Well estab. Catering bus. serving the Twin Cities

Not Disclosed, MN
Hennepin County

Twin Cities


Asking Price: Annual Revenue:
$360,000 $925,000

Food & Beverage: Catering, Food Preparation


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RE: Well estab. Catering bus. serving the Twin Cities Broker: Bill Kraemer

Quick Facts

Asking Price: $360,000
Annual Revenue: $925,000
Net Profit: Not Disclosed
Cash Flow: $85,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 5
BBN Listing #: 582540231
Broker Reference #: 8548 b.k. 8549 b.k.

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Business Overview:

TYPE OF BUSINESS: Well established Catering business serving the Twin Cities. Offering full-service catering for weddings, picnics, BBQ, dinner parties, corporate and private events. This facility has the ability to handle numerous occasions, from small gatherings to grand events. Current owners started this business over 36 years ago and have an outstanding reputation in the community along with a loyal customer base. Owners work all aspects of the business. Hours Monday – Saturday 7:00a.m. to 5:00p.m. This business has great growth potential.

FACILITY: This business currently operates out of a 4,800 square feet commercial kitchen. It has an attractive showroom, sales office, large professionally designed catering kitchen with a large prep area, baking section, dishwashing area, cooking line with a 14‘ hood system. This is a turnkey operation with all the equipment and smallware’s needed to continue growing the business.

EMPLOYEES: 2 Owner Operators with 2 full-time and 3 part-time employees.

EQUIPMENT: Multiple delivery vans, double stacked convection ovens, 2ea. Alto Shams, Groen Tilt Skillet, 60 qt. mixer, 3ea. Walk-in coolers and a walk-in freezer just to name a few.

GROSS SALES: Gross sales for 2022 are project to be approx. $925,000, 2021 were $723,395. Closed for portion of 2020. Gross sales for 2019 were $1,317,861.Cash Flow in 2021 was approximately $85,000 and cash flow in 2019 was approximately $343,000.

ASKING PRICE: The owner is asking $360,000 for the business. This includes $150,000 in Furniture, Fixtures and Equipment and $5,000 in inventory. The building is available for sale. Asking price is $800,000 (subject to change upon an appraisal).

REASON FOR SALE: Retirement.

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Property Features and Assets:

This business currently operates out of a 4,800 square feet commercial kitchen. It has an attractive showroom, sales office, large professionally designed catering kitchen with a large prep area, baking section, dishwashing area, cooking line with a 14‘ hood system. This is a turnkey operation with all the equipment and smallware’s needed to continue growing the business.

Reason for Selling:

Retirement

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.

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