Business assets & assets for sale: Long established business providing catering services

An opportunity exists to acquire an established successful long established business providing high quality catering services in the South of England.

Overview

• Established in the 1950s, the business has a long history of catering for high quality, high volume one-off and annual events in the South of England. The business also provides services at high profile visitor attractions.
• The business runs its operations from its leasehold facility in the South.
• Due to the challenges posed by Covid-19 in the events industry , the business pivoted to offer visitors retail catering at high-profile visitor attractions, via long term contracts.
• The business has recently invested over £500,000 in capital to support and expanding the new operations.
• The business has retained strong brands and excellent goodwill with clients.
• Management's success in winning contracts with new venues has led to a number of high value additional venues being in the pipeline.

Key investment features

• There is an opportunity to acquire the trade and assets of the business as a going concern including:
• Long term customer contracts and venue leases which have benefitted from high value fit-outs;
• Strong, experienced team with excellent client relationships;
• Extensive historic customer list / base for one-off and recurring events with significant market potential;
• Plant and machinery and motor vehicles some of which are subject to finance lease; and
• Stock in trade.
• This is an accelerated process with a tight deadline for initial offers and completion. Any reasonable transaction structure will be considered.
• There is also the opportunity to acquire the share capital of the wholly-owned subsidiary providing high-end Corporate hospitality.

OFFERS

A sale of the business and assets is being sought as soon as possible and prospective purchasers are requested to make contact without delay with offers invited by 12 noon Friday 8th December 2023

Contact: Jason Hall, Director Asset Advisory – South West & Wales

2nd Floor, 10 Victoria Street, Bristol, BS1 6BN

Office: 0117 926 6666

Mob: 07918 651049

Email: JHall@lsh.co.uk