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5 Star Quality Mobile & Corporate Catering Business For Sale

Corby, Northamptonshire, UK
Asking Price:
£205,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
£650,444
Cash Flow:
£136,707

It is an exceptionally profitable mobile and corporate catering company, established 30 years ago by the current owner with a consistent reputation for top quality food and excellent customer service. Wide spread of loyal clients in major East Midlands town, year on year growth with still great potential for further expansion and diversification from this well-equipped professional commercial kitchen base.

Tuckers presents an ideal bolt-on acquisition for any company looking to extend their product and service offering and customer base. Equally, it will be extremely attractive to private buyers with relevant catering and/or marketing experience who will recognize the annual £136K profits as quite exceptional in this sector.

The owner has obviously enjoyed these too but is now determined to retire by her 66th birthday this year!

If interested, please contact the seller through the form on this page.

Property Information

Property:

Leasehold

Lease Terms:

The current Tenancy Agreement is that of holding over (under the conditions of The Landlord & Tenant Act) under the terms of the original lease 22 December 1988 - in effect a one month rolling scenario. The landlord is more than happy to sign longer lease to potential buyer.

Leasehold Rent:

£7,000 per annum

Location:

The business is located in the heart of the large industrial and commercial areas of Corby, close to many blue chip companies including key clients Tata Steel (formerly Corby British Steel), Gefco & British Car Auctions. Corby is also within easy reach of as yet untapped potential in Peterborough, Kettering, Northampton, etc.

Premises Details:

The single storey brick-built premises comprise two main sections. The main commercial kitchen with walk-in freezer and cold room serving the 4 mobile van units and the corporate buffet business. Access is via a staff entrance and large roller shutter door for loading the vans and receiving incoming goods. The 22-seat café diner has a separate entrance for customers, its own cooking area and servery and is linked to the main kitchen and common wash-up area.

Size in square feet:
1,500

Business Operation

Expansion Potential:

The Corby industrial and commercial areas are still growing and similar areas in nearby towns offer further potential business in both the mobile and corporate catering sectors. Diversification into events catering (weddings, funerals, business promotions, etc.) can be easily achieved utilising the spare capacity of the existing two kitchens. The ageing website is ripe for re-development and a future owner can take advantage of the yet unused social media platforms, Facebook, Twitter, etc.

Competition / Market:

There are only 2 other mobile units (each from a separate company) operating in the Corby area, both of which are known to have a limited range of products in comparison to this business. Customer loyalty, developed over the past 30 years, was quickly in evidence soon after the COV-19 lock-down as the business recovered back to 75% of pre lock-down sales within weeks.

Reasons for selling:

Owner wishes to retire on her 66th birthday later this year.

Trading hours:

8.30am to 3.00pm Monday to Friday only. Great potential outside these hours to supply industrial shift workers and especially corporate and private catering events where the owner has an established reputation for high quality, but sadly had to cut back recently due to personal circumstances.

Employees:
7
Years established:
30

Other Information

Support & training:

The owner is prepared to offer up to 3 months' handover and training support to the potential buyer, including personal introductions to her many long-established clients. She is keen to enjoy a well-earned retirement but has no plans to leave the area and will always be accessible to the buyer.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Up to 30% deferred payment for 12 months depending on buyer's financial status & guarantees.

Furniture / Fixtures value:
£154,000 - included in the asking price
Inventory / Stock value:
£5,000 - included in the asking price
Relocatable:
This business can be relocated.

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