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Catering And Food Equipment Business In Cork For Sale

Cork, Ireland
Freehold Price:
€800,000
Leasehold Price:
On request
Turnover:
€500K - €1M
Net Profit:
€100K - €250K

The Business was established in 1988 by the current Directors and is market leader in supplying top quality foodservice equipment, design and consultancy to the retail, catering, fast food and hospitality sectors.

The business provides its customers with a highly professional and personalised service which has helped it build an exceptional reputation with its customers that has resulted in strong customer loyalty and repeat business and referrals.

The Directors over the years have kept the business at a level that they can manage without having to engage additional employees.

The company supplies customers in Munster with a strong customer base in Cork and there are opportunities to grow the business nationwide. The company supplies its customers with the leading brands of equipment and offers cost effective solutions with top quality equipment to suit all budgets to its customers.

The company operates from leased premises owned by the Directors that can be purchased by a potential buyer if required.

The Company is profitable and is in a healthy financial position with good cash reserves and is enjoying continuing sales growth.

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

Business is owned by Directors lease terms can be agreed with new owner. Premise's can be purchased from the Directors if desired for circa €300,000

Leasehold Rent:

€8,400 per annum

Location:

Cork

Premises Details:

Premise is owned by the Directors, is well located and is available to be purchased with the business.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

There is a large opportunity for the purchaser of the business to grow the business further by actively selling its products and services to new customers throughout Munster and the rest of the country. The business represents an excellent opportunity for an existed supplier of

foodservice equipment to establish itself or strengthen their position or market share in Cork and Munster.

Competition / Market:

The business is market leader in its field and enjoys strong levels of repeat business from its well established customer base. Competition exists but is not an issue.

Reasons for selling:

The owners having run the business successfully for the past 37 years would like to retire which is the reason for sale.

Trading hours:

Monday to Friday 9.00am to 5.30pm 24/7 emergency service/call out is subcontracted.

Employees:
2 -the two Directors
Years established:
37 years

Other Information

Support & training:

Full handover will be provided by the owners to ensure a successful transition of the business to new ownership

Financing available:

None

Leasehold asking price:
On request
Relocatable:
This business can be relocated