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Catering Equipment Repair & Maintenance - Lincoln For Sale

Lincoln, Lincolnshire, UK
Asking Price:
£79,995
Sales Revenue:
£87,573
Cash Flow:
Available on request

Fully Relocatable Proposition
Accounts Available Year End 31st March 2020
Annual Turnover £87,573
Gross Profit £69,700
Accounts Available After Viewing
Established 1988
Incorporated 2018
Retirement Sale
High Amounts Of Repeat Customers
Excellent Reputation
Large Database Of Clients
Good Links To Schools, Unis, Hospitals etc
Scope For Online Presence
Potential To Expand Operating Area
Scope For Marketing Drive

REF 7590 – Relocatable Catering Equipment Repair & Maintenance

Blacks Brokers are pleased to bring to the market this relocatable catering equipment repair and maintenance company currently located in Lincolnshire.

BUSINESS INFORMATION

Catech Limited was established by our client in 1988 and was incorporated in 2018. The business offers full maintenance and repair services for all professional catering equipment – this is often within schools, universities, hospitals, care homes, restaurants and so on. It has become very well known in this sector and this area and has a strong base of regular customers in place as well as benefitting from a good amount of additional trade generated by word of mouth recommendations – there has been no advertising done to reach this stage. Our client has ensured the business has an excellent reputation.

LOCATION

Catech Limited is managed from our client’s home with all work carried out on a mobile basis. The operating area is predominantly Lincolnshire, however the business also serves Nottinghamshire and South Yorkshire.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement plans, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

STAFF

The business operates with one member of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

Catech Limited has traded solidly since opening and our client has established a strong repeat customer base. The accounts available year end 31st March 2020 show that the business has an annual turnover of £87,573 and a gross profit of £69,700. Full financial information is available upon request.

SUMMARY

This long established business boasts an impressive trading history. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of an online presence and strong marketing drive. A new owner may look to expand the operating area subject to employing additional staff in new areas. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early meetings with our client are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - FRI: 09:00 - 17:00

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