About Life Food service Pty Ltd
The Administrator seeks EOI for the Company's assets - the Company operated a food preparation, packaging and wholesale supply business under the About Life brand.
Overview
Andre Lakomy was appointed Administrator of About Life Foodservice Pty Ltd (Company) on 1 July 2020. The Administrator is seeking urgent expressions of interest for the purchase of the Company's assets. The Company ceased trading from its factory premises in Wetherill Park prior to the appointment of the Administrator and the landlord has agreed to negotiate a new lease for the prospective purchaser of the assets.
Expressions are required to be submitted to the Administrator by close of business Tuesday, 4 August 2020.
Operational Summary
The Company previously operated a health food wholesale supply and catering business under the 'About Life' brand. An opportunity exists for a purchaser to take advantage of an extensive fit-out and make use of the Company's commercial kitchen equipment, food preparation and storage/warehousing facilities. The landlord of the Company's premises has also agreed to negotiate a new lease for the prospective purchaser.
Key features of the sale include:
Fit-out at leased premises (7,755m2) including several cool / freezer rooms, IT & office equipment, warehouse pallet racking.
Commercial kitchen appliances for food preparation, cooking and packaging including ovens, washing equipment, packaging machines.
Ancilliary equipment including commercial cookware, materials handling, food storage, cooler room racking etc.
For further information regarding the business which the Company operated, please visit:
https://www.xyz.com.au/
Financial & Strategic Overview
Revenue:
2020FY (projected): $30m
2019FY: $27m
EBITDA:
2020FY (projected): $5-5.5m
2019FY: $5m
2018FY: $5m
Asking price (including two freehold commercial properties): $14m + stock at value (approx. $3m)
COVID-19 will have minimal impact on the business & may result in increased demand as clients are holding higher stock levels with some requiring additional storage (supplied by this business).
Sales have grown consistently and the sales outlook is positive as Australian businesses renew emphasis on domestically manufactured products. Infrastructure & capital intensive projects are being brought forward as a result of Federal and State fiscal policy - another factor likely to grow demand.
Files
List of uploaded files:
Business requirment document.docx
Proposal document.docx
Profile presentation.pptx
List of opportunities.xls
