Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Business For Sale. Outside Catering Business With Growing Sales And Profits
LISTING DETAILS
Firms For Sale ID:
29032
Vendor reference:
BS 2126
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
Undisclosed
Furniture, fixtures, fittings and stock included.
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
£200,000 - £500,000
Net profit / cashflow:
Undisclosed
Years established:
4
Trading hours:
M – F 8 to 4; Sat 9 - ? (Depends on the wedding or event)
Number of employees:
3
OTHER DETAILS
Reason for selling:
The business requires an experienced hospitality professional to take it to the next level.
Support and training:
Owner will stay for a short time to hand over to the new owner
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease length:
5
Lease remaining:
1
Rent:
£11,400 per annum
BUSINESS DESCRIPTION
This successful outside catering business provides on-site catering services to private companies, public sector bodies, wedding parties, event organisers and private individuals. Typical catered events are:
- Corporate events – breakfasts, lunches, fork suppers, sandwich platters, cold buffets, barbeques and family fun days
- Functions - banquets (100 to 200 guests); canapés and champagne receptions
- Wedding receptions – fine dining for 120 to 200 guests
- Large event catering e.g. Music Festival (c. 8,000 portions served over a weekend)
- Fine dining for private functions
Expansion Potential
Weddings
One of the key growth areas over the next few years is wedding catering. More independent venues are opening up and increasing numbers of couples are seeking a more bespoke wedding experience different from the traditional hotel offering.
Corporate Customers
There is a huge amount of corporate catering business available in the Greater Belfast area on a day-to-day repeat basis. Corporate customers want to impress THEIR customers / clients. By offering a bespoke service and paying a lot of attention to detail, staff have found that corporate customers are happy to pay a premium for their services.
Home Catering
Over the last year the company has seen real growth in private catering at customers’ own homes. The plan is to grow this part of the business.
Market / Competition / Non-Competition Agreements
There is one strong direct competitor and two other direct competitors with poorer offerings.