Wedding Services for sale in Ashford

View the "Catering Equipment Hire Company Established 23 Years OWNER OPERATED" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Adam Warren (Jan 2017)
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Leasehold Price: £225,000 Annual Turnover: £152,869 Annual Net Profit: £58,577
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Business Description
RELUCTANT FAMILY BUSINESS SALE
We are a family run catering equipment and furniture Hire Company ranging from tables, chairs, crockery, cutlery, glassware, linen, ovens, BBQs etc. Established for over 23 years and trading. Unfortunately due to health reasons we are looking to sell the business and this would suit either someone in the industry or a fresh minded approach.
Currently due to our personal issues we are trading at a comfortable level? This however can immediately be tripled with the right input and enthusiasm..
We are looking for a quick sale, our stock & assets estimated valuation is approx. £150,000 Renewed! So we estimate this to be approx. £75,000 in the current market maybe more as stock is replenished when required.

We the sellers are not continuing in the industry so this is a fully complete sale.

Our last three years turnover due to health issues was as follows and is growing with input
These figures are based on the owner himself with occasional staffing requirements.. New owner enthusiasm would quadruple these figures guaranteed!

2015-2016 £102,671.96
2016-2017 £127,838.85
2017-2018 £152, 869,05

Rent is approx £32,000 PA with rates £13,000 PA
The lease is approx 2 years remaining renewable.

Our clients are private, caterers & corporate - We are also a registered supplier for Sodexo

Over the last three years we have basically stripped the business back and streamlined so minimal effort for maximum profit.

We are a family run business as mentioned and my mother does the self-assessment accounts in Ireland and i handle the operations here.
We have no staff therefore no added staffing costs. I and my son arrange the deliveries and when we get busy during certain periods we employ temps.

The business is also geared up for catering, with a walk in fridge, kitchen facilities, blast chiller & freezer, ovens etc.
This side of the business could additionally increase profits and there is a refrigerated van with this also. All included within the sale plus a website for the catering side separate to the main equipment.

If you are a caterer spending well-earned revenue on equipment hiring??? This is a golden opportunity to invest and gain reward over a very short period of time adding additional profits to your end of year accounts.

New rack conveyor dishwasher installed two years ago £30,000 running on reverse osmosis purified water so drip dry glassware which dramatically reduced labour costs.

Updated Ford Luton long wheel base trasit with tailift and enhanced signwriting.

Maintenance to all company vehicles is provided free of charge by the unit next door who use some parking spaces,,, so an additional valued saving.

Therefore suited to the right buyer who can easily purchase, increase turnover, employ where requires & triple profits.

We are currently looking for the stock & asset value plus only one year’s turnover.
We have an order book going forward
This is a fully established business, simply purchase move in and operate and the first three month of the year are pretty quiet so ideal time to transfer ready for the busy season.
Health issues are the only reason for this sale.

For more info please don't hesitate to call Robbie on 07771614457
You are more than welcome to arrange an appointment to visit and see how the operation works.
Trading Hours:
8am - 4pm
some weekends
Hours to suit

Tenure: Leasehold

Support & Training:
I will personally at an agreed fee stay for an agreed period for a smooth transition.

Location Details:
Ashford, Middlesex based close to all London routes M3 M40 M4 and easy access to M25

Is this business relocatable: Yes

Website:

Find out more about this business opportunity.

 
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PAX01249060512
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