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Leading Catering And Event Hire Equipment Company In Somerset For Sale

Somerset, UK
Asking Price:
£400,000 Furniture / Fixtures included
Turnover:
£530,000
Net Profit:
£100K - £250K

Exciting opportunity to own a successful, extremely well equipped and superbly organised event hire business, with sales in excess of £530,000.

Stock assets estimated in the region of £500,000 would also form part of the sale, plus all plant, machinery and vehicles.

The company has successfully built a large trade client base which includes a vast variety of catering organisations and popular venues spanning the South West providing a high volume of regular, repeat business.

A strong online presence via well-developed optimised website also ensures private customers provide a regular source of income.

Turnover in excess of £530,000 for 2023, on target to achieve in excess of £600,000 for 2024. Gross Profit Margins of 90%.

Building on their impressive service offering, and well developed network, there is a strong order book and pipeline of opportunities for 2024, 2025 and beyond.

The business has a slick and smooth operation, with well-sorted and organised stock and a capable hire system developed over many years. Goods provided include crockery, cutlery, glasses, plus major items such as fridges, ovens, barbecues, tables and chairs, and more. All stock to form part of sale, estimated to be worth in region of £500,000.

This would be an ideal bolt-on for an existing hire business, or as a profitable addition to companies offering linen hire, wedding planning, event catering and marquee hire.

Operates from well positioned central Bristol leasehold warehouse site spanning 11,000 sq ft .

Property Information

Property:

Leasehold

Lease Terms:

New lease to be negotiated on sale

Leasehold Rent:

£65,000 per annum

Location:

Central Bristol location, well positioned to cover the South West and beyond

Premises Details:

Operates from well positioned central Bristol leasehold warehouse site spanning 11,000 sq ft .

Size in square feet:
11,000 sq ft

Business Operation

Reasons for selling:

Retirement

Trading hours:

9am - 4pm Monday to Friday

Years established:
6

Other Information

Furniture / Fixtures value:
£35,000 - included in the asking price
Inventory / Stock value:
£500,000
Relocatable:
This business can be relocated.