A supplier of authentic European delicatessen meat products

– £5.7m in revenue expected from the 10 largest clients in YE24.

– Has maintained an AA rating with the British Retail Consortium since 2018.

– Caters to 164 customers across the food industry, including blue-chip organisations operating within food service, retail and industrial sectors.

– Benefits from high volumes of repeat business, with many relationships spanning over 15 years.

– UK delicatessen market expected to experience continued growth over the next five years to 2028.

– Experienced second-tier management team in place.

– Operates from leasehold premises owned by the Shareholders, which may be included in the sale on a freehold or rental basis.

Financial Highlights

– Turnover of £12.3m.

– Adjusted EBITDA of £1.4m.

– Projected turnover of £15.7m, with an adjusted EBITDA of £1.8m.

– Scope to derive an additional £1m from the planned launch of a range of retail products, with a separate contract under negotiation that could generate an additional £800k per annum

– Turnover growth of 20–25% expected in the current financial year.