Leasehold Catering Business Located in Sutton-in-Ashfield, Nottinghamshire. High turnover & profit. High-value assets, including a fleet of 8 vehicles. There is huge potential for further expansion. Managed remotely by the owner on short hours.
Veritas Business Sales are delighted to offer for sale this highly respected catering production business, which is located in the market town of Sutton-in-Ashfield, Nottinghamshire. The business was established in 1998 and has been in the careful hands of the current owner since 2000. The owner is now offering the business for sale so that they can enjoy a well-deserved retirement.
Since ownership, he has invested in top-of-the range catering equipment and high-value assets, including a vehicle fleet of 8 catering food trucks, which are all bought, paid for, and included within the sale price, which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. SP Foods is owner-operated (remotely) with the help of 7 full-time and 2 part-time loyal staff members and has an average annual turnover of £675k (net of VAT). More accounting information will be made available on the application.
This is a highly organised business operating from an exceptionally well-located and extensively equipped facility. The premises are professionally appointed and perfectly designed to facilitate efficient and streamlined operations. The business can be managed remotely, as the owner is not involved in production. The owner's working hours are relatively short, limited to Monday through Friday, ending at 14:00. They specialise in the manufacturing, preparation, distribution, and retail of a diverse range of snack foods, breakfast items, and sandwiches. They proudly serve a loyal client base that includes factories, offices, and various other businesses throughout Nottinghamshire. They have developed a highly regarded corporate and event catering service, benefiting from a strong brand identity that is extremely well known.
We believe that there is huge potential to increase trade by expanding production, growing the fleet of catering vans, and adding new delivery rounds. Additionally, the business has the potential to enter the private catering sector for events such as birthday parties, weddings, and special occasions. This is a superb opportunity to purchase an established business at a competitive price, prompted by our client's imminent retirement. Given the significant untapped potential, it represents excellent value for money, and as such, early viewing is highly recommended.
