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Highly Successful China Hire Company In Tewkesbury For Sale

Tewkesbury, Gloucestershire, UK
Asking Price:
£75,000
Turnover:
£50K - £100K
Net Profit:
Not applicable

We are pleased to offer for sale this small, but highly successful, china hire company.

Offering a variety of ranges of china, cutlery, glasses and catering equipment to a loyal customer base of caterers, function organisers and weddings.

The company current operates from a leased warehouse (Lease subject to renegotiation with a very accommodating landlord) and includes circa £250k of stock (at replacement value), 3 x delivery vans and an industrial 'Hobart' dishwashing machine.

The current owner has clawed the business back from near post covid bankruptcy to a successful business now on the cusp of breaking even. To take the business to its next level some investment will be needed in stock and vans and a clear and objective business plan including an understanding of social media / marketing and advertising.

This is a great time to buy at the beginning of the working season

A change of circumstance including the death of the owners father plus deteriorating health has caused the owner to look at his current life style.

Property Information

Property:

Leasehold

Location:

The business is currently located on a small industrial estate on the outskirts of Tewkesbury

Premises Details:

The warehouse is leased on a non fixed term lease with no person or commercial guarantee's. The landlord is on site and is extremely helpful.

Business Operation

Expansion Potential:

The business can benefit from investment in stock and the three vans - they are all old but exceptionally reliable. An understanding of marketing and social media would enable new caterers and venues to be targeted to compliment the existing extensive data base of clients.

Reasons for selling:

We bought the business upon our return from 7 years in france. Now are health is becoming a factor in our lives

Trading hours:

Monday - Friday 08:00 to 17:00.
Weekends at the descension of the owner.

Employees:
2-3
Years established:
The comany history is extensive

Other Information

Support & training:

The existing owner will remain in contact as longs as appropriate and assist where required

Furniture / Fixtures value:
£50,000
Inventory / Stock value:
£290,000
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