Long-Established Outside Catering Business In Milton Keynes For Sale

Milton Keynes, Buckinghamshire, UK

Asking Price:: £75,000

Turnover:: £140,175

Net Profit:: Available on request

This is an opportunity to acquire a long established outside catering business, established by the vendors in 2010, located on an industrial estate on the outskirts of Milton Keynes, Buckinghamshire. The business is now offered for sale after 13 years of trading. This long-established, highly reputable and very profitable outside catering concern, offers potential for further development in the hands of enthusiastic new owners.

Key features:
- Long established business - owned by vendors since 2010
- 90%-95% of income generated from corporate buffet work with scope to develop private outside catering work (celebrations and funerals)
- Around 50 regular clients - all located approximately 20 minutes drive of the production facility
- Cold buffets only - for ease of preparation and delivery
- Strong recovery from covid pandemic - net sales year to 31st march 2023£140,175 with high profits generated
- Excellent reputation for the quality of catering
- Around 1,000 recipes will be passed to new owner with handover period available if required - vendor also willing to work part-time for new owner and pass on over 50 years catering experience
- Five day trading Monday to Friday
- Leasehold – at very modest rent £7,000 per annum plus vat
- Two sign written refrigerated vans available by way of separate transaction

Property Information

Property:: Leasehold

Lease Terms:

The premises are held on a five-year lease from February 2021. Annual rent £6,439 per annum plus VAT. Rent is fixed for a five year term. The lease is granted on proportionate fully repairing and insuring terms and is subject to a service charge.

Subject to the status of the assignee, the landlord may request a rent deposit equivalent to 3 or 6 months’ annual rental to be held for the duration of the lease. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Location:: Located on an industrial estate on the outskirts of Milton Keynes, Buckinghamshire

Premises Details:: The business operates from a very well presented and equipped light industrial unit which provides a main preparation area approximating 270 ft.², office/administrative area 91 ft.², rear kitchen 92 ft.² and a toilet. There are also three parking spaces.