| (REF: CH057) Retail and Wholesale Supplier of Catering Equipment to the Restaurants |
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| Seller Reference: |
CH057 |
| B4S Reference: |
17153 |
| Asking Price: |
£89,000
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| Net Profit: |
£45,000 |
| Sales Revenue: |
£342,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
North London, North London, United Kingdom |
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Established in 2003, this business is one of London’s leading suppliers of catering equipment. Whilst the business sells a little into the retail market the overwhelming majority of sales are to the catering trade. Having originally built its reputation with a commercial toaster, its extensive range now encompasses everything a modern commercial kitchen would ever need – from burger presses to waffle and pizza ovens and everything in between including contact grills, crepe machines, charcoal grills, hot plates, ovens, slicers and lots more besides. Such is the extent of the range and the demand amongst catering outlets for these products you would be hard pressed to find a High Street in the UK with restaurants, hotels, coffee bars or high volume food outlets – including some of the world’s most famous brands - without a product from this business. And it’s not only in the UK where this business has established its reputation, indeed importing an imposing variety of stock from Turkey.
This business’s excellent reputation is built on awareness of its brands, very high standards of craftsmanship, product durability and stylish design, with products continuously updated to incorporate the latest technology and ergonomic designs to enable chefs to maintain the very highest standards. Every machine is assembled comes complete with a generous warranty – reflecting the confidence this business has in its capabilities and its suppliers. This together with outstanding reliability and very high levels of customer service – a next day fix or replace service is in place for several prestigious, high volume chains - ensures a constant demand from new and existing customers.
Current turnover is circa £342,000, generating a gross profit of £102,000, this business represents an excellent opportunity for any organization to extend its activities into the commercial and retail catering sector or an existing operator seeking to establish a foothold in the London market.
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Property: |
Leasehold |
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Lease Terms: |
The business operates from leasehold premises with nine years remaining on the existing lease. Annual rent is charged at £12,000 per annum, with rates charged additionally at £3,400 per annum.The premises, which are fully air conditioned; occupy a prime corner position on a main road in north London. The property measures circa 850 square foot of fully fitted showroom with an additional 850 square foot basement stockroom. |
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Living Accommodation: |
No |
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The Company is highly credible. Its most effective form of advertising is its performance with its Clients. Customer satisfaction results in repeat bookings and high levels of service at high profile events encourages attendees to book this business or recommend it to friends, colleagues and associates.
The business has a professional informative website, and currently advertises through local Turkish press and the Yellow Pages. The company also produces a full colour brochure and regularly undertakes direct mail shots to over 5,000 regular active clients. With so many aspects to the business there are always ample opportunities to cross promote their services not only to the Client but also to other event attendees and suppliers etc
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The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs. |
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Full support, training and handover will be provided to the successful purchaser if required. |
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The current owner is starting a family and moving from London following the sale of the business. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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9.00 am – 6.00 pm Monday – Friday
9.00 am – 5.00 pm Saturday
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This business is owner run with three employees. Fitters for full commercial kitchens are sub contracted. |
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