Morton Christie Ltd exclusively offers for sale a business that has developed a strong reputation providing pop up and street food at sporting and other events and festivals, in additional to (semi) permanent pitches in London. It has a full-time presence at some premium sporting and other venues in London, in addition supporting ad hoc events at many other prestigious venues including Cheltenham, Henley, Wimbledon etc
The business focuses on a limited high quality product range, allowing it to maintain the standard of its food while operating a streamlined supply chain.
The business operates from a number of high quality and branded converted container units and food trucks and employs a core staff of 3, in addition to ad hoc subcontract support when required.
The business has grown organically, without the need for advertising spend and is expected to exceed £1M turnover this year at very strong gross margins. Profits before owner drawings for the current year are expected to be c £125k.
The guide price sought by the Vendor for 100% of the shares of the Company is £350,000. The business will be sold on a debt free, cash free basis to include a Net Asset Value at Completion expected to be c. £120k. The business will be an attractive acquisition for larger trade buyers, potentially looking to extend their geographic / client reach or product range. It will also appeal individuals looking for a robust stand alone business with significant growth opportunities.
The vendor will provide appropriate handover support.
