Selling a distillery and client base fast

Selling a distillery and client base fast

Author
Discussion

JABB

Original Poster:

3,589 posts

243 months

Tuesday 21st March 2023
quotequote all
If you had a gin and vodka distillery with huge potential and a customer list of retail and trade, how might you go about selling it reasonably quickly?

foliedouce

3,088 posts

238 months

Tuesday 21st March 2023
quotequote all
What size is it?

T/O
Profit
Staff
Equipment

JABB

Original Poster:

3,589 posts

243 months

Tuesday 21st March 2023
quotequote all
foliedouce said:
What size is it?

T/O
Profit
Staff
Equipment
It is small-ish scale. Owner & wife. One salesman and one do all member of staff.
All the equipment needed based on the rotary vacuum cold distillation process.
Owners looking to take up other interests more full time and the lease is up on the buildings.
Not sure on T/O but if someone was seriously interested, I can pass on details.


StevieBee

13,592 posts

262 months

Tuesday 21st March 2023
quotequote all
By what measure are you determining 'quickly'?

If it were me, I'd be speaking to my closest competitors with a discounted offer for rapid completion with acceptance that the quicker the sale, the less below market value I'd be likely to get. Even then you're looking at, what, four to six months for all due-diligence and legals to be done?

Paddymcc

1,011 posts

198 months

Tuesday 21st March 2023
quotequote all
Could you email me the info via my profile?

Scarletpimpofnel

922 posts

25 months

Monday 27th March 2023
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Sell to the staff? If they can't afford it 100%, sell them a stake?

Panamax

5,102 posts

41 months

Monday 27th March 2023
quotequote all
Most "distilleries" buy in the white alcohol and add a few flavours. If not, that's where the problems begin.

Enormous potential? Hmmmm.

What does this business bring to the gin market that 20,000 others don't?

RayDonovan

4,968 posts

222 months

Wednesday 29th March 2023
quotequote all
Panamax said:
Most "distilleries" buy in the white alcohol and add a few flavours. If not, that's where the problems begin.

Enormous potential? Hmmmm.

What does this business bring to the gin market that 20,000 others don't?
Couple of Gin places near me have recently gone under. Rode the boom for a couple of years and then went boom themselves..

zbc

899 posts

158 months

Wednesday 29th March 2023
quotequote all
StevieBee said:
By what measure are you determining 'quickly'?

If it were me, I'd be speaking to my closest competitors with a discounted offer for rapid completion with acceptance that the quicker the sale, the less below market value I'd be likely to get. Even then you're looking at, what, four to six months for all due-diligence and legals to be done?
Given it's small size might also be worth talking to your biggest customers. Someone might be happy to pick it up and simplify their supply chain.