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Business For Sale
CATERING SERVICE
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Asking Price: |
$249,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Seller Health Issues |
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Year Established:
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1998 |
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# of Employees:
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17 |
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Yearly Revenues:
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$717,387 |
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Yearly Cash Flow:
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$111,805 |
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Yearly EBITDA:
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$66,805 |
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Yearly Net Profit:
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$71,284 |
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Yearly Gross Income:
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$342,921 |
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Monthly Payroll:
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$13,154 |
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Total Debt:
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$75,086 |
Business for Sale Overview:
This business is an established, profitable Caterer located in the beautiful New River Valley area of Virginia. Services include both on and off-site catering with a wide variety of "country cooked" meals including breakfast and brunch, patio buffet, served dinner and buffet, lunch buffet, wedding buffet, and Sunday buffet. Facilities consist of an elegant 3,400 square feet dining room, and an outside patio and gazebo area, all with beautiful views of the New River. The 3,900 square feet commercial kitchen is superbly equipped. Customers are families, clubs, wedding parties, private events, church functions, and corporate events. The seller established the company in 1998 with a catering concept based on providing southern-style cooking with a flare. The variety of services they can offer with premier dine-in facilities and state-of-the-art catering has enabled them to carve a unique niche in their market that the competition can not match. This is a great opportunity for a buyer to purchase a successful business with regional name recognition and significant opportunity for growth! The business is also SBA pre-approved.
Property Features and Assets:
3,400 square feet dining room, outside patio are, gazebo, all located on the beautiful New River. 3,900 square feet fully equipped kitchen.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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