Well Established Catering Business located in Willenhall but able to relocate
Willenhall, West Midlands
- Status
FOR SALE
- Date Submitted:
07/08/18
- Advert ID
226248
- Reference
11150 / Rightbiz
- Call Agent:
- Leasehold: £120,000
- Turnover: £350,000 £6,731 Per week
- Net Profit: Not Applicable
Business Details
A great opportunity to purchase a high turnover very well established catering business started in 1959 and only now being sold due to retirement. The business operates as mobile caterers (street trading) having 11 mobile catering vans and 6 Toyota Hi Ace vans and has 15 extremely valuable local authority licences in and around Wolverhampton Stafford Cannock Walsall Bilston Dudley and Stourbridge some operating during the day some evening and late night and one around Wolverhampton Wanderers football club on matchdays with a brand name and very well known locally of Mr Sizzle. The business operates from a spacious premise in Willenhall and a new lease is available at the premise or the business can be relocated. The concern currently hires out the vans to self employed customers and provides them with all the catering goods such as hamburgers hot dogs chips chicken pork and jacket potatoes which they cook and sell mainly on High Street locations. The turnover for the year is over £350,000 and the price includes the goodwill, 15 operating licences, 17 Catering vans, fixtures and fittings and the lease.
Key Features
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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