WELL ESTABLISHED & HIGHLY RATED OUTSIDE CATERERS & EQUIPTMENT HIRE COMPANY

Price:

Leasehold - £199,950

Seller Ref:

1877

Location:

Cambridgeshire

Business Type:

Food Service Businesses

See Other:

Catering companies for sale in Cambridgeshire
Food service businesses for sale in Cambridgeshire

Description:

THE BUSINESS:

WELL ESTABLISHED & HIGHLY RATED OUTSIDE CATERERS & EQUIPTMENT HIRE COMPANY - CAMBRIDGESHIRE
Fully equipped to handle the growing business
Based in Cambridgeshire but can be re-located
Early viewing highly recommended
Largest outside caterer in the area
High turnover with strong profits
Long term catering contracts
Quality lockup unit
Growing business
LEASEHOLD

Business History

Meridian Business Sales are delighted to offer to the market this unique and highly profitable outside caterers and equiptment hire company based in Cambridgeshire which has been established since 1988. The only reason this rare opportunity has come to the market is our clients wish to take their well earned retirement. Since the business was established our clients have constantly adapted the business to suit the ever changing needs of both its industry and long term client base. Our clients have invested heavily in the most up to date equipment to include fully fitted kitchens at HQ plus crockery and cutlery to cater for up to 600 guests. The owners expanded the business by introducing equiptment hire around Feb 2010 which has increased trade as a whole. The current and profitable turnover stands at £332,000 pa at a gross profit margin of 65%. This is derived from contract catering to local councils and event companies plus the ever expanding and lucrative wedding market. Since 1988 the business has built a solid and loyal customer base by offering its clients a high quality product in both food and service and our clients reliably inform us that if the new owners carry on at this standard the customer base will follow. We recommend early viewing so as to appreciate the quality and opportunity of this business.

Lease Terms:

Leasehold Original length: 3 years Remaining: 1 year Review: 3 years Rent: £7,200pa