Business description

Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before.

This outside catering company has been providing its package of high end services for 30+ years and under the careful and skilful stewardship of its current owners for the past seven years.

The company’s approach to providing event catering is somewhat different to other companies in the same sector. Their business model has been built on providing the highest possible quality and choice for the given price, therefore placing their services and reputation at the very high end of the scale.

This focused and dynamic approach has brought the company an enviable client base of “Blue Chip” companies, society weddings etc. with very high percentage referral rates. The company also enjoys preferred supplier status with several key venues.

The company enjoys an excellent reputation for quality, consistency and professionalism. They are also proud to maintain their high standards through a proactive response to customer feedback. The company’s service offerings are also augmented by their large and impressive premises, which include their large and well fitted kitchens.

Through their choice to retire the owners are now presenting an excellent opportunity to perhaps another significant player in the same sector, where diversity and geographical location would be seen to be a significant attractant. The added benefits of overhead amortization etc. would increase base line profitability, and place the new owner at the forefront of the market in this sector, with a ready made high end client base and bolt on turnover and profits.

The business is turnkey ready, and the principals have indicated their possible willingness to consider an extended period of retention on a part time basis, if required and by separate negotiation.

Equipment:

The company owns and maintains, as expected, an impressive inventory of machinery, equipment and tableware, plus many other items necessary for the smooth flowing of the daily operations of the company.

All such inventory is expected to be included in a successful sales package.

Customer Service:

The company’s diligent efforts and strict quality maintenance controls have placed their customer services and reputation at the very pinnacle of customer service reputation.


Key Strengths:

The key strength of this company must surely be the solid business platform that has been created for the future and their ability to deliver quality and great style at a consistent standard that has borne their reputation to a high level for many years.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Property information

Property:

Leasehold

Lease terms:

The current leasehold arrangement expires in 2010, and current annual rental comes in at circa £40,000 (with a sub-let of circa £15,000 to subtract). Rates are believed to come in at circa £15,000 per annum.

Location:

The company’s premises are larger (circa. 9,000square feet) and more impressive than often seen in this business sector, and include their large Kitchen and preparation area, Offices, Equipment rooms and 4 loading bays.

The current leasehold arrangement expires in 2010, and current annual rental comes in at circa £40,000 (with a sub-let of circa £15,000 to subtract). Rates are believed to come in at circa £15,000 per annum.

Other information

Competition / Market:

The company has designed and maintains an elegant and easy to navigate Internet website, plus they also advertise in Trade and Wedding related magazines.

Support & training:

Full support and any necessary training will be provided during handover as part of a successful sale package.

Reasons for selling:

As mentioned earlier, this is a genuine retirement sale.

Trading hours:

Monday – Friday: 9.00am – 5.30pm
Additional weekend hours when required