Catering Company -- Asset Sale, RE Available

Not Disclosed, UT

Wasatch Front

Asking Price: Annual Revenue:
$750,000 Not Disclosed

Food & Beverage: Catering, Food Preparation

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RE: Catering Company -- Asset Sale, RE Available Broker: John Bushnell

Quick Facts

Asking Price: $750,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $550,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 92624931
Broker Reference #: Not Disclosed

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Business Overview:

This company has been Utah’s premier catering company for nearly 30 years. They provide custom-designed menus and creative presentation for corporate and social events, as well as high-end weddings, from receptions for hundreds to small dinner parties. They regularly serve high profile clients, including The Sundance Film Festival and Olympic events. Beyond their food and beverage services, the company provides event design and coordination, rentals and decor. The company has a strong management team and operating systems, including a proprietary software program used to track projects and produce management reports, that allow them to provide customer service second to none in the market. Assets of the company are for sale to include equipment assets, building, name and intellectual property.

$750,000 for the Business assets

$1,450,000 for the building

$2,200,000 total, but can be sold separately

Business equipment assets are estimated at $550,000

$1,500,000 catering business already on the books for 2020

Asset Sale, no financials

Estimated gross revenue for 2019 $3,500,000

Estimated gross revenue for 2020 $3,900,000

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Additional Details:

  • The property is owned.
  • The owner is not 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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