This Frozen Food Importation and Distribution Company was established around four years ago on the outskirts of Bangkok. Besides importing ready to eat meals, the company handles frozen food kitchenware, frozen seafood, frozen beef and raw products such as seaweed salad. Four countries handle the exports: Taiwan, Australia, China and Japan. Nine salespersons are utilised to sell the products in Bangkok, Koh Samui, Phuket, Pattaya and Nong Khai, while another 20 office and delivery staff form the rest of the workforce.

The owner is now moving on to take over a management position in the food and beverage industry, and the proposed sale has arisen as a consequence. Included in the sale are a room for storing chilled items, two freezer rooms, 20 computers, five motorbikes, a car, a programmed accounting system and all stock. Average sales of approximately 147,000,000 baht have been relied upon over the years, with salaries totalling 1,000,000 baht per month forming the major expense after the costs of the products themselves. Monthly rent of 60,000 baht also has to be considered, along with utility bills and transportation costs.

Net profits of roughly nine percent are being achieved, making the business a very attractive proposition, the owner feels, especially as the enterprise if firmly established with reliable links and a very good reputation for quality and service. Total assets included in the sale have been valued at 20,000,000 baht and the stock is estimated to be worth approximately 50,000,000 baht.
(BKK14038)
Asking price: 115,000,000 baht.