Business Overview:
Crocs Catering Equipment Hire, a very long-established catering equipment hire business located in Essex, which has built an exceptional long-standing reputation over its 40 years of operation. The business is now available for sale solely due to the owner’s decision to now retire.
Additionally, the current owner is offering an extensive handover period, as well as an ongoing p/t consultancy role if desired.
Key Highlights:
• Established History: Over 40 years in operation with an excellent reputation within Essex and surrounding areas. The company is known for providing a quality service and has gained a substantial amount of business from strong word-of-mouth recommendations.
• Customer Base: Has garnered a loyal and wide-ranging customer base including large and small catering organisations, local businesses, and private customers. Clients are mostly caterers operating in a range of sectors within Events & Hospitality, Health & Education, Industry & Commerce and Retail. Along with individuals catering for their own functions.
• Stock: Extensive inventory including crockery, cutlery, glasses, fridges, ovens, barbecues, tables, chairs, and more, valued at approximately £150k.
• Operations: Well-equipped with a capable hire system and organised operations.
• Seasonal Lucrativeness: Year-round market potential, particularly busy and profitable throughout the summer season.
• Support Transition: Comprehensive handover with guidance to ensure smooth transition and additional offer for longer term consultancy role post-retirement
Opportunities for Growth:
• Cross-market potential: Opportunity to expand the business beyond events and hospitality.
• Geographical Expansion: Potential to extend services to wider areas beyond the current operational boundaries.
• Relocatable: Offers a great opportunity as a 'bolt on' to another business in the sector of Events & Hospitality, Marquee Hire, Catering Operation
• Marketing Initiatives: Increase marketing efforts to attract new customers and expand the business
further.
Financial Profile:
• Turnover: As per the 2023 accounts, the business generated a turnover of approximately £95,000 and healthy operating profits (EBITDA).
• Further Financials: Additional financial details can be made available upon request.
Contact Charlotte Arden at New Broad Street to discuss further details
