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Project Juliette

Opportunity to acquire an independent retailer of Champagne, fine wines and premium spirits.

Acquisition opportunity

BK Plus brings to market the opportunity to acquire an independent retailer of Champagne, fine wines and premium spirits. The company is a leading ecommerce and wholesale premium drinks retailer specialising in Champagne with specialist supplier relationship and corporate partners.

The Company operates an ecommerce platform with bespoke features including interaction with specialist digital partners and up to date compliances. It has 5 skilled members of staff, trades from leasehold premises in the West Midlands and carries a high value of stock.

The Company operates under a trademarked (UK and EU), recognisable brand, with merchandise to support brand recognitions.

Reasons for sale

Financial challenges arose due to several trade account customers failing to re-establish following the Covid pandemic. Increased costs of borrowing affected profitability and the primary lender reduced a facility provided to the Company.

In the first quarter of 2023, a number of trade account customers ceased trading after the Christmas peak period, resulting in bad debts and significant losses to the Company. The cost-of-living crisis also impacted turnover as consumer spending patterns changed. These issues resulted in the Company experiencing cash flow challenges throughout 2023.

At the beginning of 2024, the primary lender further restricted key lending facilities which locked up the profits from the final quarter of 2023 (in particular the positive festive period).

Financial InformationDraft Statutory Accounts y/e 30 September 2023 £Statutory Accounts y/e 30 September 2022 £Statutory Accounts y/e 30 September 2021 £
Turnover3,749,2015,801,2327,427,604
Gross Profit(36,458)930,1841,065,570
Gross profit %(0.97%)16.03%14.35%
Operating Profit/(loss)(1,159,837)70,182269,071

The Process

Please note that this is an accelerated opportunity which could result in a sale of the company, or its business and trade assets via an insolvency process. The opportunity could also be removed at any stage. Please register your interest as soon as possible. All interested parties will be required to sign a non-disclosure agreement (“NDA”) before being given access to additional information. Offers must be submitted in writing and accompanied by proof of funding, on or before midday on 8 March 2024.

All contact on this opportunity should be with:

Richard Tonks – 01922 922050 richard.tonks@bkplus.co.uk

Kim Richards – 01922 922050 kim.richards@bkplus.co.uk

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