Name: Suleman Sacranie
The Midlands Young Entrepreneur of the Year has struck gold with a business set to revolutionise the wholesale sector
99pwholesaler was set up after founder Suleman Sacranie dropped out of a Chemistry degree at Leicester University, a decision that’s so far proved a wise one. His online discount retailer was launched in 2010, with the £500 he had in his bank account. Within a year he had raised investment from private equity firm Equity Plus Partners – something he today cites as one of his biggest achievements.
And now Suleman is projecting a £5m turnover within the next few years, helped by the comparison search engine “for the cash and carry and wholesale food and drink marketplace” he’s launching imminently, after which 99p Wholesaler will be launched as Wholesaler Supermarket. He credits his “excellent” team for his being selected as the Midlands Young Entrepreneur of the Year 2012, and together thinks they can “revolutionise the wholesaler sector, which has been my aim since day one”.