*** SOLD ***
Catering Equipment & Repairs - Garden Route
About this business for saleCatering Equipment & Repairs - Garden Route
This catering equipment sales and repairs & maintenance business was established in June 2009 and has since shown remarkable growth. The ground work has been done and this business needs a new hands-on owner who can take it to the next level. The business is offered for sale at asset value only.
The business which is run and managed by our client achieved respectable annual turnover of almost R1,2m rand during the 2011 financial year. This is derived from selling an excellent range of brand new catering equipment, machinery, and cookware and associated goods. In the first year of establishment the business has seen a turnover of R227,959 in the first six months.
Due to the owner's attention being with another business venture, the business has been run at a reduced trading pace over the past 6 months yet has still shown remarkable growth and turnover.
The business is well known throughout the Garden Route and they are supplying equipment to many of the area's takeaways, restaurants, hotels, cafes and coffee houses. Our client has worked extremely hard on building the businesses reputation and product range which has resulted in a remarkable turnover growth over the past 12 months.
The business also sees a good amount of new trade from positive word of mouth recommendations and from our clients advertising through Google and the Yellow Pages. We feel that there is scope to expand the business by exploring sales via the internet.
Our client is very generously including all fixtures and fittings in the sale price which means that a new buyer will not have to spend additional funds on furnishing for the foreseeable future. This is without question an ideal opportunity for someone who is looking for a well presented business which is situated in a desirable retail area and enjoys regular repeat patronage throughout the year.
The repair & maintenance division of this business is well established with the bigger portion of the turnover being generated from repairs & maintenance to their existing growing customer base. Their customers include big retail groups such as Pick 'n Pay, Shoprite, Spar, etc with whom they have maintenance agreements in place for the whole of the Garden Route area. This division of the business is very profitable and there is little opposition for their services in the area.
The maintenance division has been established through excellent service delivery and the new owner can continue to grow this division as there is huge potential. The owner needs to be available to meet with current and prospective customers on a regular basis - a function the current owner has neglected over the past 6 months due to his involvement in other business activities.
The owner is keen to sell and he is offering the business lock stock and barrel for R350,000 of which he is prepared to finance R100,000 over 12 months.
If you have experience as electrician or if you have a technical flair or background, you should strongly consider this excellent business opportunity with huge potential in the right hands.