Business For Sale

Event Caterer with Exclusive Prestigious Venue

Not Disclosed, NJ
Mercer County

prime upscale market


Asking Price: Annual Revenue:
$250,000 $850,000

Food & Beverage: Catering, Food Preparation


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RE: Event Caterer with Exclusive Prestigious Venue Broker: Stony Hill Advisors
Owner Financing is Available!
Owner financing possible for offer in excess of asking price.

Quick Facts

Asking Price: $250,000
Annual Revenue: $850,000
Net Profit: Not Disclosed
Cash Flow: $98,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1991
Employees: 11
BBN Listing #: 196732171
Broker Reference #: V1552

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Business Overview:

This event caterer and has been the foremost catering company in Mercer County and neighboring Bucks County PA. It was established in 1991 in the heart of Princeton NJ. They quickly gained a loyal following and widespread recognition for wonderful food, amazing cakes and terrific service. They have an exclusive catering contract with a prestigious and beautiful venue plus they are the preferred caterer at many other venues. The café serves as the kitchen avoiding the need for contract kitchen facilities. Many advanced bookings in hand for the remainder of 2018 with revenue projected to total $850,000.

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Property Features and Assets:

Cafe / kitchen for breakfast and lunch customers and for preparing catered meals. 1,514 square feet.

Market Competition and Expansion:

Although there are other caterers in the area this caterer has a reputation that is second to none. They were chosen to manage all events at a very prestigious venue. They have a long list of satisfied customer referrals. They are the preferred at many area venues. There is a tremendous opportunity to keep growing the business. The past three years have averaged 14% growth year over year. Their market area is very well to do and full of businesses who entertain employees and customers.

Reason for Selling:

Retirement

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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