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Mixed Use for sale

Ashford Industrial Estate, Shield Road, Ashford, Surrey, TW15

£375,000
404 sq. m.

Property Description

Commercial information

  • Business for sale
  • 4,348 sq ft (404 sq m)

Key features

  • LEASEHOLD
  • Ref 14234 J

Full description

Tenure: Leasehold

LOCATION
Charlie's Catering Hire is located in a large industrial corner unit on the Ashford Industrial estate, in Feltham, Nr Ashford, Middlesex.

Feltham is a suburban town in the London borough of Hounslow, located in southwest London, approx 13 miles from central London and only 2 miles south of Heathrow airport and is centrally located to both the M3 motorway in the south and the busy M4 motorway in the north

The business covers both the immediate area as well as London, Middlesex, Surrey, Berkshire, Buckinghamshire, Essex and Kent.

There is a direct customer car park outside for a minimum 8 cars.

Nearest mainline station Feltham is less than 2 mins walk away. The A244 links commuters to both the M3 and M4. There is a large residential estate within 2 mins.

BUSINESS
Hilton Smythe are delighted to present to the market Charlie's Catering Hire, established by our client in 1996 and now reluctantly offered for sale due to ill health.

The successful business provides catering equipment and furniture hire to the private and corporate industry which includes weddings, banquets, garden parties, large celebration dinners and BBQs. Offering a large choice of tables, chairs, ovens, BBQs, cutlery, crockery, linen, serving dishes, pouring equipment and other catering equipment.

Our client can supply for any sized occasion which can include a sit down meal service for 1500.

Our client informs us currently 65% of turnover comes from the corporate side and 35% from private work. Current net profit achieving in the region of 60%! We are advised that profits have increased this year by 40,000 and stock has been replenished.

Hire periods range from 72 hours to 3-4 day hire. All equipment is delivered fully cleaned and installed. Our client can also offer staff to assist with an occasion with appropriate notice.

The business previously offered the full catering service with a full choice of menus for any sized occasion, however, due to reduction in staff, have concentrated on the supply of equipment only. The very large premises comes with several areas to develop a larger commercial kitchen function and re- planning of the current space could allow this part of the business to help double the current sales level.

Our client has recently secured a new contract with a prestigious wedding venue which is budgeted to add a minimum of 50,000 to 2018 sales levels.

Agreed handover will be offered to any new buyer.

Both the current website www.charliescateringhire.co.uk and 'Executive catering ' will be included in the sale.

All equipment recently valued at circa 187,800 to be included, many of which has been purchased new in the last 12 months.

PREMISES AND EQUIPMENT
Relocated to this site in 2010.

Large unit circa 404sq m.
Ground floor -
Double height main stores are with shelving to both sides (this could be increased with adding raised racking shelving using a forklift to manage).

Small commercial kitchen

2 x large offices (currently used a storage).

Staff toilets

Staircase upto -
1st floor -
3 x offices and further storage areas


Equipment included -

Different sized folding tables, water boilers , banqueting & folding chairs , hot cupboards, gas ranges, large fridges, baby belling's, convection turbo fan ovens, coffee percolators, fryers, easels, stock pots, Bain Marie hot cupboards, thermal urns, plate jack stands, small hood dishwasher, new rack conveyer large dishwasher, cutlery polisher, bar equipment, china, crystal, furniture and accessories, garden equipment, glassware, cutlery, linen, stainless steel serving and presentation equipment.
Fully electric Pump truck and 3 vans also included


Pump truck and 3 Ford transit vans also included.

TENURE
The original lease length is 10 years
3 years remain, which is renewable.
Rent is 27,000 per year.

HOURS
The business works flexible hours to suit client orders. majority office based 9-5 hours plus delivery times.

STAFF
Owner with ad hoc help, when required.

FINANCIAL PROFILE
As of the 2016 accounts, turnover is reported at 121,000. This year to date already reporting at 88,000 for 6 months with budgeted target to be in region of 180,000 with adjusted net of 108,000.

We are advised that profits have increased this year by 40,000 and stock has been replenished.


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