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5 Star Quality Mobile And Corporate Catering Business For Sale

Corby, Northamptonshire
Asking Price:
£399,950
Sales Revenue:
£662,000
Cash Flow:
£145,000

Exceptionally profitable mobile and corporate catering company, established 30 years with excellent reputation for top quality food and customer service. Wide spread of loyal clients in major East Midlands town, year on year growth with still great potential for further expansion and diversification from the well-equipped professional commercial kitchen base.

Property information

Property:

Leasehold

Lease Terms:

The current Tenancy Agreement is that of holding over (under the conditions of The Landlord & Tenant Act) under the terms of the original lease 22 December 1988 - in effect a one month rolling scenario. The landlord is more than happy to sign longer lease to potential buyer.

Leasehold Rent:

£7,000 per annum

Location:

The business is located in the heart of the large industrial and commercial areas of Corby, close to many blue chip companies including key client Tata Steel (formerly Corby British Steel).

Premises Details:

The single storey brick-built premises comprise two main sections. The main commercial kitchen with walk-in freezer and cold room serving the 4 mobile van units and the corporate buffet business. Access is via a staff entrance and large roller shutter door for loading the vans and receiving incoming goods. The 22-seat café diner has a separate entrance for customers and is linked to the main kitchen and common wash-up area.

Size in square feet:
1,500

Business Operation

Expansion Potential:

The Corby industrial and commercial areas are still growing and similar areas in nearby towns offer further potential business in both the mobile and corporate catering sectors. Diversification into events catering (weddings, funerals, business promotions, etc.) can be easily achieved utilising the spare capacity of the existing two kitchens. The ageing website is ripe for re-development and a future owner can take advantage of the yet unused social media platforms, Facebook, Twitter, etc.

Competition / Market:

There are only 2 other mobile units (each from a separate company) operating in the Corby area, both of which have a limited range of products by comparison to this business.

Reasons for selling:

Owner wishes to retire on her 65th birthday later this year.

Trading hours:

5.30am to 3.00pm Monday to Friday only

Employees:
9
Years established:
30

Other Information

Support & training:

The owner is prepared to offer 2 months' handover and training support to the potential buyer.

Furniture / Fixtures value:
£154,000
Inventory / Stock value:
£5,000

Contact Information

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