Catering Equipment Hire Business in North East

Newcastle upon Tyne
REF: 02474

Asking Price:
£47,999
Annual Turnover:
£110,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 02474
Photo of Catering Equipment Hire Business in North East
Photo of Catering Equipment Hire Business in North East
Photo of Catering Equipment Hire Business in North East
Photo of Catering Equipment Hire Business in North East

Overview

Tenure:
Leasehold
Established:
1995
  • Excellent Reputation
  • Very Loyal Customer Base

This is a brilliant opportunity to acquire a successful business which has continually specialised in equipment hire for event catering and corporate functions since its establishment in 1995. Its friendly and professional customer service coupled with its wide range of stock has helped this business gain an excellent reputation and a large customer base. Having experienced consistent yearly growth, this is a profitable platform with huge potential for growth and is available for a new buyer to purchase on a leasehold agreement.

Working with a number of big brands, hotels and other establishments, this business offers a range of apparatus for private and corporate hire. Its product list includes: crockery, tables and chairs, cutlery, cooking equipment and also offers dance floor and linen hire. The business is capable of providing quotations and has developed an excellent reputation for its outstanding delivery and customer service. The business guarantees a reliable and timely service and offers an installation and set up service when required.

The business currently operates out of a large warehouse on a small industrial unit and is primarily used for storing the equipment. Comprised of two spacious rooms, the warehouse is fitted with industrial shelving and storage cupboards throughout and the facility holds a huge amount of furniture which is stacked neatly along the walls. All stock is kept in this warehouse space and the warehouse features a large shutter door for security purposes. The current vendors manage the administration work and website from home.

As well as this, the business operates a user-friendly website which showcases the produce.

Intelligent Business Transfer are pleased to offer for sale a well-known, high quality catering equipment hire business, popular amongst locals for its range of products and its exceptional customer service. Established in 1995, the current vendors took over operations in 2004, working hard to grow the product range and through maintaining low overheads, the business has generated an annual turnover in excess of £115,000.

A new owner could potentially increase stock to include more equipment which would appeal to a larger customer base. Employing more workers would allow the business to operate a more efficient delivery and collection service and would allow it to carry out work further afield.

Collaborating with a greater number of catering businesses would guarantee repeat custom and allow the business to increase its yearly revenue. As well as this, establishing a retail space to properly showcase the products to customers would attract further patronage. Furthermore, establishing an e-commerce website would allow customers to place orders efficiently online and by managing social media accounts, the business could increase exposure and showcase its produce.

Intelligent Business Transfer have been tasked with finding a suitable buyer with relevant industry experience or a keen interest in managing a catering equipment hire business who will seek to maximise growth and continue to provide solid customer service to the area.

Location

Property

Annual Rent
£8,508
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Year)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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