London's Profitable Picnic, Events & Catering Business with £400K Turnover for Sale
City of London, London
- Status
FOR SALE
- Date Submitted:
03/10/23
- Advert ID
600595
- Reference
636 / Rightbiz
- Call Agent:
- Turnover: £400,000 (£7,692 Per week)
- Net Profit: £75,000 (19% Profit margin)
Key Features
- Accounts Available
Business Details
Profitable Picnic, Events and Catering Business in London for sale
Commercial Road is pleased to bring to market a highly successful events and catering business in London. The Luxury Picnic Company launched in 2020 during the height of lockdown and since its inception the business has experienced significant growth and has achieved strong profits year on year. With luxury picnics growing in popularity, The Luxury Picnic Company enjoys majority market share of this space and is ranked first on Google for many of the most searched terms relating to picnics. As such 90% of the business leads are generated via the website and the other 10% comes via Instagram.
The Luxury Picnic Company has seen YOY growth (50%) in 2022 and (21%) in 2023 and has a current turnover of just under £400K for 2023 and an average Net Profit of £75K.
In 2023 the business enjoyed over 1000 event enquiries via the website and Instagram, of which 23% converted. The Luxury Picnic Company also have many repeat customers including Google, Youtube, Universal Music, Canva, The FA and many more.
This is an incredible business to buy and operate either on its own or as part of a bigger portfolio of events and catering businesses. The business has no liabilities and operates on a low cost base. The current owners are also open to offering a handover period and training if required.
The business sale includes:
- Event Equipment
- Customer Data Base
- Website with online enquiry form and online sales platform
- Instagram with 10K followers
- Bank of imagery and video content
- Recipes for all menus
- Marketing material
As well as picnic events, the company also specialise in:
· Indoor events & catering
· Grazing tables
· Picnic hamper production for large scale events
· Online sales via their established website of picnic hampers for smaller events
· Corporate gifting & brand projects
The owners now seek new beginnings and therefore this little gem is up for grabs. For more information about the business and its operations please reach out to Peter at Commercial Road.
Contact Agent
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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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