Passively Owned Catering Business Since 1986

Not Disclosed, Ontario


Asking Price: Annual Revenue:
$2,350,000 $3,777,228

Food & Beverage: Suppliers, Vending


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RE: Passively Owned Catering Business Since 1986 Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $2,350,000 20% Buyer Down Payment: $470,000 15% Seller Financing: $352,500 65% Bank Loan: $1,527,500

Quick Facts

Asking Price: $2,350,000
Annual Revenue: $3,777,228
Net Profit: Not Disclosed
Cash Flow: $637,372
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1986
Employees: 9
BBN Listing #: 377434398
Broker Reference #: RES108

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Business Overview:

Corporate catering with reoccurring client base! Earning over $3.7 million in revenue during 2018, this premier Toronto catering company exemplifies a conscientious approach to delicious food and refined service. Catering is mostly provided to corporate clients holding lunches, events, parties, and conventions with some individual clients throwing private events throughout the year. Menus are customized for each event and considerations can be made for any dietary restriction. The international approach allows for a great diversity in menu options including food from popular culinary cuisines including, but not limited to French, Italian, Chinese, Indian, and Thai. Service options include plated sit-down meals, food stations, items passed by waitstaff, grazing stations, buffets, and boxed lunches. The owner is semi-retired and oversees operations but is not involved in the day-to-day management.

The full-operational catering facility features a large kitchen, a pastry area, refrigerators and freezers, loading bays with garage doors, storage, and several private offices. The 4,400 square feet of space contains all necessary equipment and tools to bring the menu to life. The General Manager oversees operations, while the chefs develop menu items and direct the production staff. All culinary assistants, bartenders, and waitstaff are contracted, keeping employment overhead low. Four sales representatives develop relationships with clients and drive sales throughout the year. In order to continue growth, this sales team could develop targeted advertisements or seek to build the lunch catering opportunities available throughout the week.

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Property Features and Assets:

Equipment: Refrigerators, freezers, convection ovens, stoves, kitchen equipment and tools, racks and storage equipment Vehicles: Freight included Inventory: All goods at time of sale Intangible Assets: Reputable, sophisticated presentations and superb social media reviews.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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