Intelligent Business Transfer are pleased to bring to the market a fantastic opportunity for a new buyer to purchase a well-established and reputable Mobile Catering business operating throughout the Croydon area of South London.
The business serves a large customer base at various commercial and industrial properties, serving a wide range of hot and chilled snacks and light meals, along with cold beverages and sweets. The business operates via four refrigerated vans and mobile trolleys trading across a pre-determined route.
Established in 1997, the business has demonstrated impressive growth and now achieves an annual turnover of £450,000. The business operates on a cash only basis and does not have formal accounts. However, the current owner is happy to produce detailed records, along with demonstrating the businesses functions to any prospective buyer in person. The business is marketed significantly under valuation on the condition that a new buyer purchases the necessary hot and chilled food from the current owners business on a contract basis going forward.
There are several areas a new buyer may want to consider for possible further expansion. Modernising the businesses systems to include card payments and contactless would be extremely popular with both existing and new customers and would certainly attract more business. The addition of coffee and hot beverage making machines in the mobile vans could generate a further £500+ per week in revenue and is an in-demand service. There is clear potential to run a limited service on a Saturday as many of the current routes are still active over the weekend. Currently the business does not advertise its services, meaning huge potential still exists if an enthusiastic new owner pro-actively sought new customers and expanded on its current routes.
Intelligent Business Transfer have been approached to find a suitable buyer for this superb opportunity, which is ideally suited to an entrepreneur or couple with some catering or management experience. The current owner has developed a very profitable and highly-regarded business which is now primed for further growth.