Total of 18659 firms and businesses for sale today Monday 20th May 2024
Sold. Commercial Catering Equipment Company
LISTING DETAILS
Firms For Sale ID:
33372
Vendor reference:
CH135
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£170,000
Turnover / revenue:
£520,000
Net profit / cashflow:
£74,000
Years established:
18
Trading hours:
Monday- Friday 0830-1700
Weekend Engineer- Emergency Call Out
Number of employees:
2
Employees / staffing:
The vendor and his wife work full time in the business. The business also employs two full time service/installation engineers and an apprentice engineer.
The company also utilises the services of a refrigeration engineer and additional service engineer on a sub contract basis as required.
OTHER DETAILS
Reason for selling:
The vendors are planning their exit strategy.
Support and training:
Full support and any necessary training will be provided during handover as part of a successful sale package. Vendor may consider staying on for a further period as a consultant, or as an employed service/technical engineer should a new owner so require, subject to negotiation.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Commercial Catering Equipment Company
Providing Full Kitchen Design, Supply, Servicing & Installation Services
Ref.CH135
Location Lake District, Cumbria
Asking Price GBP 170,000
This highly respected and well established business has been supplying quality catering equipment for some 18 years and has built up a sterling reputation in the region for providing a comprehensive turnkey solution to meet the most demanding client specifications and requirements.
The company provides a unique range of services to the commercial catering market place. Its range of services include supply, supply and installation, and ongoing maintenance and servicing of equipment, right through to full bespoke commercial kitchen design and project management services.
The business has built up a healthy customer base over the years and enjoys excellent levels of repeat business such are the service levels it provides. The business has some 100 regular customers with a further couple of hundred clients on the database whom they have previously dealt with over the years. Typical customers include hotels, schools, restuarants, public houses, cafes, nursing homes, colleges, fast food outlets and the like and these are mainly localted within the Lake Distrcit, North Lancashire and Cumbria regions.
The company has excellent supply relationships in place with many of the leading manufactures which ensures they have the right solution to meet each customers unique requirements , time and time again. The company is Gas Safe registed and has a team of fully qualified and competent service, refrigeration and installation engineers avaiable.
Expansion Potential
The company has access to further product ranges and could easily expand this offering to incorporate even more products and services. A more proactive approach to sales and especially e-commerce would also improve performance. The business does have a basic yet informative website, which could possibly benefit from further development.
The business does very little in the way of retail and the vendor believes there is scope to develop retail sales of catering equipment to the general public. There is also demand for the sale of refurbished commercial equipment, another area that the vendor has not developed to date.
Market / Competition / Non-Competition Agreements
The business enjoys high levels of repeat business, word of mouth recommendations and referrals, however it could benefit from a more strategic medium/long term sales and marketing campaign. It has very minimal internet presence to date but does occasionally undertake some direct advertising via mailshots. It also appears in local directories.