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Hospitality for sale

First Avenue, PO20

£75,000
283 sq. m.

Property Description

Commercial information

  • Business for sale
  • 3,046 sq ft (283 sq m)

Key features

  • REF 13031
  • LEASEHOLD BUSINESS
  • CATERING BUSINESS

Full description

Tenure: Leasehold

LOCATION
Pink Pig Catering occupies substantial premises, ideally located on the outskirts of Chichester, West Sussex. The property is situated in the Almodington district of the city, surrounded by beautiful countryside views. The large workshop benefits from excellent car parking facilities.

Chichester is a cathedral city in West Sussex. According to the 2011 census, the city had a residential population of 26,795. The city is a transport hub and a centre for culture in the county, with a theatre, museum and art galleries. It is one of the great well-preserved Georgian cities in the UK.

The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. Chichester railway station is approximately 5 miles away. The area is also well served by the A-roads, with the A286 being within easy driving distance, which links to the national A-road and motorway networks. Chichester city centre is 6 miles away and Bognor Regis is 9 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well established and busy catering business, which is ideally located within the Almodington district of Chichester, West Sussex.

The business has been in our client's careful ownership since 2006 and is only now, reluctantly, being offered to the market due to our client's desire to emigrate. The business currently operates all year round. The business generates a turnover in the region of 110,000 per annum, with a gross profit of approximately 82%.

Our client offers a wide variety of catering for events such as weddings, high tea's, picnics, buffets, party platters, hog/lamb roasts, corporate refreshments and event management services, as well as offering equipment rental. At present, our client is doing on average 35 weddings per year. We are advised there is a van, which is included within the sale.

We are advised that the catering and equipment hire is split 50/50. Our client is willing to sell either the catering or the equipment hire separately to the purchaser by separate negotiation if preferred.

The equipment is a big part of the business with a fantastic choice of beautiful dressings for weddings or events or more unusual items such as suits of armour, thrones, candy floss machines or hog roaster. The business is the sole provider of Tudor Rental items in the South of England. A vast array of equipment and items are included in the sale, with the current asset value for the equipment for hire valued at circa 98,000.

The business has built up an excellent reputation within the area, and further afield, for the very high quality of the fayre 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 scope to increase the turnover by adding more in house staff to expand the food production side of the business. A new owner could embark on a modest marketing campaign, targeting more local wedding venues. The business already has an excellent website in place www.pinkpigcatering.co.uk to advertise the business and the excellent services offered.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level, it would also make an excellent bolt-on to an existing company wanting to expand; therefore, early viewing must come highly recommended to avoid disappointment.

PREMISES
Substantial workshop, which is in an ideal trading location, briefly comprising:

Reception:

Open plan reception.
Customer consultation area.
Managers office.
Administration area.

Commercial kitchen:

Spacious commercial kitchen with dry store areas.

A full list of equipment to be supplied.

Storage area:

Double height storage area.
Fixed shelving to both sides.
Front access for loading.

External:

Good parking.

TENURE
We are advised Leasehold:

Original lease length: 5 years
The lease is due to expire in April 2018 and we are advised the landlord agrees to renew.
Rent: 10,000 per annum.

HOURS
The business operates all year round.

STAFF
The business is owner run and managed with 12 x ad-hoc, self-employed staff members and 1 x potential manager, who can prepare food and organise events in the absence of the owner.

FINANCIAL PROFILE
The business generates a turnover in the region of 110,000 per annum, with a gross profit of approximately 82%.


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