Business For Sale

Food Supplier to Casinos + Catering

Las Vegas, NV
Clark County


Asking Price: Annual Revenue:
$2,750,000 $3,641,000

Food & Beverage: Catering, Food Preparation


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RE: Food Supplier to Casinos + Catering Broker: Sunil Z. Verma
License #: TREC Broker Permit:616099
Owner Financing is Available!
Business has been approved for an acquisition loan with 10% down for a well qualified Buyer with a strong resume and a financial statement.

Quick Facts

Asking Price: $2,750,000
Annual Revenue: $3,641,000
Net Profit: $685,000
Cash Flow: $599,521
Total Debt: Not Disclosed
FF&E: $500,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 40
BBN Listing #: 870144926
Broker Reference #: 17391

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Business Overview:

Rare opportunity to acquire a profitable food related business at this scale. USDA certified facility of 14,000+ square feet catering to the needs of casinos, conventions and events. Being well equipped and having the capacity and fulfil complex requests at short notice, they are the preferred vendor of local chefs.
Sales have been growing 20% or higher YOY. 2017 Sales are estimated to be approximately $3.5 mm for 2017 with a 25% net profit; 2018 sales should hit the $4 mm target easily. With employees ranging form 40 to 70 as needed, the core management staff will stay and continue to run the operations at the direction of the new owner. Seller is available for consultation for a 12 month period to guide the new owners through the entire annual cycle.
The ideal candidate to procure this business must have proven experience in running a food operation of this scale and a track record of managing employees and customers. The client base is accustomed to expecting great service and products, and in order to keep thriving, the new owner must have the knowledge and confidence of working at a fast pace.
Business has been approved for an acquisition loan with 10% down for a well qualified Buyer with a strong resume and a financial statement.

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Property Features and Assets:

14,000+ square feet USDA certified premises located close to the strip with easy access to casinos and event locations.

Market Competition and Expansion:

Sales have been growing 20% or higher YOY. 2017 Sales are estimated to be approximately $3.5 mm for 2017 with a 25% net profit; 2018 sales should hit the $4 mm target easily.

Reason for Selling:

Retiring

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.

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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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