Featured Brokers
CONFIDENTIAL SALE
FOR SALE
23/01/24
605460
155353 / Rightbiz
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.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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