Presentation
Our Market•
The HORECA market in Spain is worth € 55 billion per annum, 70% independent
• The tourism market in Spain is 10% of its GDP and is the third largest tourist destination in the world behind the USA and France.
• 9.2 million tourists landed in Spain during August 2015, making it the best month in history.
• Spain has a population of 47 million, the 13th largest economy in the world.
• Big eating out culture - one in 5 out of home meals in Europe is served in Spain.
• Current unemployment is circa 21%. But Spain has a current GDP growth rate of 3.1% (2015).
• We predominantly deal with the tourism market, but we are focused on stepping up to the national market where there will be considerable room to grow!
Bidvest Spain• Food 4 Thot S.L.U., re launched in 2014 after being acquired by
Bidvest and now trades under the name Bidvest Foodservice España.
• Our Central Office is located near Alicante, with a further 7 sales and distribution centers covering the coastal areas of the mainland, the Balearics and the Canary islands.
• We are a foodservice company with a product range that currently caters for the tourism market. We are known for the quality of our products and a high level of customer service.
• During 2015 we grew 50% and in 2016 we are also growing at 50%.
• The business has been loss making but has a plan to get to break even.
• We work from 7 warehouses:- Approx (3,000 m²) All warehouses have N.R.S. approved health and safety certificates, H.A.C.C.P. and product traceability.
• We have 26 (3.5t) freezer vehicles which are used for product delivery.
• We currently employ 40 members of staff (incl. office staff)
Locations
Circa 22m people live in this coastal area
The Canaries host circa 10m
tourist pa – UK< Germany, NL
Tenerife
AlicanteLanzarote
Benidorm
Why we are different• We have 15 years of experience in the industry• We are know for the quality of our products and a high level of
customer service. • We have a polished business model in the Alicante area which is
currently giving us upto10% profit on revenue, which we intend do roll out across the company.
• Our vision is simple; Capture market using quality products and unbeatable customer service.
• Having the ability to obtain fast and timely information particularly for a growing platform is critical and is already established.
• In the past we were a bigger business so our processes and procedures are already in place to cope with a much higher level of turnover.
• One thing that unites our staff, is our passion for food.
Opportunity• There are strong food logistics operators in Spain.• But there seems to be a lack of a true Foodservice player in Spain. • There is no one company that services across the 3 temperatures.• The Spanish food service market is relatively fragmented and there is an
opportunity for a single platform to be created by a major player. We could be that platform.
• The fragmented Spanish market promotes local distributors who each control a geographical area, are fiercely competitive and are forced to work on low margins and thus provide only a basic service! (this makes them fragile). They often rely on key product exclusivities (such as McCain chips or Coca-Cola) to push their other lines.
• Our intention is to commercialize products directly to market across the 3 temperatures. This route is the most direct one, with fewer middlemen, better QC, create more competitive pricing and offer a service that no one else is offering.
• We want to be the first company in Spain to master the one stop shop concept!