Ilford Catering Business Seeks 50% Partner - Established, £250k+ Gross Income, 1300 sq ft Space
Ilford, London
- Status
FOR SALE
- Date Submitted:
30/01/22
- Advert ID
289687
- Leasehold: £45,000
- Turnover: £250,000 (£4,808 Per week)
- Net Profit: On request
Key Features
- With Car Park
- Accounts Available
- Adjacent to Multiple Retailers
- High Turnover
- Attractive Business
- Close to Local Amenities
- Company for Sale
- Fully Fitted
- Offers Invited
- Planning Consent Available
Business Details
Catering Company in Ilford for 50% partnership
Well-established catering business for sale
The company has been established in 2002. The gross income is over £250,000. It is spread across an area of 1,300 sq ft. It comprises an office, toilet and a storage area.
Equipment:-
- A walk-in cooler
- two Double door fridges1
- A 6-burner gas cooker
- A double gas oven
- An electric deep fryer
- An extractor
- An electric cheese chopper
- An electric blender
- A commercial tin opener
- A gas boiler
- four commercial sinks and two hand sinks
- Stainless steel tables and shelves
- Equipped office with desktop, sound, printer and telephone with broadband.
- Toilet
- A storage area
- three parking spaces plus three extra parking permits.
- Accounts, billing and stocks are all well-organised.
- Delivery coolers and trolleys
- All necessary tools available
- Fire extinguishers with certificate ends October 2022.
- Pest control certificate ends November 2022
- 4-star rating certificate ends November 2022.
- First aid kit
- two large and one small deep freezer
- Washing machine
- Website, Facebook and Instagram account.
- All payments made up to date, everything is fully paid for, no loans.
- four POS terminals
- Seven parking spaces
The tangibles like fixtures and equipment are worth around £15,000.
Stock: Worth £2,000.
Vehicles:-
- Van, Suzuki Carrier 2003,
- Van, Citroen Berlingo 2006
- Van, Citroen Berlingo 2007
- Van, Citroen Berlingo 2010
All vehicles have, Mot, taxed and insured, and all vans have company logo stickers.
Establishment date
Established since 2002
Employees
There are four lady drivers and two kitchen cook workers. They are all on a part-time basis and most has been working for over 17 years.
Salaries
£4,900
Turnover
2020 showed an income of around £180,000.2021 not done yet,2022 is estimated to hit over 250,000. A new cuisine can be introduced since the sandwich rounds take only four hours of work in the morning. The kitchen is then empty all day. One or two extra kitchen spaces can be rented out. It will add thousands of pounds every month.
Gross food expenses
24% of the total sales
Income
- Sandwich round in the morning. All four drivers' morning rounds bring in around £800 gross daily.
- Event and catering bring on an average another £150 daily.
The orders come from schools, train workers, building sites, police stations etc. Some invoices exceed £6,000 per order, the accounts are available on request.
Opening hours
The sandwich round preparation takes two ladies working from five am till nine pm. Then four ladies deliver from nine am till one pm, Monday to Friday.
Lease
It is a renewable lease till October 2024. The area is 1,300 sq. ft comprising six parking spaces at £2,080 a month.
Rate
Exempt from rates
Standing bills
There are no standing bills. I am up to date with all payments, suppliers, accountant, tax and utilities etc.
Reason for partnership
To be able to find a responsible management so we can inter exchange more times off.
Get in touch for more information.
Map
What's Nearby
Listing Statistics
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Contact seller
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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