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Cafe & Catering Business In Leicester For Sale

Leicester, Leicestershire
Asking Price:
£200K - £500K Furniture / Fixtures included
Turnover:
£500,000
Net Profit:
£100,000

Peppercorn Catering Ltd is an award-winning Cafe & Catering business comprising 6 business outlets across Leicestershire, all profitable. This young energetic business has been providing home-made food of an exceptional quality for over 12 years. The company has achieved success partly due to the quality of the offerings, word of mouth and developing a prestigious reputation. It holds a prime position as a quality supplier. Sales are running at over £500,000 and gross margin is consistently high at over 75%. Current growth is 20% per annum. The owner has 100% shares in the business and is only selling owing to the diagnosis of a lifelong health condition. Owing to this a quick sale is essential.

This ready-made successful business is run by the owner and supported by 4 Managers and a 3 man administration & finance team. They provide extensive outside catering including weddings, funerals, afternoon teas, children’s parties, and provide tableware, glassware hire and waitress service. They sell a range of cold finger & fork buffets using quality locally sourced ingredients (where possible). All cakes & savouries are home-made. The Peppercorns Cafes offer a range of breakfasts & light lunches, drinks and snacks, in addition to home-made cakes & savouries. One major strength is security provided by the diverse sales base. Senior staff can run the business independently of the owner.

The company owns 2 branded vans and all of the assets of the different locations are owned by the company and included in this offer for sale. Fixed assets are valued at £150,000 in the accounts. Sales remain stable around £500,000 with profitability increasing following efficiency improvements.

Peppercorns is an established business with a good name across Leicestershire. There is a comprehensive website and also two aspects of the business not developed in full yet - Peppercorn Pets & Peppercorns by Post.

The business has been valued at £550,000 (representing just under 5 years of profit at current rates) and offers are invited for a quick sale. Much of the revenue is cash (around 60%) and control of staff is important within the retail outlets. Partial sales are not offered because of the health reason for selling. Similarly, the company will not be sold with phased payment plans.

Property Information

Property:

Leasehold

Location:

Cafes in Anstey, Abbey Park, Mountsorrel & double decker Bus Cafe at Outwoods. Tapas Restaurant & Catering business in Anstey.

Premises Details:

All leasehold

Business Operation

Expansion Potential:

Tons of potential. Development of dog treat business & traybakes by post. Expansion of the tapas restaurant. More potential for private hire of the bus cafe. Events at all cafes.

Reasons for selling:

Ill health

Trading hours:

364 days per year

Employees:
25
Years established:
12.5

Other Information

Furniture / Fixtures value:
£150,000 - included in the asking price
Website:
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