For Sale
Extremely well established catering business for sale
Rugby, Warwickshire
- Asking Price: £195,000 +SAV
-
Turnover:
Further financial information can be made available.
- Tenure: Leasehold
Please quote reference B07230
Hilton Smythe are delighted to welcome to The Chefs Kitchen, a highly rated catering business in Rugby, Warwickshire.
The Chefs Kitchen was originally established by our clients in 2000, building up an excellent reputation for consistently high quality, innovative and delicious food designed around client’s needs.
The business has now come to the open market as our clients are looking to retire.
They pride themselves on offering a very personal service that takes care of every detail.
Key selling points -
- A long established business – 22 years – same owners
- Exceptional reputation and well known in the local area
- Advanced wedding bookings & a loyal corporate business base
- Sales have seen a strong return to pre-covid level
- Large amount of equipment + 2 vans which are refrigerated
- Operated by a 2 person partnership plus 5 full/part-time staff – plus bank of casual staff for events/weddings
- Lots of further development
We are advised that the business is run and managed by our clients, with the help of 5 full-time/part-time members of staff.
The current trading hours are -
Monday to Friday – 07:00 – 17:00
Saturday & Sunday – When required
The Chefs Kitchen is located on Lower St, in Rugby, Warwickshire.
The business has eye catching signage, receiving high levels of footfall and passing trade.
Double fronted premises sits on a small parade of shops with parking outside.
Occupies a double fronted premises.
Split into several areas -
- Cooking range, production kitchen & wash up area with large double sink, commercial dishwasher, storage for equipment.
- 2 x large walk in fridges & a large walk in freezer.
- Male & Female toilets.
- Storage understairs on both sides.
- Dry stores area with laundry area – washing machine & dryer.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a rolling agreement. The rent is £11,100 per annum.
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Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
