Suppliers Of New And Used Catering Equipment | | Undisclosed Relocatable | | Suppliers of New and Used Catering Equipment Confidentially offered for sale Ref No: CH121 Location: Tyneside Leasehold Asking price: £149,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63524
ADVERT IMPRESSIONS : 64,243 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Outside Catering | | SALE: | Agent Sale | LEASEHOLD: | £149000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
Established in 2000, this is a well known and well run supplier of Catering Equipment to pubs, clubs, take-aways, schools, nursing homes and other establishments that provide food and drink.
The company has a fully functional website with e-commerce facilities enabling customers to purchase equipment online.
They always have a good range of new and second hand equipment in stock which customers are able to view in their well appointed showroom. There is a continuous supply of used equipment which needs repairing and re-furbishing which is carried out in their own workshop. Equipment available includes, ovens, fryers, mixers, work tables, microwaves, griddles, refridgerators and ice makers, in fact virtually everything that you would need for catering. They also work with a local fabricator who makes bespoke extraction canopies and the company can perform complete kitchen designs and re-fits with the help of a reliable sub-contract fitter.
The business runs from four small industrial units with a showroom and offices It is ideally located close by to the main motorway network on Tyneside. They have a good reputation for supplying quality equipment and have numerous testimonials from their customers who have been delighted with the quality of equipment and their after sales service. The major advantage to customers is the large savings that they make on purchasing re-conditioned catering equipment rather than buying from new.
This is a well known local supplier with a large database of customers. It is an easy to run business which gets most of its trade coming from repeat customers and word of mouth recommendations. The profit margins on re-conditioned equipment are excellent and there is little competition in the area. This would be an excellent business opportunity for new owners with fresh ideas and enthusiasm to build upon the solid foundations and reputation that the owners have created.
Key Strengths:
• Well established supplier – over eleven years
• Large database of repeat customers
• Work in progress – normally circa four weeks
• Stock of re-furbished and repairable catering equipment
• Well appointed showroom in leasehold premises
• Ideal central location close by to motorway network
• Customer testimonials
• High margins
Growth and Expansion and Opportunities
The majority of the business is single sale catering units and whilst their call-in trade is always healthy, there are lots of opportunities for the business to be more involved in the design and fitting service they offer for kitchen re-fits. This will involve higher priced jobs and give them a more structured approach to daily work, reducing the reliance on their daily call-in trade.
The company understands the need to re-vamp and improve their website, which will increase the numbers of customers who are searching for specific catering equipment items.
Employees:
This business is run by a husband and wife team with three other full time employees and one other part time employee.
Premises:
Located on Tyneside, the business runs from four small industrial units close by to the main motorway network. The premises have three offices, a main showroom, two workshops used for repairing and re-conditioning equipment and two storage rooms (includes one main large storage room). There is a small car park outside and plenty of other parking around the building.
The premises measure circa 5,617 square feet in total with the lease running until 2012. Rent and rates are circa £22,000 per annum.
Equipment
All of the new and re-conditioned sale stock plus all of the repairable equipment, plus all the fixtures and fittings are included in the sale price. Also included are a Luton LDV van and a fork lift truck.
A full inventory of the stock is available to any genuinely interested party.
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.
The business has a turnover of circa £200,000 per annum with all assets included in the sale.
Reason for Sale:
This is a genuine retirement sale.
Support and Training:
The vendors would be happy to help with a smooth transfer of the business in any way possible.
| | | | | | FOR SALE | | | | | REFERENCE: | CH121 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
