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AC113-£600,000-High Quality Caterers

Asking Price: GBP 600000
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Business Location: United Kingdom » Others » North of London 
Category: Food » Catering Services
Description:
High Quality Caterers
Superb City of London Venues


Confidentially offered for sale
Ref No: AC113
Location: North of London
Asking price: £600,000
This first class business was established by the current owners in 2005 with a generous combination of entrepreneurial spirit and market know how. Since that time it has developed rapidly, averaging circa 50% annual growth. Turnover in the year to March 2008 is confidently expected to exceed £500,000. Annual sales in the year to March 2009 will exceed £740,000. High gross and net margins are enjoyed.

Offering high quality catering with exemplary levels of service, the company delivers services through three main channels to market, which are as follows:

· Corporate – arranging dinners at typically conferences, media events etc. for large organisations. The business has exclusive arrangments with a number of excellent London venues.
· Livery Companies – the business is a ‘preferred supplier’ for catering services at two City of London Livery Companies and is further listed as one of a number of suppliers at seven more.
· Private Catering – providing upmarket catering services at weddings, anniversaries, birthdays etc
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 2005
Is Relocatable?:
Yes
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Reasons for selling:
The current owners are looking to dispose of their interest in the business to enable them to focus on other activities away from the direct catering sector.
Market competition and expansion:
The company recognised from the outset the importance of advertising and marketing in the development of the brand and in generation of new business opportunities. An excellent website serves as the main ‘shop window’ for the company, although, of course, much new business is now obtained through referrals and direct ‘word of mouth’ recommendation
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