Wholesale Ustaca, located in Nieuwegein, is a leading supplier of high-quality food products, including those of Turkish, Arabic, or Asian origin. Currently offering over 4000 items, primarily dried and canned food and beverages, they mainly supply these products to restaurants and supermarkets. Over the years, Ustaca has built a stable market presence, and its business space has evolved into a true 'food court,' a place where hospitality entrepreneurs come and go to purchase food products. The company has experienced significant growth, and the management aims to continue this upward trajectory (www.turafoodshop.nl).
In the current growth phase, Ustaca has received increasing requests to supply frozen food. Through the purchase of the adjacent business property, the entrepreneurs saw an opportunity to further broaden their product range to serve retail and hospitality customers. This expansion has enabled Ustaca to increase its cold and freezer storage capacity and also provides opportunities for operating a showroom. ING has provided Ustaca with suitable financing to realize this expansion.
Adwin van Klompenburg, associate partner at Johnsons CF, stated:
''We observe in the market that companies in a growing market segment face challenges with expansion investments on one hand and available cash flow on the other. By examining the financing of the entire business, we leverage opportunities to secure long-term financing based on existing securities such as your business property, inventory, and/or accounts receivable, unlocking additional funds while keeping the overall financing costs sufficiently affordable.''
Johnsons Corporate Finance acted as the financial advisor to Ustaca.
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