Catering-Weddings / Corp Events Nets $583,000 Year

Not Disclosed, NJ
Middlesex County

Active commercial avenue

Asking Price: Annual Revenue:
$1,295,000 $2,035,492

Food & Beverage: Catering, Food Preparation

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RE: Catering-Weddings / Corp Events Nets $583,000 Year Broker: Customer Service
Owner Financing is Available!
SBA bank and seller financing is available for this transaction and to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Quick Facts

Asking Price: $1,295,000
Annual Revenue: $2,035,492
Net Profit: Not Disclosed
Cash Flow: $583,000
Total Debt: Not Disclosed
FF&E: $938,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 12
BBN Listing #: 54073909
Broker Reference #: CATR167

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Business Overview:

Owner retiring after many years of success, servicing central New Jersey residents for all of their catering and social needs. The company has a yearly gross income of $2,035,492 and a consistent net yearly income of $583,000. It is estimated, seventy percent of their yearly gross income is based on repetitive corporate accounts which include various New Jersey state Universities, colleges, and government agencies. This company is highly rated for their outstanding Wedding Catering, Bar Mitzvahs, Bat Mitzvahs, Corporate Events, and many other special catering events. This is a highly respected catering company with generations of good will to their many customers and been rated as one of the largest most successful catering companies in the state of New Jersey. This is a dependable safe business opportunity and based on the asking price, available financing and yearly net income, this business expects to supply a consistent return on investment to the owner operator.

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Property Features and Assets:

This business opportunity is in north central New Jersey, Middlesex / Somerset / Mercer Counties on a highly active county road conveniently located for quality service and delivery. This business facility consists of approximately 2,400 square feet with a modern, attractive, and professional appearance. The business is in a free-standing retail facility conveniently located for its various customers. The facility is designed for high volume food production consisting of a fully equipped commercial kitchen.

Market Competition and Expansion:

Regarding competition, based on the style of industry, to the best of our knowledge, no other new competitors are expected to affect this company. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Reason for Selling:

Owner retiring.

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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