By Ishaan Tugnait
There are more hospitality and catering firms up for sale than any other type of business, according to a new report identifying establishments seeking new ownership.
The study, from BusinessesForSale.com, said that businesses from the hospitality and catering sectors were continuing to keep their “stronghold” in the sale marketplace.
Across all its listings, 6,996 were from the hospitality and catering sector, the highest two of which were restaurants in second place with 1,440 listings and pubs in third place with 1,357. The report details the top ten sectors of listed businesses for sale out of a monthly total of 30,722 listings.
Residential businesses retained the top spot with 2,519 listings. However, hospitality was the dominant sector overall as seven out of the 10 categories were hospitality-related in June.
The report also looked at demand for businesses by sector and of the 51,576 enquiries received by BusinessesForSale.com in June 2015, 12,263 were for catering and accommodation-based businesses — a 5:3 buyer to vendor ratio.
Marketing director, Rufus Bazley, said: “Food, drink and accommodation businesses are always well represented, they appeal to established and emerging entrepreneurs and family-based businesses as they generally perform well through economic peaks and troughs. And as demand is higher than supply most vendors sell quickly and achieve their asking price.”
Below are the figures which show the latest listings for businesses up for sale.
Category Total Listings (June 2015)
Convenience Stores 1150
Take Aways 1043
Guest Houses/Bed & Breakfast 960
General Retail 879
Café Bars 755
Fish & Chip Shops 731
Category Total Listings (January 2015)
Convenience Stores 1005
Take Aways 913
Guest Houses/Bed & Breakfast 828
General Retail 735
Café bars 701
Coffee Shops 685
Category Total Enquiries (June 2015)
Convenience Stores 2587
Misc. Restaurants 2063
Take Aways 1991
Coffee Shops 1919
Café Bars 1884
Guest Houses/Bed & Breakfast 1456
Sandwich Shops & Delivery 1410
Category Total enquiries (January 2015)
Convenience Stores 1646
Coffee Shops 1614
Misc. Restaurants 1496
Café Bars 1493
Take Aways 1375
Liquor Stores/Off Licences/Wine Merchants 1064
Guest Houses/Bed & Breakfast 1038