Business description

This highly successful and growing business was established by its directors in 1981 as an outside catering business, providing buffets for weddings and conferences. This still plays an important part in its revenue stream and it now caters for events with up to one thousand covers providing not only the food but also the china, linen, cutlery and glassware as required. It has a number of high profile clients and is the main caterer for one of the largest showgrounds in the county. Other educational institutions have enlisted the company as sole provider for its lunchtime catering. In the majority of situations food is prepared and cooked on site but when sites or venues do not lend themselves to food production the meals are cooked off site and shipped hot boxed and ready for serving.

Having established itself the business diversified into the pastie market. This has been extremely successful and it now wholesales a variety of pasties, pies sausage rolls tapas and canapes to a customer base across the county and beyond. All wholesale products are ordered by the pallet load and can be delivered chilled or frozen depending on the customers requirements. The wide product range is manufactured using local ingredients wherever possible and is aimed at the top end of the quality market.

Customer Service:

The quality and variety of the products has resulted in the steady growth of the business. This is supported by a well established team providing unobtrusive customer care

Key Strengths:

Well established
Financially sound
Excellent staff
Broad product range

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. The company enjoys a turnover of circa £550,000 with gross profits in the region of £340,000.

Property information

Property:

Freehold

Location:

One leasehold unit containing a retail outlet selling sandwiches, pies, cakes and baguettes. The lease has a further ten years to run with an annual rental of £5800 per annum.
The second unit is freehold and is valued at circa £150,000. There is an additional plot also available that would facilitate any further expansion The unit could be purchased or leased at a figure to be agreed as part of the purchase negotiations.

Other information

Expansion potential:

The company has already established a trading relationship with a number of large national wholesalers and supermarkets. This can be further developed to include additional products and greater volumes.

Competition / Market:

The business has a comprehensive website and advertises in a regional food magazine , local press and in farm shops across the region.

Support & training:

Both partners are very keen to see the business continue to flourish and will facilitate a comprehensive handover to the purchasers for a period to be agreed as part of the overall negotiations

Reasons for selling:

The partners have spent the last twenty eight years building the business into the success it is today. They would now like to pass it on to a new generation of owners to take it to the next logical step in its growth.