Business Summary
2010 Turnover circa £670,000
EBITDA £215,000
2011 Projection £1,000,000
Village retail outlet
Supply contracts
Goodwill
Business profile:
Established in 1989, the business was originally set up to supply the needs of the local community. The business has grown significantly year on year and has now established a substantial revenue stream as a wholesaler. The business supplies meat, poultry and homemade pies to a growing database of circa sixty clients based in a twenty five mile radius of its rural base. Customers include hotels, pubs, rest homes, golf clubs and restaurants, schools, colleges and group distributers. The business continues to grow rapidly and currently turnover is increasing at a rate of approximately £20,000 per month.
The ongoing success is based on a number of factors. All meat is supplied fresh and at a quality that many of the national competitors can’t compete with. Suppliers are generally local farmers and abattoir’s and as such the provenance of the meat is a known factor. The business can assist institutions by working within their budgets and yet still deliver a quality product.
Orders are taken by phone, fax and e mail with customers ordering weekly or daily. The operation runs three full time van delivery services six days a week.
Key Strengths:
• Strong and ongoing growth
• Rural location with controlled low overheads
• Good supply chain
• Excellent reputation
• Quality products
• Trained staff
Equipment:
A full inventory of equipment will be made available on request.
Headline assets being four liveried delivery vans
Three walk in chillers and one walk in freezer
Opportunities:
There is a huge available market within the county and prospective customers look favourably on local suppliers, with strong customer care and regular delivery patterns.
Property Details
Other Business Details
Premise Details:
The business operates from leasehold premises. The company has a five year rolling lease that expires in December 2013. The premises consist of a retail shop, cutting and preparation room, cooking area and storeroom, three walk in chillers and one walk in freezer. The business qualifies for rates relief and does not pay business rates
Competition:
This business has grown organically by reputation and referral. It has never found the need to advertise its service as the catering trade is known for a high staff turnover. As such chefs and catering managers moving jobs take key suppliers with them and existing customers happy with quality, service and price remain loyal
Business Operation Details
Miscellaneous Details
Reason For Selling:
The director of the business started this company from a blank piece of paper and after twenty one years feels that it is time to pass the business on to a new generation of directors. He is willing to provide a significant handover period to provide continuity and stability. This will be negotiated as part of the sales process
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