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Business For Sale
1182RD CATERING SERVICE, BANQUET CENTERS
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Asking Price: |
$1,050,000
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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Retiring |
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# of Employees:
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16 full time, 30 part time |
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Yearly Revenues:
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$1,696,582 |
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Yearly Cash Flow:
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$261,298 |
Business for Sale Overview:
Established Catering business with two full service Banquet facilities in Metro St. Louis. The catering division is 12 plus years old and provides a wide range of services to private and corporate customers. Events are catered in the company owned banquet facilities or off-site at location chosen by the customer.
Both Banquet facilities seat more than 250 guests and provide adequate, lighted parking. Each facility has a full service kitchen, built-in bar, sound system and appropriate equipment to host the casual gatherings to formal events.
The core business for the banquet centers is wedding receptions. These events account for 90% of the bookings. Saturday night wedding receptions typically take place 45 out 52 weekends each year. Week day events include corporate gatherings, group meetings, and evening parties.
Buyer has the option to purchase the facilities or to lease with option.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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