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South West Specialist Catering Provider in Hampshire with Strong Cash Flow For Sale

Undisclosed, Hampshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    24/04/24

  • Advert ID

    610281

  • Reference

    50813 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: £1,156,000 (£22,231 Per week)
  • Net Profit: £274,000 (24% Profit margin)

Business Details

Under Offer: Specialist Catering Provider South West

Forecasted turnover for year-end 2024 is £1.2m
Forecasted adjusted EBITDA in excess of £270k.
The business provides schools meals to primary pupils in the region currently offering c.3,100 meals a day.
Well-established in the sector having provided school meals for around 20 years.
The company has a strong second tier management structure consisting of an operations manager and a catering manager who can operate autonomously.
Operating from a hub kitchen, the business can provide meals for schools with a degree of separation allowing the company to operate independently.
The firm has really strong cashflow with all schools paying in 6 weeks and operates with zero bad debt.
Kings Corporate are delighted to present Project Polly a specialist caterer based in the South West. The business is well-established and offers its products and services across the region. The vendors now wish to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant. Business is available on a leasehold basis.

Please contact us for further information using reference number or quote Project Polly.
Ref: 50813
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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Under Offer: Specialist Catering Provider South West - 50813 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.