If the idea of a restaurant appeals to you but you’d prefer to run a business that’s a bit more flexible and with lower fixed overheads, a catering business may be just the thing. Buying a home-based catering businesses could be a smart move – you can decide how much business you want to take on, with the potential to scale up your operation as and when needed. There are also plenty of businesses – and catering niches – to choose from, including companies that specialise in weddings, outdoor events or silver service.
Take time to think about whether your preference would be to cater for top-notch corporate events or perhaps private receptions – your decision may depend on the type of catering you’re interested in and, to some extent, the size and scope of the events themselves. Caterers need a passion for food but it’s equally important to be calm under pressure and work efficiently to a timescale. When you’re buying a catering business, it’s crucial to check out references and research the company’s reputation. You’ll be paying for goodwill as well as equipment and you want to be sure the business stands up to scrutiny and that you’ll benefit from ongoing recommendations.
