£0 £1000000
£0 £1000000

Highly Reputable Sandwich Bar and Outside Catering Business

Cirencester, Gloucestershire

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£59,999 +SAV

Ref: 13980 H

Leasehold

Overview

Hilton Smythe welcomes to the market The Red Onion Catering Company. The business was founded over 20 years ago and has been under the successful management of the current owners for the last 14 years and is only now being sold reluctantly due to the owners wishes to enjoy an early retirement and spend more time exploring in their camper van. The business sells sandwiches, baguettes and rolls, jacket potatoes, toasted baguettes, salads, home made cakes, cookies, flap jacks, short cakes and muffins, they also sell confectionery and hot and cold drinks. They have a healthy outside catering side to the business particularly to the corporate market providing business lunches for meetings and directors lunches and can cater for vegans and vegetarians and other special dietary requirements. They also cater for Christenings, weddings, celebrations, parties, anniversaries and funerals. The current owners pride themselves in the cuisine offered which is prepared using locally sourced produce where possible. The business also operates a lucrative sandwich delivery round which operates Monday to Friday The sale includes a website and the business has a visible presence on the internet. The sale also includes a low mileage Renault Clio van. The Red Onion Catering Company is proud of its 5 star hygiene rating. Scope to improveAdvertising and marketing campaign Maximise the use of social media Expand the sandwich round area geographically, perhaps employ another driverConsider Just Eat/ Hungry House online offeringsExtend the opening hours maybe by opening at weekendsExplore offering Sunday lunches to older residents of the village and surrounding areas.

Turnover
Financial ProfileThe business had a turnover in the last financial year of approximately £63,000 and gross profit of roughly 74%.

The business is run and managed by the current husband and wife owners with the help of a part time member of staff.

Monday to Friday 8.30am to 2.00pm.

South Cerney is a village and civil parish in the Cotswold district of Gloucestershire, 3 miles south of Cirencester and close to the border with Wiltshire. It had a population of just under 3500 at the 2011 census. It was founded in 999 by Saxon settlers with a charter by King Athelred 11. South Cerney was winner of the best kept village award in 2001. The village lies within the Cotswold Water Park where many of the lakes are now used for leisure activities including fishing and sailing. The business is situated in the village centre in a small retail development with other complimentary businesses and with free parking immediately outside. South Cerney has a growing business community with many companies occupying the industrial and business estates that have built up on the village outskirts and for which this business is ideally situated to service. Cirencester is situated at the hub of a significant road network with important routes to Gloucester (A417) Cheltenham (A435) Warwick (A429) Oxford (A40) Swindon (A419 and Bristol and Bath (A433).

The business occupies the ground floor of an end terrace property and is immaculately presented and maintained with visible clear signage. ShopGlazed door and windows to front creating a light airy interior, customer area with tiled floor, breakfast bar, perimeter shelving, upright freezer, tall glass fronted chiller and under counter freezer. Bespoke counter with coffee machine, till, phone and card machine. Open Plan KitchenImmaculately presented with a range of base and wall units, 2 under counter fridges, 3 under counter freezers, 1 upright freezer, 1 upright fridge, 1 glass fronted chiller, 2 microwave ovens, Indesit dishwasher, Beko range style cooker (new) with fan oven and 5 ring halogen hob, stainless steel splashback, kettle, 4 slot toaster, meat slicer, ceiling hooks for utensil storage. There is additional fixtures and fittings housed elsewhere and used in the outside catering arm of the business including a stainless steel urn, a soup kettle, numerous large bowls and food mixers. Walk in PantryWith perimeter shelving and a stainless steel sink. The sale also includes a low mileage Renault Clio van.

Tenure
We are advised leasehold and advised that the landlord would be happy to agree a mutually acceptable lease with a new owner. The current lease was originally for 5 years and there are approximately 3 ½ remaining. The rent is a very reasonable £4149 per annum. There are no business rates currently payable.

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