B2B Meat Supplier | Lancashire
| Price: | POA |
| Contact: | 02089732581 |
Please quote reference number B07921.
The company processes, ages and delivers meat products directly to a B2B client base across the North west, servicing hospitality venues, schools, factories, professional football clubs, nursing homes, and more.
Based in Lancashire, the company is a B2B meat supplier with a rich heritage dating back to the early 1900s. Over the years, the company has built a strong reputation for high-quality products and exceptional customer service. It specialises in delivering meat products directly to its diverse client base across the Northwest, which comprises hospitality venues, schools, factories, professional football clubs, nursing homes, and more.
Investment highlights
- Long-standing customer base. Many clients have been loyal partners for 10-20 years.
- In-place management team. The company benefits from an in-place management team that oversees the shop floor, staff management, quality control, procurement and supplier negotiations.
- Diversified client base. A diversified client base across multiple sectors (hospitality, leisure, food service wholesale, etc.) mitigates risk.
- Exceptional customer retention. Boasting a 95% repeat customer rate, the company has built strong relationships with its clients.
- Unique product offerings. The company sets itself apart for its quality products at unique specifications and supplies its own highly popular in-house dry-cured gammon steaks.
- Multiple suppliers. A diversified supplier network ensures cost-competitive pricing for clients.
Growth prospects
Relocating to larger premises would enhance operational capacity, while allowing the business to pursue lucrative contracts, some of which can be worth upwards of £2 million per annum. Acquisition by a company already equipped with larger facilities would deliver significant economies of scale.
Another growth avenue includes reviving the company’s D2C online business that operated successfully during the Covid-19 pandemic.
Highlights –
- A strong financial profile with a turnover in excess of £1.6m in 2023.
- In-place management, supported by a team of butchers, drivers and administrative support.
- A large diversified client base across multiple sectors with 95% repeat custom.
Opportunities –
The business offers several exciting growth avenues, e.g. by increasing operational capacity through relocation, reviving the company’s old D2C online platform, and developing a user-friendly digital ordering system.
Location
The business is based in the North West.
Premises
The business has roadside premises.
Tenure
The premises are freehold and leasehold.
Hours
The business operates all year round.
Staff
The business has a team of 14 staff members.
Financial Profile
The company boasts a history of consistent revenue trends and profitability, turning over in excess of £1.7 million in 2022 with an adjusted EBITDA of £215k. For the latest financial year (2023), turnover stood at £1.6 million with an adjusted EBITDA of £185,992.
• 100% share capital.
• Leasehold premises available, pending agreement.
• Interested parties will be required to sign an NDA