The business is being offered for sale due to our clients wish to relocate due to family reasons.
Over £400,000 has been spent in the refit and creation of this modern unit with high volume delivery capacity.
Since moving to this site in 2014, the business has enjoyed a turnover in excess of £3M and is extremely proud to be certified by the Food Standards Agency – UK2699.
This not only allows the business to attract customers many other similar suppliers can’t but also allows the company to expand and if required move to more larger premises.
The cost of upgrading the premises to the required standard cost over £250,000 which any new buyer will see the full benefit of in the forthcoming years.
Currently the business is led by the very strong Wholesale side which accounts for around 70% of the total revenue with the remaining 30% obtained from the loyal retail customers.
The wholesale side of the business is made up of 25 very well-known, independent restaurants, hotels, small restaurant chains and one of London’s most famous Department stores, known worldwide!
Such a client list only comes from supplying quality meats with an exceptional high service level.
The loyal retail customer base is a mixture of loyal and destination customers.
We believe any new buyer could easily build upon this excellent wholesale reputation by increasing the customer levels to around 50 which could result in a turnover in the region of £4M making this opportunity highly desirable for any existing supplier of Halal Meat and poultry products within the affluent London area.
Currently sales are up £127,129 from the 2017 figures to 2018 and our clients see easily a further 10% increase for 2019.
A further opportunity to increase turnover would lie with investigating the London schools and more hotels.
A full handover period will be offered by our clients.
The business is being sold as a Leasehold opportunity with 12 years remaining on a 16 year lease.
The rent review has recently happened securing the £28,000 yearly rent for the next 5 years.
Rates payable are just £12,000 per year.