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Established Solihull Catering Business with Freehold Property For Sale

Solihull, West Midlands

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    13/03/23

  • Advert ID

    509762

  • Reference

    2838 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £495,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Freehold Contract Caterers Located In The Solihull Area

Freehold Contract Caterers located in the Solihull area.

The family business was established by our client back in 1994 is only now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership they have secured a well appointed freehold property which is approximately (3,000 sq ft) and there has been continual investment in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated with a team of 4 full time & 4 part time members of staff and for year ending 31st July 2022 posted an annual turnover of £414,512 with a GP of £227,110 (55%). They supply hot lunches to early years and nursery schools. Approximately 90% of trade is within a 10 mile radius. The other 10% covers parts of Warwickshire, Worcestershire and the West Midlands.
We believe that there is potential to increase trade by expanding into other academic schools and maybe branching into corporate catering. They have built a strong reputation within the industry and have a valuable client base. This is a superb opportunity for an existing catering company to expand by acquisition and as such early viewing is highly recommended.

More information on application.

EPC Rating E
Read more

Contact Agent

Contact the seller for more details, or book a viewing

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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.

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

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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.

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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.

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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.

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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 'Freehold Contract Caterers Located In The Solihull Area - 2838 / 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.