Hospitality for sale

Leasehold, Catering Business Located in Sutton-in-Ashfield, Nottinghamshire
High Turnover & Profit
High Value Assets Including a Fleet of 8 Vehicles
Huge Potential for Further Expansion
Managed Remotely by Owner on Short Hours
Ref 3018

Asking Price £144,500 plus SAV (£5,000)

Location
This fantastic Catering Production business is located in the market town of Sutton-in-Ashfield, Nottinghamshire. It is the largest town in the district of Ashfield, (4 miles) west of Mansfield, (2 miles) from the Derbyshire border and (12 miles) north of Nottingham and within easy access to the M1 junction 27.

Business Description
Veritas Business Sales are delighted to offer for sale this highly respected Catering Production business which is located in the market town of Sutton-in-Ashfield, Nottinghamshire. The business was established in 1998 and has been in the careful hands of the current owner since 2000. The owner is now offering the business for sale so that they can enjoy a well deserved retirement.
Since ownership he has invested in top of the range catering equipment and high value assets including a vehicle fleet of 8 catering food trucks which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. SP Foods is owner operated (remotely) with the help of 7 full time and 2 part time loyal part time members of staff and has an average annual turnover of £675k (net of VAT). More accounting information will be made available on application.
This is a highly organised business operating from an exceptionally well located and extensively equipped facility. The premises are professionally appointed and perfectly designed to facilitate efficient and streamlined operations. The business can be managed remotely, as the owner is not involved in production. The owner's working hours are relatively short, limited to Monday through Friday, ending by 14:00. They specialise in the manufacturing, preparation, distribution, and retail of a diverse range of snack foods, breakfast items, and sandwiches. They proudly serve a loyal client base that includes factories, offices, and various other businesses throughout Nottinghamshire. They have developed a highly regarded corporate and event catering service, benefiting from a strong brand identity that is extremely well known.
We believe that there is huge potential to increase trade by expanding production, growing the fleet of catering vans, and adding new delivery rounds. Additionally, the business has the potential to enter the private catering sector for events such as birthday parties, weddings, and special occasions. This is a superb opportunity to purchase an established business at a competitive price, prompted by our client's imminent retirement. Given the significant untapped potential, it represents excellent value for money and as such, early viewing is highly recommended.

Opening Times
Office Hours:
Monday - Friday - 08:00 -14:00
Saturday & Sunday - closed

Leasehold
Original Term: 5 Years
Remaining: 6 months (new lease available)
Rent: £11,340 pa
Business Rates: TBC

Ground Floor
Lobby with walk in freezer including shelving (landlord's property), Ricoh photocopy / print / fax machine, water dispenser and fire extinguishers.
Office comprising: floor safe: Dudley combination lock heavy floor safe, floor safe, Dudley twin lock key & combination safe, 2 x small digital safes, PC's and screens combined, CCTV system with 8 cameras and monitor (landlord's property), coin counter machine, 2 x printers, 3 x office chairs, cordless & corded telephones, filing cabinets, general office equipment and LG air con unit (landlord's property).
Production area comprising: assorted storage units, workstation, handwash sink, wall mounted paper towel dispenser unit, label stations (stand alone pc and printer), 3 x l-bar sealer machines, veg prep equipment (cutters, slicers spinners and veg washers), 2 x air con units (landlord's property), undercounter fridge, La Cimbali bean to cup coffee machine, Insectocutor fly control units and various utensils used in production.
Kitchen 1 area comprising: of Blue Seal 1.2 metre chrome top griddle, stainless extraction system (landlord's property), 2.1 metre stainless steel hot holding cabinet, round up electric egg cooker station, deep fat fryer, stainless still table, Insectocutor fly control units, and various utensils used in production.
Kitchen area 2 comprising: assorted storage units, wall mounted paper towel dispenser, commercial stainless steel double sink, 3 x Mono bake-off ovens with set temperature & timer, commercial microwave. 2 x panini grills, vac-pac machine, 3 x stainless steel tables, Smeg commercial 4 burner gas cooker & electric oven, various meat slicers (not used), pans, trays, various utensils, Insectocutor fly control units, multi layered mobile shelving for storing pies & pastries, walk in chiller including ss shelving and trollies (landlord's property).
Ambient stock room with shelving to hold various stock of confectionary, crisps and soft drinks, trollies and baskets and small digital safe.
Staff toilets with separate male & female toilets with hand wash basin and wall mounted paper towel dispenser.
Fire exit leading to the rear yard.

External
Secured vehicle yard area with 4 x Toyota Dyna catering vans, a Peugeot Expert catering van and 3 x Citroen dispatch vans.
Commercial waste bins area.
The property benefits from CCTV, air conditioning & heat throughout.

EPC Rating D