Overview
Description
The company is a butcher supplying the finest cuts of meat to customers across the hospitality and public sector, with its prominent London location enabling it to target high-end hospitality establishments. The company also works with catering companies supplying multiple sites across South East England, with additional sales generated from private individuals via an e-commerce website.
Offering all raw meat and game products, along with some cooked meats, the company prides itself on the quality of its products, all of which are freshly prepared by hand and delivered on a daily basis.
The shareholders are offering the company for sale to facilitate their retirement.
Offers invited.
Key Highlights
– Holds accreditation with SALSA, Red Tractor and UKAS, assuring its customers of the continued quality of its meats.
– Caters to 70 customers across the commercial and public sectors, covering 400–500 individual sites each month, supplementing this with a steady stream of business from private individuals.
– All customers provide regular, repeat business, with some relationships spanning 10 years.
– Experienced management team in place, operating across two shifts to provide 24-hour operation.
– Scope to open a second depot, facilitating nationwide coverage, which could appeal to some existing customers.
Financial Highlights
– Turnover of £5,5m, with an adjusted EBITDA of £345k.
– Projected turnover of £6.2m, with an adjusted EBITDA of £441k.
– Turnover has doubled over the last four years.
– Some customer relationships generate in excess of £1.5m per annum, with expectations that this will continue for the foreseeable future.
– A new customer relationship is expected to increase turnover by £1.5m over the next six months.
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