- Revenue in FY2015 $13,710,000
Great opportunity as a big improver.
POINT OF DIFFERENCE:
40-year trading history with increasing revenue
Great reputation with clients, resulting in customer loyalty, strong business relationships and a solid base of recurring work.
Effective operating procedures, internal systems, and delivery focused.
The breadth of staff knowledge of business and operational management procedures has significantly reduced 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!
+61 3 9819 4211
+61 407 999 888
*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.