Hospitality for saleWylds Road, Bridgwater, Somerset, TA6
Leasehold 206 sq. m. | £450,000
- Business for sale
- 2,217 sq ft (206 sq m)
- REF 12335 I
- LEASEHOLD BUSINESS
- EVENT CATERING
Hilton Smythe is delighted to welcome to the market Somerset Catering Ltd. This family run business was first established by our client 5 years ago. The business is part of Sausage and Pear Ltd; each arm of the business is run by the family.
This catering business has been a success in the area and has a large client base. Our client is now looking to sell the business due to the desire to take a well-deserved retirement.
The business runs as a catering service offering a fantastic range of tasty foods to Somerset and the Bristol area. They cater for all tastes and offer a range of services. Some of the services available are mobile bar hire, wedding venue hire and marquee hire.
They cater for all occasions such as weddings, funerals, dinner parties and other celebrations; offering a personalised menu for each event. Photos of their products can be found on the business website. www.somersetcatering.co.uk The site also allows for customer enquiries.
We are advised the business generates a healthy turnover of around £596,000 per annum with a gross profit of 16%. This is a great turnover however we feel it could be increased further by expanding clientele. The new owner should look to advertise on free social media such as Facebook and Twitter. These are very popular sites that generate a lot of interest for businesses.
We must advise the purchaser that this is a family run business and would require several members of staff. The delivery drivers would be happy to carry on working for the new owner which will allow for an easier transaction.
This is a large business with unlimited potential. We highly advise a motivated new owner who is experienced in the trade to view this business at the earliest convenience. Our client has run the business to a high standard and so this is a fantastic opportunity for any interested parties.
Somerset Catering Ltd is located in Bridgwater, Somerset.
The business is situated in an industrial area of Bridgwater. This is a popular location for trade as there is a great mixture of retail outlets. There is a Harley Davidson dealership facing the business and more industrial premises around.
This area is ideally located for access to the M5 motorway. The motorway runs from Exeter through to Greater Manchester. Bridgwater town centre is a short drive away; this has all amenities. There are several bus stops and a train station all a short drive from the premise.
The great road links allow for deliveries to be made easier.
The business is situated in an industrial premise. Directly outside the premise are several parking spaces for staff and company vehicles.
The entrance is via the large metal shutter door, there is also a side door on the property. The shutters lead through to the warehouse section. This is where all stock is kept, this space is a generous size and it approximately takes up a third of the premise. There is a large industrial cooler in the warehouse.
On this floor is a reception/office area. The first floor has a large office which has space for around 2-3 big desks, there is also a sitting area.
Industrial cooler worth around £47,000.
3 vans two of which are valued at around £15,000 each.
Other equipment to move stock around
The premise is secured by an alarm there is also metal shutters on the side door and bars on the window.
We are advised the business is Leasehold.
Original lease length: 12 years (can be extended)
Left on the lease as of April 2016: 7 years
Rent: £12,682 per annum
The business is open-
Monday - Saturday: 8:30am - 5pm
Hours vary on trade.
The business is run and managed by our client with the help of 4-6 members of staff.
The business generates a turnover in the region of £596,000 per annum.
With a gross profit of around 16%
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