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Event Catering Hire Business in Gloucestershire

Gloucestershire

Advert ref: 1790JMH

Business Partnership is pleased to have been appointed as sole selling agent in order to seek a purchaser for this very well established business, which originally commenced trading in 2000.

This specialist hire company provides a complete hire service to caterers, hotels and private clients alike. The business offers for hire a huge array of cutlery, glassware, kitchen equipment and even furniture, together with a selection of table linen and matching napkins and seat and chair covers and decorations.

The business prides itself on being able to supply everything from teaspoons to ovens, a side plate to a six foot table and a wine glass to mobile refrigeration.

This is a sophisticated hire business, which can easily be run by a couple with assistance on an as and when basis from casual labour, due mainly to a sizeable investment a couple of years ago into an automated washing a drying unit. This system can process thousands of glasses in hours rather than days!

We would urge any seriously interested party to contact us as soon as possible in order to explore this business at the earliest possible opportunity.

Sale price includes all equipment which is valued at circa £36,000!!

Key features:

  • Very well established business.
  • Easily managed with a variety of zero hours staff utilised on an 'as and when needed' basis.
  • A large and varied customer base, including hotels, outside caterers, restaurants, private clients etc etc.
  • Currently fairly seasonal due to wedding business generally boosting business.
  • Some £36,000 of written-down value of hire equipment included in the price.
  • Excellent hand-over guaranteed.
  • Genuine retirement sale.

Property Details: Leasehold
Asking Price: £47,500 (Leasehold)
Turnover: £109,777 Annual
Location:

The business is located in excellent modern premises within rural Gloucestershire.

Lease Terms:
Leasehold – we understand that a fully renewable 5-year lease, which commenced in 2016, is in place for any purchaser at a rental of £14,880, per annum, plus VAT. 

The tenant is granted an option of an annual rolling break clause, by giving not less than three months’ notice, which therefore offers the option for this business to be relocated!  

Event Catering Hire Business in Gloucestershire Gloucestershire

Financial Details

  • Leasehold: £47,500
  • Turnover: £109,777 Annual
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