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Commercial Catering Equipment Supply Business in Cheltenham Gloucestershire For Sale

Cheltenham, Gloucestershire
Established Commercial Catering Equipment/Furnishings  Supply Business Photo 1
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Established Commercial Catering Equipment/Furnishings  Supply Business
  • Status

    FOR SALE

  • Advert ID

    633642

  • Leasehold: £450,000
  • Rent: £49,776 (£4,148 per month)
  • Turnover: £900,000 (£17,308 per week)
  • Profit: On request

Key Features

  • Accounts Available
  • Established Business
  • Offers Invited
  • With Car Park

Business Details

Established Commercial Catering Equipment Furnishings Supply Business

We specialize in supplying high-quality used refurbished commercial kitchen equipment to end users. Our national customer base, combined with local service within a 30-mile radius, allows us to cater to a diverse range of businesses effectively.

Our inventory is substantial, with an estimated stock value of £600,000 at cost, translating to approximately £1.5 million in retail value. This impressive stock depth ensures that we can meet various customer needs promptly.

The business operates from a 45,000 square foot premises with an attractive rental rate of around £1 per square foot. This presents a cost-effective solution for our extensive operations.

With a dedicated team of six employees, including two full-time salespeople, a full-time engineer, an apprentice engineer, a warehouseman/cleaner, and a driver/warehouseman, we have built a robust operational structure. Additionally, our fleet includes two finance-based service vans and a fully paid futon box van.

Having worked in the industry for 13 years, I am now looking to pursue other interests, making this an opportune moment for a potential buyer. The business holds significant growth potential; with more engineers on board, we can increase our product offerings and readiness.

Currently, our website generates leads, but most sales are made through face-to-face interactions. This indicates a substantial opportunity to enhance our online sales conversion.

I am open to discussing this opportunity in detail with any interested buyers. Please note, no agencies should contact me.

Our comprehensive range of commercial kitchen equipment includes refrigeration units, cooking appliances, and food display solutions, all well-maintained and suitable for various catering needs. We offer energy-efficient models, aligning with cost-effective operation goals.

Established four years ago, I have owned this business for the same duration. We are strategically located near the motorway network, allowing us to serve clients nationally, with minimal nearby competition, particularly online.

The sale includes all office equipment, racking, warehouse equipment, and vans. We are also pleased to report a 10% increase in turnover compared to the previous year. The reason for selling is a personal shift in focus toward exploring new avenues.

Additonally, we have an established online presence with a functional website. I am more than willing to provide training and support to new owners to ensure a smooth transition.

This attractive commercial catering equipment supply business is for sale in a prime town center location in Cheltenham, Gloucestershire. The leasehold price is £450,000, with a current turnover of £900,000 and an annual rent of £49,776. All stock is included in the price, and accounts are available for review.

We invite offers and look forward to the opportunity to expand the business further with the right new owner.

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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.

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