| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 113,424 TIME(S)
BUSINESS REFERENCE : CH059 / RightBiz MOBILE EVENT CATERING COMPANY | | | | | | Mobile Event Catering Company Confidentially offered for sale Ref No: CH059 Location: Fully Re-Locatable Asking Price: £1,500,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Outside Catering | | SALE: | Agent Sale | LEASEHOLD: | £1500000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This popular and successful mobile catering business was founded in 1994 by the vendor with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a reputation for the quality and reliability of its services.
This professional business operates mobile catering units, throughout the UK and caters for all sizes of event from relatively modest events through to the some of the largest and most prestigious events in the UK. Many of these are regular repeat sites serviced by the vendor while several are on contracts of up to five years in duration, with several quotes outstanding for several more contracts at very large events, some of which the vendor is close to realizing.
The business maintains more than sufficient units and equipment to cope with large events or to be able to operate from a few events on the same evening or weekend and always works to the highest standards of service and it is this professional commitment that helps ensure the success of all events.
The business operates from a home location but is fully re-locatable and has dedicated itself to providing exceptional mobile catering services, maintaining consistency and service. The vendor has found operations easily maintained from this base and has the technical and supply capacity to meet all demands well within current operations.
The business is further supported by exemplary relationships with key suppliers who have helped to ensure that services are never compromised and that customers are never let down. This commitment to supply relationships has underpinned this business’s abilities in service quality and rapid business growth.
Being a cash business means that there are no borrowings and the business is cash positive with little in the way of speculative buying or stocking associated with other businesses.
Customer Service:
The business manages many customers in any normal weekend and has the systems, processes and people to ensure that both profitability and customers’ needs are satisfied.
The most important aspects of customer management and satisfaction considered by the business are honesty and reliability combined with an uncompromising attitude to the quality of products used, which is responsible for the business retaining many customers and the reputation for which has led to the acquisition of new customers.
Key Strengths:
The business is an autonomous organisation where the owner has, over time, developed and nurtured a team capable of overseeing business operations effectively, reducing the need for constant input from the vendor; resulting in customer relations founded on trading satisfaction and not any particular relationship with the vendor.
The business is well established with good margins, and a strong, growing customer base, happy with the business’s professional services. The business retains a high level of repeat business, particularly among a number of core venues retaining their services on a regular basis having done so from the commencement of trading and has several on-going contracts in place.
The company has earned an outstanding reputation for its honesty, service, reliability, efficient job completions and ability to service multiple events, cost control and highly skilled, experienced staff.
Growth and Expansion:
The current market for this business is not only very stable but is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth simply by means of a more proactive sales approach. The existing owner simply has not the time or desire to expand further currently, as he has reached a comfortable position that can be managed on a reduced time basis.
Business operations are not at maximum capacity and there remains considerable scope for an increase in sales turnover and profit simply by gearing operations in line with current market demand.
Key Opportunities:
This is an outstanding opportunity to build on the existing services and customer base of this company. With a strong demand combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
This business maintains an extensive base of satisfied customers, who appreciate their superior services. There are many excellent avenues for growth, especially with operations capacity, an investment in marketing & sales including the development of a company website and market forecasts which are showing trends for growth.
Advertising and Marketing:
The business has used very limited advertising in the past and there are excellent opportunities to increase this in line with investment in marketing and sales to new and other regional markets and market the business more aggressively to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
The company does not have a web presence and there is no doubt that turnover and profits could increase exponentially using this additional medium.
Equipment:
The business owns four fully fitted and recently acquired mobile catering units with four marquees. In addition there are two freezer lorries and two Sprinter vans. All vehicles and equipment are kept in the best of condition and fully maintained giving them an as new appearance and reliability factor.
Employees:
The vendor works reasonably full time within the business and has no employed staff, instead calling on a large pool of casual staff who are prepared to travel to and stay at the various events he attends.
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 is a cash business and is financially stable with no borrowings, low overheads; positive cash flow, enjoys a strong order book, regular repeat business and ongoing contracts, good gross and declared net profits of circa £164,000 per annum and has shown successful growth since trading began. In addition the value of assets included in the sale is in the region of £200,000.
Reason for Sale:
Due to on-going family commitments the owner has finally and reluctantly decided to offer the business for sale, as he has not the time to spend continuing to build this successful business in the way that it needs.
Support and Training:
The current owner will provide all necessary training and pass on all relevant contacts to allow continuity of trading and is prepared to assist in further support and training if required. | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CH059 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
