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*** SOLD ***
Food Service Distribution Company Largely Managed
Listing: #EL00272
Nick Giles
Broker | Auckland - Ellerslie
This listing is no longer taking enquiries as it is SOLD
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About this Business for sale in Auckland City
Food Service Distribution Company Largely ManagedGulf Island Foods is the number 1 food service supplier on Waiheke Island.
For over 10 years it has dominated the market and supplies many of the key Hospitality businesses on the Island.
The owner has not lived on Waiheke for 5 years and the business runs with an extremely capable staff.
- Annual sales forecast in excess of $3.8m (ex GST)
- Easy transition to new owner
- Strong reputation
- Customers identify with company not owner
- Exceptional profits in line with impressive sales
- No need for relocation to Waiheke
Asking $1.25M plus stock (of approximately $160,000)
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This listing is no longer taking enquiries as it is SOLD
*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.