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Long Standing Catering Van Business

Ipswich, Suffolk
Asking Price:
£25,000
Status
FOR SALE
Advert ID
246684
Reference
B05429 / Rightbiz
Business
Hilton Smythe welcomes to the market Lipsmackers, which was established by our client in 2006 on a site where that has been a catering van for around 30 years, therefore, this site is a well-known position for late night revellers looking for food on the way home. Our client is now looking forward to retirement.

Lipsmackers sells burgers, hot dogs, chilli, nachos, bacon rolls, soft and hot drinks.

Since our client is now looking forward to retirement our client now opens Friday and Saturday nights, however, the business has a licence to open 7 days a week if required and by taking on an employee the business could open each night.

There is scope for development by considering

  • Opening other nights
  • Expanding the menu to include different food
  • Catering for public events and festivals
  • Creating social media page/pages to promote the business for outside catering events
  • Creating a website to promote the business for outside catering events
There are many reasons to buy Lipsmackers including

  • One of only a few such vans in Ipswich
  • One of the most prime locations in Ipswich
  • Long standing position in Ipswich
  • Regular customer base
  • Our client has indicated that they will stay on for a transitional period if required
Hilton Smythe highly advise early viewing to avoid disappointment.



Location
Lipsmackers is in central Ipswich, the county town of Suffolk in a prime location on Tower Street, next to the bus garage, Yates and Tower Ramparts shopping centre. All in all, an ideal location for a catering van.

Ipswich is the county town of Suffolk and a central hub for nightlife for the majority of Suffolk, therefore, ideal for Lipsmackers, which has a licence to be open at this location 7 days a week from 4pm to 5.30am

Ipswich has a population of circa 133,384 as of the 2011 census with the greater area having an estimated population of circa 180,000 at that time.



Premises
The 1.9 tonne, 14’ x 7’6 bespoke fitted catering van with 5* hygiene rating is being sold with a generator and all internal appliances including:

  • 2 x 4 burner gridles.
  • Bain Marie.
  • Hot plate.
  • Fridge.
  • Freezer.
  • Drinks display fridge.
  • Stainless steel preparation area and storage.
  • In built till.
  • Housed water tank.
  • Gas bottles.
  • Menu board.


Tenure
We are advised the business is being sold as a business only transaction.



Hours
Friday & Saturday: 4pm – 5.30am. However, service usually starts around 7.30pm until finish.
There is a licence to be open 7 days a week from 4pm – 5.30am.




Staff
The business is run and managed by our client.



Financial Profile
Lipsmackers generated an advised turnover of circa £61,027 as of the 2017 accounts, with a net profit of £17,268. This was with one member of staff and around 3 -4 night per week.

Our client now takes around £1,000 per week over the 2 nights with a similar/higher net profit.

The assets are worth in the region of £15,000.

The average stock value is in the region of £250.



Listing Details
Asking Price: £25,000
Tenure: Leasehold
Tenure: Other
Location: Ipswich, Suffolk
Sector: Take Aways Businesses, Food And Drink
Financials
Annual Turnover: £61,027
Contact Agent
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Agent Name: Upgrade to view
Advert Reference: B05429 / Rightbiz

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