Ref 5903 – Leasehold Commercial Catering Equipment Supplier Blacks Brokers are proud to bring to the market this leasehold commercial catering equipment supplier, and preferred nhs supplier, located in an industrial area of Doncaster, South Yorkshire. Introduction
Utopia Catering Equipment ltd has been trading since 2009 when our clients set up the business with much experience of this sector. The business supplies consumables such as napkins and toilet paper to many other local companies such as nhs kitchens, school kitchens, pubs, restaurants and hotels. In addition to this, the business also offers repair work for equipment such as dishwashers, ovens and so on. The business boasts a client base of over 250 and most are in Yorkshire and surrounding areas. Location
The business is operating from a commercial unit on the outskirts of Doncaster, this is a fully commercial area with good transport links to the A1. Reason for sale
Utopia Catering Equipment ltd is only being offered for sale due to retirement. Lease
The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is a rolling annual lease with rent reviews every year. The current lease began in 2009 at a cost of £5,000 per annum. Building layout and design
Utopia Catering Equipment ltd is housed within a single fronted commercial unit with a roller shutter door and plenty of parking directly outside. The unit is well presented with signage on display to the front. Inside, there is a main storage area, private office and staff toilet. The business sale also includes sage software, office 365 and two well-maintained vans, one 2016 Vauxhall Combo and one 2015 Vauxhall Vivaro. Staff
Utopia Catering Equipment ltd is currently operating with only our two client’s in employment. Financial details
Financial details are available upon a viewing of the business and Utopia Catering Equipment ltd has traded solidly over its trading history. The business generates an annual turnover of £135,360. Accounts up to 31 October 2018 available by request. Summary
This leasehold business is well-established and has a large and loyal customer base along with a superb reputation in place. Both income streams (appliance repair and consumables supply) bring consistent takings. There is plenty of scope to develop the business further and there are even more income opportunities through the addition of further nhs supply work and potentially new contracts with other local businesses. This proposition would ideally suit an owner operator able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £108,000.
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