Overview
Description
Project Rasher supplies pork- and protein-related snacks and gifts through grocery stores, pubs, retailers and various e-commerce platforms.
The company has developed a wide range of bagged and giftable flavoured snacks. The products include pork crackling, chorizo, jerky, nuts and gift sets.
The business uses suppliers that hold BRC and SALSA accreditations. The primary supplier recently rebuilt its facility to ensure consistent quality standards and meet the company’s increasing demand.
Operating on an omnichannel basis, the company supplies its products to B2B and D2C customers nationally.
The company is offered for sale to enable the co-founders to focus on other, unrelated business endeavours. A part-share sale may be considered to enable the acquirer to retain the expertise and support of some investors.
Key Highlights
– Vast potential to expand internationally, with an EU supplier already in place to facilitate overseas production and sales.
– Has won 12 Great Taste Awards.
– The business has retained a network of over 320 grocery stores, on-trade outlets and other retailers, including blue-chip supermarkets. One supermarket brand operates over 2,500 individual stores, highlighting the wide-ranging customer network in place.
– Over 35% of the e-commerce sales are generated by returning customers.
– Approximately 45% of B2B customers provide repeat business through frequent restocks of the company’s products in their outlets.
– Operates with a lean personnel model, streamlining its activities and reducing overheads.
– Utilises a third-party logistics warehouse to fulfil orders, which is retained on a flexible agreement depending on the business’s operational requirements.
Financial Highlights
– Generated a YE23 turnover of circa £2.5m, down from £5.7m in YE21 as a result of a salmonella outbreak at the outsourced factory.
– Projected to significantly enhance profitability following operational efficiencies made in YE23. As such, the business is forecast to achieve a turnover of £4.2m by YE27, with the adjusted EBITDA increasing to £880k.
– Approximately 35% of sales are generated through the business’s e-commerce website.
– Well placed to expand the B2B customer network; discussions are taking place with two prominent UK supermarkets. If successful, these may generate a combined £650k by 2025.
– Has a wealth of other pipeline opportunities, such as onboarding previous B2B customers and procuring festive gifting tenders.
Is this business relocatable:
Is stock included:
Listed By:
Similar Listings
Mailbox Estates presents a well presented town centre Post Office with a High Remuneration of £110,000 per annum. This long-standing post office has excellent pedestrian foot flows within a well-established trading location. The Opportunity: • To...
A fantastic opportunity to purchase an established flooring company. Letchworth Carpet Centre has been trading since 1990 and has built up an outstanding reputation in both the domestic and commercial marketplace. The business boasts a showroom for c...
In the heart of the Luton Shopping Centre, a rare opportunity to acquire a jewellery shop. A sought after location with superb customer traffic. Annual turnover of £60,000 with massive scope to increase significantly. Extremely well secured...
Long-Established Curtain & Blinds Manufacturer and Retailer based in Norfolk, East Anglia. This thriving business comes with a leasehold tenure, with a new lease to be negotiated for the purchaser. Enjoy the benefits of a well-regarded business w...
Step into a thriving culinary business set in the heart of Kettering’s bustling cultural quarter. This café and delicatessen offers a rare opportunity to acquire a well-established venture combining a passion for quality food and exception...
Alan J Picken are delighted to offer this well-established, local wine business onto the market. The business sells a wide variety of fine wines, spirits and Havana cigars carefully selected by our client. Right from day one, our client has chosen t...