RE: $160m for 70,000 case distillery!18 Apr 2017 23:57
That's an interesting post Haggis. Distil now sell in Tesco, Sainsbury, Morrisons, Waitrose, and (so we all believe) Asda. They also sell to Mitchell & Butler, Wetherspoons, Amazon etc. but I'd like to concentrate on just the high street supermarkets right now.
According to company websites, Tesco have approx 3,500 stores, Sainsbury 1,312, Morrisons 498, Waitrose 350, and Asda 525.
Approx total UK supermarket stores 6,185.
If each store sold 1 bottle of Distil product per day then total number of bottles sold would be 6,185 x 365 days = 2,257,525 bottles a year. That would be 188,127 cases a year.
If 70,000 cases is worth $160 million in a takeover then 188,127 cases could be worth $430 million. And $430 million at the current exchange rate is £344 million.
I'll stop now and let that sink in. Feel free to adjust number of bottles sold per store per day as you see fit.
It makes one think, does it not?