Catering Company, Cafeteria Account & Banquet Hall

Whittier, CA
Los Angeles County


Asking Price: Annual Revenue:
$499,000 $1,260,000

Food & Beverage: Catering, Food Preparation


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RE: Catering Company, Cafeteria Account & Banquet Hall Broker: Jerry Diza

Quick Facts

Asking Price: $499,000
Annual Revenue: $1,260,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: Not Disclosed
BBN Listing #: 499357972
Broker Reference #: 18119ST

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Business Overview:

Description:
This is a well established Catering Business for over 30 years with a solid book of business and many returning customers and accounts that come back for the quality and service with absolute professionalism. There are three parts to this business.
1) A newly remodeled banquet facility with a capacity of 65-70 people
2) Full service off-side catering with cooking trailers if needed
3) A large facility cafeteria that caters to employees of the company and the visitors (no rent or utilities).
4) 58 license can be purchased from the owner

DEMOGRAPHICS:
The demographic for this business are small to large companies that hold events for their employees, schools, business luncheons, birthday parties, weddings, company picnics and themed parties.

CURRENT MANAGEMENT & LABOR:
This business is staffed to perfection and employees can handle from A to Z. Owner will assist with training after close of escrow.

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Property Features and Assets:

EQUIPMENT: As expected for a large volume catering business, there are 7 cars / vans (some with refrigeration), two full service cooking trailers, multiple walk-in coolers, walk-in freezers, extra large kitchen with extensive cooking and baking equipment. FACILITIES & OPERATIONS: The banquet room is 3,000 Square Feet with a rent of $3,800 and 10 years of lease. The equipment warehouse is 4,000 Square Feet and a rent of $2,800 a month with refrigeration for all the perishables and dry goods.The third storage facility is a 1,000 Square Feet space for the cooking trailers and additional storage with the rent of $990 a month.

Market Competition and Expansion:

MARKETING OPPORTUNITIES: Banquet room has been marketing for evening hours / dinner only and the new owner can do additional marketing for breakfast and luncheon business gatherings.

Additional Details:

  • The property is leased.
  • 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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