CONFIDENTIAL SALE
FOR SALE
20/02/24
607074
155650 / Rightbiz
Project Rasher supplies pork- and protein-related snacks and gifts through grocery stores, pubs, retailers and various e-commerce platforms.
The company has developed a wide range of bagged and giftable flavoured snacks. The products include pork crackling, chorizo, jerky, nuts and gift sets.
The business uses suppliers that hold BRC and SALSA accreditations. The primary supplier recently rebuilt its facility to ensure consistent quality standards and meet the company’s increasing demand.
Operating on an omnichannel basis, the company supplies its products to B2B and D2C customers nationally.
The company is offered for sale to enable the co-founders to focus on other, unrelated business endeavours. A part-share sale may be considered to enable the acquirer to retain the expertise and support of some investors.
Key Highlights
- Vast potential to expand internationally, with an EU supplier already in place to facilitate overseas production and sales.
- Has won 12 Great Taste Awards.
- The business has retained a network of over 320 grocery stores, on-trade outlets and other retailers, including blue-chip supermarkets. One supermarket brand operates over 2,500 individual stores, highlighting the wide-ranging customer network in place.
- Over 35% of the e-commerce sales are generated by returning customers.
- Approximately 45% of B2B customers provide repeat business through frequent restocks of the company’s products in their outlets.
- Operates with a lean personnel model, streamlining its activities and reducing overheads.
- Utilises a third-party logistics warehouse to fulfil orders, which is retained on a flexible agreement depending on the business’s operational requirements.
Financial Highlights
- Generated a YE23 turnover of circa £2.5m, down from £5.7m in YE21 as a result of a salmonella outbreak at the outsourced factory.
- Projected to significantly enhance profitability following operational efficiencies made in YE23. As such, the business is forecast to achieve a turnover of £4.2m by YE27, with the adjusted EBITDA increasing to £880k.
- Approximately 35% of sales are generated through the business’s e-commerce website.
- Well placed to expand the B2B customer network; discussions are taking place with two prominent UK supermarkets. If successful, these may generate a combined £650k by 2025.
- Has a wealth of other pipeline opportunities, such as onboarding previous B2B customers and procuring festive gifting tenders.
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 SolicitorThe data showed regarding this advert 'Retailer of pork and protein related snacks - 155650 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.