Long-Established, Profitable Relocatable Catering Equipment Business Essex

• Established History: Over 40 years in operation with an excellent reputation within Essex and surrounding areas. The company is known for providing a quality service and has gained a substantial amount of business from strong word-of-mouth recommendations.

• Customer Base: Has garnered a loyal and wide-ranging customer base including large and small catering organisations, local businesses, and private customers. Clients are mostly caterers operating in a range of sectors within Events & Hospitality, Health & Education, Industry & Commerce and Retail. Along with individuals catering for their own functions.

• Stock: Extensive inventory including crockery, cutlery, glasses, fridges, ovens, barbecues, tables, chairs, and more, valued at approximately £150k.

• Operations: Well-equipped with a capable hire system and organised operations.

• Seasonal Lucrativeness: Year-round market potential, particularly busy and profitable throughout the summer season.

• Support Transition: Comprehensive handover with guidance to ensure smooth transition and additional offer for longer term consultancy role post-retirement

Opportunities for Growth:

• Cross-market potential: Opportunity to expand the business beyond events and hospitality.

• Geographical Expansion: Potential to extend services to wider areas beyond the current operational boundaries.

• Relocatable: Offers a great opportunity as a ‘bolt on’ to another business in the sector of Events & Hospitality, Marquee Hire, Catering Operation

• Marketing Initiatives: Increase marketing efforts to attract new customers and expand the business
further.

Financial Profile:

• Turnover: As per the 2023 accounts, the business generated a turnover of approximately £95,000 and healthy operating profits (EBITDA).

• Further Financials: Additional financial details can be made available upon request.

Contact Charlotte Arden at New Broad Street to discuss further details