Seller's Contact Information
- RE: Off Prem Catering Great Cash Flow -12% Down
- Contact: Brian Smith
Quick Facts
Asking Price: | $195,000 | |
Annual Revenue: | $1,132,576 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $298,990 | |
Total Debt: | Not Disclosed | |
FF&E: | 82,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2000 | |
Employees: | 7 | |
BBN Listing #: | 47044955 | |
Broker Reference #: | 3408-17475 |
Business Overview:
This business has been pre-approved for bank financing with only 10% down needed.
This well-established off-premises high-end catering company had a very successful year in 2022 with over $1.1MM in revenue & $298K cash flow. 2023 first-quarter revenue was up 41.8%.
Trusted for over 2 decades with events of all sizes in the tri-state area, ranging from weddings, Bar & Bat Mitzvahs to holiday parties and more.
They've built their reputation on their exquisite cuisine, impeccable service, presentation, and planning. They're ready to pass this company on to new owners who can serve their clientele with quality and precision and take this already-proven entity to the next level.
Huge opportunities for growing the business by forging and maintaining relationships with event spaces and their management, event and wedding planners, energetic use of social media, and corporate catering.
Owners are prepared to assist further for a successful turnover – to be negotiated.
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Property Features and Assets:
Perfect location & space to run a highly successful catering operation. This 3,500-square-foot facility features a large kitchen, ample prep and storage areas, a walk-in fridge, double door freezer, Ice freezer, office space & a conference room. Assets = $86,500
Market Competition and Expansion:
There are few off-premise catering companies that offer the level of service, quality of food & customer attention that would be labeled as ‘competitors’. Expanding vendor relationships in the areas of entertainment, design, florists, staffing & rentals would further increase revenue.
Reason for Selling:
Owners wish to retire.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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