Established Catering Equipment Hire Business For Sale

Business description

HISTORY

• Originally founded over 22 years ago
• Built up and prospered during the 9 years it has been owned by the present vendor

REASON FOR SALE

• The vendors are planning to emigrate

PRODUCTS

• The business has an extensive range of catering equipment for hire from a knife and fork to a fridge, freezer or a turbo fan assisted oven and anything in between
• They also have enough crockery to accommodate up to 600 settings in the same design

SERVICES

• Used at all types of events such as weddings, funerals, proms, balls, anniversaries, birthdays and many more

CUSTOMERS

• Extensive client base most of which is within an approximate 50 mile radius of the premises
• These include: Football and cricket clubs, schools, colleges, businesses, hotels & catering establishments

STRENGTHS

• An extremely well established business which has been trading for over 22 years
• Good location in an extremely affluent area
• Extensive stock list which can accommodate up to 600 covers in the same pattern
• Low overheads
• Excellent customer reputation with a high repeat trade year on year








DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property information

Property:

Leasehold

Lease terms:

• Licence
• 2 months notice required
• Rent review: 3 years
• Rent & rates: £4,800 per annum

Location:

• Operating from a converted farm building in an area known locally as the ‘Golden Triangle’ due to it being surrounded on 3 sides by the M1, M25 & M3 motorways
• The premises are located in a rural area

Premises details:

• A converted farm building with gated access to the farm estate for extra security
• Fully racked out to accommodate the extensive stock
• Mezzanine floor for additional storage space plus 2 steel containers to hold the heavier items
• Commercial dishwasher and a double drainer sink
• W/C
• Side office
• Ample free of charge parking all around the site

Business Operation

Expansion potential:

• Extend the working area beyond the current 50 mile radius
• Increase the stock held so that more vents can be accommodated
• Increase marketing activities
• Have a satellite warehouse in different area to save on transport costs

Trading hours:

• Monday to Friday 8am to 5pm
• Additional hours as required by the clients

Employees:

• Vendor full time • Assistance of his partner for 5 afternoons a week

Other information

Related documents:

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• Document