South East London Corporate & Private Catering Hire Service For Sale

Business description

Established thirty-four years ago, this business was purchased by its present owner in 1997 and is one of London’s leading suppliers of quality food and catering equipment. Company philosophy is to constantly strive to improve the service to its valued customers.

The menus are based on traditional values that have made the business a huge success over the years and whilst they aim to please every palate and pocket, they positively welcome any specialty requests clients may have.

The business is ideally situated to use fresh products from London's markets and chefs have over forty years experience in creating top quality food, whether catering for a finger buffet, Weddings or Banquet.

Contracted clients of the business includes the Palace of Westminster, a private school in Portland Place and the London Council. In addition to the catering side of the business is a strong demand for the hire of catering equipment including furniture and linen, cutlery, table and glassware and bar accessories.

Current turnover is circa £260,000, generating a gross profit of £154,000, this business represents an excellent opportunity for any organization to extend its activities into the commercial and retail catering sector or an existing operator seeking to establish a foothold in the London market.

Equipment:

The business has designated glass and plate washers, valued in excess of £25,000. Software is used for stock control and invoicing.

Customer Service:

The company aim to provide top quality service, culinary creativity and complete customer satisfaction. The Company offers unmatched levels of service and supplies a huge food selection, all prepared to the highest standard.

Key Strengths:

This is a very well run business, confident in its knowledge of the marketplace, its product range and how best to develop it to meet ever-changing customer needs. Its products are of the highest quality.

Property information

Property:

Leasehold

Lease terms:

The business operates from leasehold premises in South East London. There are currently three years remaining on a renewable lease. Annual rent is charged at £14,000 per annum, with rates charged additionally at £6,000 per annum.

Location:

The business operates from leasehold premises in South East London. There are currently three years remaining on a renewable lease. Annual rent is charged at £14,000 per annum, with rates charged additionally at £6,000 per annum.

The premises measure circa 3,000 square foot of fully equipped, with a fully fitted stainless steel commercial kitchen and food preparation room. The business has a walk in chiller, two large storage areas and three offices and potentially three car parking spaces – a rarity in this part of London.

Other information

Expansion potential:

The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market:

The Company is highly credible. Its most effective form of advertising is its performance with its Clients. Customer satisfaction results in repeat bookings and high levels of service at high profile events encourages attendees to book this business or recommend it to friends, colleagues and associates. The business has a professional informative website, however, with so many aspects to the business there are always ample opportunities to cross promote their services, such as a company brochure or direct mailings.

Support & training:

Full support and training will be provided to the successful purchaser.

Reasons for selling:

This is a genuine retirement sale.

Trading hours:

7.00 am – 3.00 pm Monday – Friday