The Business Partnership are very excited to be marketing for sale, this premium catering company delivering office buffets, weddings, corporate events and family parties.
Full service catering facility utilising seasonally inspired local foods.
Bespoke menus for wedding clients can feature a range of options, from plated banquets for 200 people to spit roasts and wood-fired pizza.
There is also a unique, recently refurbished meeting, dining and event space to the first floor, accommodating up to 120 people.
Other revenue streams include outside catering services, hampers of locally sourced artisan foods and other gift products.
Breakdown of revenue is approximately an even 1/3 split between Corporate Events, Weddings and everything else.
The business has contracts with key City institutions which provides access to all departments and to the corporate events and weddings spaces operated by them. In addition, they are preferred suppliers to a large number of local venues and have close relationships with local wedding planners and event management companies.
Average headline figures for recent years are T/O £473k, GP £386k and ANP £284k (prior to director’s costs). The current financial year has shown an incredible bounce-back from the Covid restrictions with T/O in excess of £100k after only 2 months of trading. This growth is showing no signs of abating.
The business operates from superbly appointed premises in an ideal location close to the city centre, university and other major attractions.
The business is managed by 3 Directors with a professional team of staff. All directors open to exiting the business or staying for a negotiable period as required by a purchaser.
For Further Information, please click through or contact The Business Partnership directly.
Key features:
- High Quality Wedding, Corporate Events and Celebration Venue
- Premium Catering Company Renowned for Seasonally Inspired Local Produce
- Showing Excellent Growth Since the Covid Lockdowns
- Average T/O £470k - Currently Trading at £50k+ per Month
- Business Contracts with Key City Institutions
- Management Team in Place
- Highly Trained Loyal Team of Staff
- Premises Available Leasehold or Freehold
- Retirement Sale!!
