Thriving Middlesbrough Catering Business with £500K+ Turnover for Sale
Middlesbrough, North Yorkshire
- Status
FOR SALE
- Date Submitted:
16/08/23
- Advert ID
518273
- Reference
178436703 / Rightbiz
- Call Agent:
- Leasehold: £155,000
- Rent: £10,000
- Turnover: On request
- Net Profit: On request
Business Details
CATERING BUSINESS FOR SALE
Parker Barras are pleased to bring to the market, this thriving business, which has been operated by the same owners for over 20 years, with year on year increase in sales.
Operating from a base in Middlesbrough, offering freshly prepared baked goods for retail in store, outside catering, offering buffets via corporate functions / private events, with additional sales generated through 3 Jiffy delivery trucks, which have set rounds.
The business is fully staff run with the owner having little day to day involvement. The business has 10 staff who are predominantly part time.
The business trades 6 days per week Monday – Friday 6am – 2pm and Saturday 8am – 2pm, for only 50 weeks of the year, closing for the Christmas holidays.
It has been awarded a 5 star hygiene rating and constantly receives glowing reviews online.
Very limited marketing takes place and scope for growth is available by increasing marketing, increased opening hours and opening 52 weeks per year.
Very healthy turnover in excess of £500,000, accounts available to serious buyers.
(The business premise can be rented for £10,000 per annum on a new lease for a term to be agreed or alternatively the freehold can be bought for £110,000)
Business for sale £155,000
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Listing Statistics
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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.
Be safe, use a Rightbiz Solicitor
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