Business For Sale

Upscale Catering with Consistent Profits

Not Disclosed, NE
Sarpy County


Asking Price: Annual Revenue:
$385,000 $723,367

Food & Beverage: Catering, Food Preparation


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RE: Upscale Catering with Consistent Profits Broker: Cortney Sells
Owner Financing is Available!
10% of purchase price.

Quick Facts

Asking Price: $385,000
Annual Revenue: $723,367
Net Profit: Not Disclosed
Cash Flow: $129,437
Total Debt: Not Disclosed
FF&E: $81,846
Real Estate: Not Disclosed
Year Established: 1986
Employees: 11
BBN Listing #: 685534398
Broker Reference #: REC014

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Business Overview:

For over 30 years, this upscale catering and cocktails business has shown consistent profits. Specializing in elegant and tasteful events from weddings to corporate parties, menus range from breakfast to picnic specials. With both catering and liquor licenses, the owner has begun offering cocktail-only events without food. This is a great area for growth and promises to be a fantastic revenue earner.

Located in a strip mall, the company occupies 3 bays at 2,583 square feet, and is leased for $1,750 per month, or $21,000 per year. The large space allows for the 7 kitchen staff to prepare up to 1,200 plates per day. Currently, the busy months of May and June see just 900 plates/day with the remaining months seeing 600 plates/day. This allows for easy growth by up to 50% without the need for additional space!

Aside from the kitchen staff, there are 2 office staff and 2 packing specialists, as well as 25 part-time event workers. The seller does not prepare food, but does handle billing and meeting with prospective clients, who are 60% commercial and 40% residential. Of these clients, not one makes up more than 10% of sales.

Looking to work on new business ventures, the seller will finance 10% of the $385,000 purchase price. Contributing a 10% down payment of $38,500, a new owner could see a first year’s profit of $68,150 after debts.

List Price: $385,000
Gross Sales
2016: $723,367
2015: $721,589
2014: $674,138
Owner Profit/Cash Flow
2016: $129,437
2015: $113,882
YOY Trends: Consistent 18-19% profit margin

Business Information
Year Established: 1986
Location and Service Area: Omaha metro
Demographics: Clients split 60% commercial, 40% residential; no client makes up more than 10% of sales
Capacity: Ability to cater 1,200 plates/day – currently caters 900 during May/June and 600 the rest of the year
Lease: $1,750/month for 3 bays in a strip mall (2,583 sq. ft.)
Reason for Selling: New business ventures
Employees: 5 Full Time kitchen staff, 2 Part Time kitchen staff, 2 office staff, 2 Full Time packing specialists, 25 Part Time workers for events
Seller Training Period: 90 days
Growth Opportunities: Seller has started offering bar/cocktails without food and predicts easy growth by 20% in a short time by offering cocktail catering
Current Owner’s Responsibilities: Handles billing and meets with prospective clients.

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Property Features and Assets:

Assets Included in Purchase: $81,846 Equipment: $41,486 – washer, dryer, towels, bar, slicer, fryer, portable flattop grill, 2 walk-in coolers, 2 commercial freezers, shelving, workstations, 5 ovens Vehicles: $40,000 - Ford F250 Van, Ford F150 Van, Chevy Express Van, Buick Rendezvous Intangible Assets: Established name and positive reviews; website, Facebook, blog, LinkedIn Inventory: purchased as needed for events *amounts may vary

Market Competition and Expansion:

Seller has started offering bar/cocktails without food and predicts easy growth by 20% in a short time by offering cocktail catering.

Reason for Selling:

New business ventures.

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.

Documents:

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