Property Information
Address:
Ipswich, Suffolk
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH528565
Property Ref/Agent: 13213-catering-business-in-ipswich-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to welcome to the market this very popular catering business, which is ideally located within the village of Wherstead, Ipswich.
The business was established by our client in 2006 and is only now, reluctantly, being offered to the market due to our client's desire for a change of lifestyle. The business operates as and when necessary, generating a very healthy turnover in the region of 203,200 per annum, with a gross profit of approximately 54%.
Our client offers catering services throughout the Suffolk, Essex and London areas including weddings, events, parties and private dining. The business offers several menus including BBQs, canapes, finger buffet, a hot buffet and a Greek sharing menu, to name a few.
The business has built up an excellent reputation within the area and further afield for the very high quality of the food and services offered, which has resulted in a very loyal client base, with a good volume of repeat trade and word of mouth recommendations.
We feel there is huge potential for future growth. A new owner could embark on a modest marketing campaign to promote the excellent services offered. The business already has a very informative website in place to advertise the business at .
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to acquire a very profitable catering business with huge potential for future growth, therefore, early viewing must come highly recommended to avoid disappointment.TENUREWe are advised Leasehold:
Original lease length: 6 years
Remaining lease length: 2 years, as of October 2016
Rent: 6,117 per annumHOURSThe business operates as and when needed.STAFFThe business is owner run and managed with 1 x full time staff member.FINANCIAL PROFILEThe business generates a very healthy turnover in the region of 203,200 per annum, with a gross profit of approximately 54%.
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