Butcher of prime meats for Catering Sector Confidentially offered for sale Ref No: EQ001 Location: East London Leasehold Asking price: £750,000 This business has its roots going back decades. After successfully joining his fathers butchery firm from apprenticeship in the 1970’s, the vendor decided to branch out and run his own business in 1984. Taking over the operations of this business, which was originally owned and operated by a different proprietor since 1973, the vendor quickly established an excellent reputation for the supply of pre-packed, top-quality, prime-cut meats to the professional catering sector. With a focus on flexible, on-time next day delivery, the direction the business took, immediately appealed to smaller independent private Restaurants, Hotels, and Private Clubs, with a particular focus on the higher end of the market. There are a number of corporate clients also, such as a well known retailer of home furnishings, whose staff catering operations utilise the businesses produce. Over the years, due to the movement of professionals in the industry, who always use the company as their first option for quality meat supply, the business has grown an extensive list of clients across the M25 and surrounding area. The business has an EEC stamp number for the supply of meat, and is inspected bi-monthly to assure all guidelines are met. The business prides itself on the quality of the facilities, and the professional approach to all they do. Meat is bought in from around 6 or 7 EEC Licensed Abattoirs, and from regular visits to Smithfields market. The business has excellent relationships with their suppliers allowing them to obtain the best products at competitive prices. The staff butcher the meat into prime-cuts that the menu’s of high end restaurants and the chefs dictate, pre-pack on-site and store for delivery. Orders are processed daily for next day or weekly delivery dependent on the customers requirements. This next-day delivery service appeals to clients, allowing them to offer fresh meat to their customers daily without wastage. The business enjoys a wide range of independent clients across the South-East, and has always focused on the higher-end of the marketplace. With such a large client base, the business is protected from the ups and downs in the restaurant and professional catering sector, and has enjoyed excellent levels of stable turnover and profit margins over the years. The owner of the business has stepped back from daily management over the last few years, and is now on-site 3 days per week, with the business being operated on a daily basis by key managerial staff. This allows for the straight forward transition of the business to new ownership.