Design And Supply Of Catering Equipment | | Undisclosed Tyne and Wear | | Design and Supply of Catering Equipment Confidentially offered for sale Ref No:CH069 Location: Tyne & Wear (Relocatable) Asking price: £175,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 15795
ADVERT IMPRESSIONS : 46,703 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Outside Catering | | SALE: | Agent Sale | LEASEHOLD: | £175,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This is an ideal opportunity to purchase a mature business which was established 15 years ago by the current owner, designing, supplying and fitting catering kitchen equipment to a number of high profile companies in the UK. These include, restaurants, public houses, delicatessans, cafes and catering establishments. They have earned an excellent reputation for a complete turnkey solution to their clients by being able to competitively source and supply from a first class supply chain.
The company operates its business from a small rented industrial unit which serves as their showroom, office and workshop. A secondary space is leased and used for storage purposes.
The business is profitable and easy to run with simple business principles of providing a quality product, fitted by experts at a competitive price.
Customer Service:
This company has earned a good reputation within its market for supplying quality, yet competitive product. They continue to deliver the job on time to the specifications demanded by their discerning customers.
They are able to be competitive by buying bulk orders from their supply chain, some of which are liquidated stocks, which they can then sell on quickly and cheaply from their warehouse.
The showroom has a display of ovens, deep fat fryers, refrigerators, freezers, counter serving systems, coffee machines, extraction systems plus other essential equipment.
Often the company are instructed to decommission catering equipment before fitting the new equipment. They will then re-furbish the equipment and sell on as second hand equipment. This takes place in the workshop and keeps the workforce busy at all times.
Key Strengths:
The key reason why the company has, been successful and why their clients stay with them year in and year out, is the constant ability to deliver a quality job on time, and at a competitive price as promised. The company deals regularly with a number of major players in the catering industry, including major high street retailers with cafeterias, groups of public houses with food areas, council cafes, garden centres and major restaurant outlets.
The company has first class industry knowledge and is regarded by their customers as experts in their field. The number of referrals that the company have received is testimony to this fact. They have the ability to work from a concept right through to handover on contracts both large and small
The business has been developed in such a way so it can cater for the most demanding of clients. The infrastructure is in place with its staff to go forward to a higher level.
The reputation is such that the business enjoys very high levels of repeat business. The customer base is a mix that ensures a degree of economic resilience. There is excellent scope for growth for the company in the catering industry.
This family business is well run, with an excellent team of skilled and conscientious workers, who pride themselves on the high standards they have set.
Growth and Expansion:
This is an all year round business with very little seasonal changes. There remains scope for a new owner with fresh energy and ideas to increase sales and bring in further turnover and profits. There is on average a three monthly order book in place, but this could be increased with further staff employed.
They have been trading consistently over the past twelve years and the current owner has maintained the business at a level that is comfortably manageable to him based on the current infrastructure.
The company are currently updating their web-site, and there is no other major marketing or advertising budget. They obtain the majority their business from their regular customers and by word of mouth recommendation. A small amount of investment in a sales drive would immediately reap rewards with the high quality and service which is provided.
Key Opportunities:
This is an outstanding opportunity to build on the existing products, services and customer base of this business. With a strong demand for the product combined with a capacity to increase turnover, a new owner contributing fresh ideas and energy, will have every advantage of building on an excellent, existing platform.
Geographically, the business is well positioned in the Tyne and Wear region, although it is re locatable
The company has earned a good reputation for buying bulk and liquidated stocks. They are now approached on a regular basis with excellent deals which help to keep a competitive edge against their competition.
There is an option to retain the owner as a shareholder in the business or to retain him as a consultant to the business.
Employees
The owner runs the business on a daily basis including all of the buying, quoting, and project management. There is a skilled builder/ joiner and two other workers who help with the fitting and refurbishing of the equipment. There are one other part time employee, and an accountant who works one day per week and a freelance architect who designs on a job to job basis
Premises:
The business runs from a small industrial unit in Tyne and Wear, which is circa 2,200 sq. ft. The unit comprises of a showroom, workshop and office. There is parking available outside and the unit is in close proximity to the motorway network. Rent is circa £760 per month with annual rates of circa £2,970. The lease is short term on a month by month basis.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Apart from one year, in which the owner was ill, the business has continued to grow.
The turnover for the current financial year is forecast circa £400,000 with forecasted Net Profits of circa £60,000.
Reason for Sale:
The owner would like to see the company progress on to the next level and is prepared to listen to various options. He believes that it would be a perfect time for someone to invest in the business and would be happy to stay on with the company either as a shareholder, employee or as a consultant.
Support and Training:
The owner would be happy to help out with a smooth transition of the business and help in anyway possible.
| | | | | | FOR SALE | | | | | REFERENCE: | CH069 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
