Extremely Well Established Corporate Hospitality Business | | Birmingham West Midlands | | BIRMINGHAM EXTREMELY WELL ESTABLISHED CORPORATE HOSPITALITY BUSINESS Spacious detatched premises with very reasonable rent for its size at only £14,000 per annum Excellent customer reputation with high repeat and referral rate Outstanding customer base wh | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72124
ADVERT IMPRESSIONS : 7,599 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Outside Catering | | SALE: | Agent Sale | LEASEHOLD: | £135000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• The business is located in a popular area of Birmingham close to the M5, M6 and M42 motorway networks which enables good customer delivery times
HISTORY
• The business was founded by the present vendor over 13 years ago, during which time he has built up an enviable reputation for supplying quality fayre at a reasonable price
REASON FOR SALE
• The business is only now being reluctantly offered for sale as the vendor wishes to retire
PRODUCTS
• Freshly prepared corporate hospitality buffet lunches account for approximately 60% of sales
• Conference facility contracts are circa 30% of sales
• Food vending contracts are approximately 10% of sales
CUSTOMERS
• Almost exclusively the business only deals with major blue chip customers, the majority of which are well known household names
STAFF
• The business employs 6 full time staff and 3 part time who work approximately 16 hours per week each
• All the employees are on nil basic hours contracts
• In addition, the vendor works full time with his wife who works approximately one day a week
TRADING HOURS
• Weekdays 6.30am to 3.00pm
• Plus occasional weekend work as required
FINANCIALS
2011 2010
Sales 345,305 384,226
Net 42,081 37,340
• Stock holding £6,000
• The vendor is prepared to work with a new owner to ensure a smooth transition and to give the necessary introductions to both staff and clients
PREMISES
• Very well presented detached premises arranged over 2 floors with circa 4,500 square feet and briefly comprising:
o Ground floor: reception area with 2 reproduction antique sofas, occasional tables and display boards, production office, production kitchen with:
o Industrial cooker 6 burner
o Industrial grill
o Industrial fryers
o Convection oven
o Gravity feed slicing machine
o Industrial food mixer
o Industrial pass through dish washer
o Stainless steel tabling, sinks etc
o 4 x 20 cubic foot stainless steel fridges
o 3 x 20 cubic foot stainless steel freezers
o Stainless steel racking
o Dispatch
o 2 x 20 cubic foot stainless steel freezers
o 3 x 30 cubic foot fridges
o Steel racking
• Stairs to first floor with:
o Side finance office
o Large storage area with stainless steel and metal racking with:
o 7 soup kettles
o 6 kenco / flavia coffee machines
o 8 chaffer dishes and sufficient crockery
o Cutlery
o Glassware and service platters for 200 covers
o Off site storage with:
o 2 pour and serve coffee machines
o 2 x 15 cubic feet fridges
o 1 refrigerated display case
o Assorted cutlery, crockery etc for 80 covers
STRENGTHS
• An extremely well established business which has been trading for over 13 years
• Spacious detached premises with a very reasonable rent for its size of only £14,000 per annum
• Excellent customer reputation with a high repeat and referral rate
• Outstanding customer database which consists almost exclusively of blue chip household names
• Consistent net annual sales of approximately £350,000 which is producing reconstituted net profits in the region of £42,000 per annum
SCOPE
• Whilst already a successful business it does still offer excellent potential to increase both sales and profits in the short term by:
1. Access the many outside catering events which are presently turned away
2. Do outside sandwich rounds to the many nearby factory units and industrial estates
3. Approach local schools to do any catering
4. Do weddings, wakes, christenings and parties local to the area
TENURE
• Leasehold
• Original lease: 10 years
• Remaining lease: 2.5 years
• Review every: 5 years
• Rent: £14000 per annum
• Rates: £5,690 per annum
VIEWINGS
• A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1259B / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
