Extremely Well Established Corporate Hospitality Business For Sale in West Midlands County- Business 4 Sale .co.uk

Business Summary

HISTORY

• The business was founded by the present vendor over 13 years ago, during which time he has built up an enviable reputation for supplying quality fayre at a reasonable price

REASON FOR SALE

• The business is only now being reluctantly offered for sale as the vendor wishes to retire

PRODUCTS

• Freshly prepared corporate hospitality buffet lunches account for approximately 60% of sales
• Conference facility contracts are circa 30% of sales
• Food vending contracts are approximately 10% of sales

CUSTOMERS

• Almost exclusively the business only deals with major blue chip customers, the majority of which are well known household names

PREMISES

• Very well presented detached premises arranged over 2 floors with circa 4,500 square feet and briefly comprising:
o Ground floor: reception area with 2 reproduction antique sofas, occasional tables and display boards, production office, production kitchen with:
o Industrial cooker 6 burner
o Industrial grill
o Industrial fryers
o Convection oven
o Gravity feed slicing machine
o Industrial food mixer
o Industrial pass through dish washer
o Stainless steel tabling, sinks etc
o 4 x 20 cubic foot stainless steel fridges
o 3 x 20 cubic foot stainless steel freezers
o Stainless steel racking
o Dispatch
o 2 x 20 cubic foot stainless steel freezers
o 3 x 30 cubic foot fridges
o Steel racking
• Stairs to first floor with:
o Side finance office
o Large storage area with stainless steel and metal racking with:
o 7 soup kettles
o 6 kenco / flavia coffee machines
o 8 chaffer dishes and sufficient crockery
o Cutlery
o Glassware and service platters for 200 covers
o Off site storage with:
o 2 pour and serve coffee machines
o 2 x 15 cubic feet fridges
o 1 refrigerated display case
o Assorted cutlery, crockery etc for 80 covers

STRENGTHS

• An extremely well established business which has been trading for over 13 years
• Spacious detached premises with a very reasonable rent for its size of only £14,000 per annum
• Excellent customer reputation with a high repeat and referral rate
• Outstanding customer database which consists almost exclusively of blue chip household names
• Consistent net annual sales of approximately £350,000 which is producing reconstituted net profits in the region of £42,000 per annum

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property Information

	Property:	Leasehold

	Lease Terms:	• Leasehold • Original lease: 10 years • Remaining lease: 2.5 years • Review every: 5 years • Rent: £14000 per annum • Rates: £5,690 per annum

	Living Accommodation:	No

	Location:	• The business is located in a popular area of Birmingham close to the M5, M6 and M42 motorway networks which enables good customer delivery times

Growth Potential

• Whilst already a successful business it does still offer excellent potential to increase both sales and profits in the short term by:
1. Access the many outside catering events which are presently turned away
2. Do outside sandwich rounds to the many nearby factory units and industrial estates
3. Approach local schools to do any catering
4. Do weddings, wakes, christenings and parties local to the area

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Summary of Business Hours

• Weekdays 6.30am to 3.00pm
• Plus occasional weekend work as required

Summary of Staffing

• The business employs 6 full time staff and 3 part time who work approximately 16 hours per week each
• All the employees are on nil basic hours contracts
• In addition, the vendor works full time with his wife who works approximately one day a week

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