Owner Financing is Available!
Business Overview:
One of Indiana’s largest Caters is selling their custom catering facility. This facility has been successfully operated by the same Owner for over 20 years. The business has an excellent reputation and has won numerous awards for outstanding service and quality of their food.
2009 revenue included 55% from catering and 45% from in-house dining. Catering breaks down as 60% off premise and 40% on premise. The real estate is available for purchase. The multi-level restaurant seats160 and 225 in the ballroom and the state-of-the-art kitchen can handle both at capacity. The restaurant carries a 210 liquor license.
Besides the current owner(s), there are 12 full-time and 33 part-time employees. With exception of the current executive management, it is not anticipated that there will be any employee turnover resulting from the sale.
The real estate is owned by the seller of the business. There are approximately 2 acres of land. The building is 11,000 square feet. The seller is willing to sell the real estate at fair market value or lease it for terms and conditions to be negotiated prior to closing. Should the purchaser elect to lease, the Seller is willing to provide the seller with a first right of refusal.
The purchase price does not include inventory valued at the seller’s cost. The Seller will consider financing a portion of the sale with a substantial downpayment.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Other Business Ventures
Additional Details:
- The property is owned.
- The owner is willing to train/assist 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.