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CH099 -Events Catering Company, with growing in-house range of speciality foods

Asking Price: GBP 295000
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Business Location: United Kingdom » City of London » Heathrow, West London 
Category: Food » Catering Services
Description:
Events Catering Company, with growing in-house range of speciality foods
Ref.CH099
Location Heathrow, West London
Asking Price £295,000
This multi-facited business has roots in events and catering going back over 27 years. The business handles the full planning of weddings and events, from acquiring 5 star countryside locations, through arranging marquees, lighting, music and bands, floral displays and a full range of in-house catering services. Over the years the vendors have handled some major engagements, and as such have built an exceptional reputation, which draws many clients to business through recommendation and referral. This means there is a constant forward book of events planned year to year, and healthy stable turnover.

Alongside the core events and catering business, the vendors have developed a number of exiting new avenues of business with exceptional growth potential. This includes an in-house catering school, local corporate catering services, and a range of branded pre-prepared speciality food products which are now being distributed to a range of wholesalers and retailers.

The business has tended to focus on events and weddings looking for speciality ethnic catering, but with a reputation for the full planning of events, the catering services can easily be applied to a broader range of customer. The business owners have built a firm with a strong market presence, stable core workforce and large team of professional casual workers to call on, and all the equipment and facilities required to provide a full service. Over the years the business has also built invaluable connections with complimentary service companies which the vendors are looking to handover to the new owners of the business.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue		 500000
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area: N.A.
Year Established: 1983
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 08
No of trading hours: Monday – Friday: 9:00 am – 6:00 pm with regular appointments out of hours.
Reasons for selling:
 The owners wish to retire, hand over a thriving going concern and hope that the business will flourish and prosper as a legacy to years of dedication.
Market competition and expansion:
 Alongside the newly developed website, the business has conducted regular advertising over the years by way of brochures and leafleting. The majority of the event business has been built on recommendation and referral due to the quality of service.
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