|Fruit Import/Export and Distribution Company Pathum Thani
Listing No. 066-37-02-004
The main location, a cold storage and office facility is offered as freehold property, while there are 3 other locations which have been leased long-term on 12 monthly rolling leases. There are 3 companies in all, the parent company and two subsidiary companies, one operating at the Thalat Thai International Fruit Market (the largest fruit market in SE Asia) and another nearby at Iyara Market. Both of these shops have their own cold storage and operate 24/7. The third leased premises is a cold storage facility nearby the markets which has a cold storage capacity of around 580m3 and an under-cover loading bay.
At any one time, the company cold stores around THB 10,000,000 in stock at value. This stock is not included in the asking price, but may be valued at time of settlement and transferred to a new owner at cost price. The Managing Director and company founder has been involved in this industry for 30 years and is now looking to retire. Of course full transition will be undertaken as required and the owner will assure a buyer of non-competition. Financials will be made available after submission of a non-disclosure agreement and will include declared and effective revenue and expenses.
The assets, in broad terms, include the 3 companies, the main facility with 315m3 cold store, loading bay and packaging and equipment, air-conditioned and furnished office spaces, staff accommodation and computer resources, along with the 2 leased shops and the second leased cold storage facility. Vehicles include 2 refrigerated delivery trucks, 2 standard delivery trucks, a six-wheel truck and various plant and equipment, including forklifts and storage racking.