Highly Profitable Catering, Deli & Carry Out Bu...

Northeastern Ohio, OH


Asking Price: Annual Revenue:
$249,900 $557,428

Food & Beverage: Suppliers, Vending


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RE: Highly Profitable Catering, Deli & Carry Out Bu... Broker: Jeffrey Bury
Owner Financing is Available!

Quick Facts

Asking Price: $249,900
Annual Revenue: $557,428
Net Profit: Not Disclosed
Cash Flow: $100,705
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 1970
Employees: 10
BBN Listing #: 503238814
Broker Reference #: NORTHOH001-N352

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Business Overview:

Highly profitable Catering, Walk-In Deli and carry out in the growing institutional food service space. Proven over 50 years with potential pseudo absentee ownership with well trained staff/management in place. Great 7,200 SF facility for sale or lease and exclusive arrangements with a 6,000 SF special events hall for weddings, etc. Possible seller financing for a portion of the purchase price if seller approved. Voted #1 caterer in this large county surrounded by 3 major metropolitan cities including a major university athletic training facility. Recipient of the county’s outreach award. Largest deli and caterer in this area of the state and a prominent provider to area corporate entities. Recipes are very valuable and go with the sale including being famous for numerous dishes, land is .57 acres, 2 story building with 3 apartments up and garage in back is 7,200 SF on a highly visible major thoroughfare with ample parking available for lease or for sale for $300,000. Rent alone is $15,300/year. Gross sales of $557,428, Seller discretionary cash flow of $100,705. Furniture, fixtures, equipment of $75,000 includes freezer, one walk-in cooler, 8 bay hot cart, flat hot cart, pizza prep table, 3 blower ovens, 6 burner gas range, chargrill, 2 basket fryer, 20 and 8 gallon steam kettles, 2 cabinet steamer and 2 stand up steamers. Extensive seller training may be arranged. Valuable recipes. Seller may consider financing 50% of business sell price if approved. Very valuable exclusive rights to use a 6,000 SF special event hall. If you have been looking for a turnkey, possible pseudo absentee caterer and deli with great name, reputation, customer base, training, recipes with lease or real estate purchase potential in a prominent, industry leading Northeast Ohio location, check this one out. The information contained herein has been secured from the Seller. Sunbelt Business Brokers of Northern Ohio does not warrant or guarantee in any way whatsoever either the accuracy or the correctness of the information or any assumptions or inferences there from. Buyer should conduct his or her own diligence before buying. This information is subject to change without notice.

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Reason for Selling:

Retirement

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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