BMB REF: BMB10582
ACTIVITIES: Event Hire Business – Catering, Tableware & Kitchen Equipment
LOCATION: South East England
TURNOVER: circa £670,000+ (FY 2018 Forecast)
OP PROFIT: circa £150,000 (FY 2018 Forecast)
Business Overview
BuyMyBiz is exclusively retained to find a purchaser for this catering event hire business. Over the past 20+ years, our client has provided an extensive range of catering equipment and furniture hire for events throughout the South East of England. The business currently has approximately 3,000 active clients ranging from private individuals, marquee and catering companies to other hire companies and corporate clients.
Significant Goodwill & Business Reputation
The business provides a vast range of equipment, including but not limited to:
- China & Cutlery
- Glassware
- Barware
- Large Kitchen Equipment
- Furniture
- Tableware
Growing Customer Base of circa 3,000 Clients
The business currently has a strong management team in place and the day to day business is run without significant hands-on involvement from the vendor. The vendor is happy to facilitate a mutually agreeable handover period.
Reason for Sale
After running the business for over 20 years, our client believes the future business opportunity will be best realised in the hands of a new entrepreneurial owner or larger business with the experience, enthusiasm and resources to drive the business forward to the next level.
This Business is Relocatable
The Opportunity
Ideally, we seek an acquirer with the requisite experience and resources to take this business to the next level. Consideration will also be given to buyers with strong market or client synergies looking for a ‘bolt-on’ business that can add value to existing operations.
- Excellent Goodwill & Reputation
- Established Brand & Business Process
- Profitable Business
- Loyal Customer Base
- Experience & Highly Regarded Team
- Scalable Business
Price
Offers are invited for the shares in the business from a suitable buyer. The vendor is happy to facilitate a mutually agreeable handover period.
Offers are invited for 100% of the shares in the business plus net assets
(All offers to be based on a cash free/ debt free basis)
The Next Steps
On completion of our non-disclosure agreement and supporting information, qualified parties will receive further information on this business. We recommend a meeting with the vendors at the earliest opportunity to avoid disappointment.