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Meat manufacturer & food supplier - Cornwall

Reference
S8944
Turnover
£1m to £2m
Sector(s)
Food & drink, Manufacturing, Retail & wholesale
Region(s)
South West England
Added
20 June 2022

Business description

The butchers have anexcellent reputation for its various meats most of which are sourced locally whenever possible. Once inside the shop, it is traditional in design and was not only extended over recent yearsbut also modernised with most areas now UPVC clad for hygiene and cleaning, along with non-slip flooring and stainless-steel prep work tops. The main retail space is large enough fortwo 2’x4’ blocks, three tills and separate working areas for both cooked and raw foods. Theprep area has another six 2’x4’ blocks.

A vast array of different products such as locally produced preserves and vacuum packed meats all of which are housed in good quality display cabinets and glass fronted chillers which have been constantly replaced as the business has gone from strength to strength in order to keep up with demand.

During the summer months additional income is generated with the sale of various different types of foods such as meats, cheeses and wholesale dairy.

Whist the business has an already impressive annual turnover; in our opinion we feel the business could expand the commercial aspect which currently only generates approx. 20% of annual income. The butchers currently supplies a number of different types of businesses but could easily expand into the hotel industry increasing overall income and profits.

Highlights

  • Excellent location and reputation
  • Turnover c £1.4m pa 
  • Loyal customer base & experienced staff 
  • Same ownership for over 30 years. 
  • Freehold development opportunity.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2021 (Actual) 1,450 199

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