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Categories
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Technology, Food & Bev, Service Businesses
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Location
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Ripon, United Kingdom
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No. Investors
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520
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Valuation
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£12,900,000
Company Description
Born in 2011 in North Yorkshire, we set out on a mission: to get the nation to eat better meat.
Farmison & Co is one of the UK’s leading online butchers. We’re dedicated to sourcing the best tasting, ethically farmed produce, maintaining superior supply chain control to ensure quality & sustainability.
We offer the largest British butchery range online and boast a tech-driven fulfilment operation with full product traceability. To date we have shipped over 500k orders, with cumulative revenues of over £40m+.
93% of the UK population consume meat, so it’s worth doing right. The UK market is worth more than £16bn, climbing to £23bn by 2030. The online UK meat market is expected to grow from £1.6bn in 2020 to £3bn by 2030.
Over the last 30 years, retailers have put price over quality, supporting unsustainable industrial factory farming and importing meat for profit. A clear opportunity exists to establish Farmison as a world-leading brand & champion of ethical, traceable and sustainable meat.
Monetisation strategy
Farmison & Co is predominantly an online direct-to-consumer business - >90% of revenue in 2021. Revenue streams are generated from;
Ecommerce:
• New Customers: acquired through various methods such as PPC, social & brand partnerships
• Existing Customers: strong retention rates, growth focussed on frequency and recency strategies, customer segmentation, 2nd shop optimisation
Premium Retail/Michelin Star Restaurants: Supplying some of the UK’s best retailers/ restaurants;
• Harrods
• Fortnum & Mason
• Selfridges
• Grantley Hall – Shaun Rankin
Cut by Farmison & Co - opened in 2021. Located at our head office in Ripon, the store is now generating around £300k per year*
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Key Deal Facts
500,000+ orders sent nationwide, with 40% repeat rate, FY’21 sales of £12m with produce margins of 50%*, Customers rate us excellent with over 25,000 reviews and counting, Proud suppliers of Harrods, Fortnum & Mason & Selfridges