Seller's Contact Information

  • RE:  Off Premise Caterer Nets $490,000
  • Contact:  Customer Service
Owner Financing is Available!
Also, 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: $795,000
Annual Revenue: $2,248,683
Net Profit: $490
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: 738,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 12
BBN Listing #: 94873909
Broker Reference #: CATR169

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Business Overview:


Food distribution, Forty-year-old food distribution company as an off-Premise catering company, with no retail services, 100% of its products are delivered to it many customers. Owner is now retiring after many years of success, servicing central New Jersey residents for all of their catering and social needs. The company has a 2022 yearly gross income of $2,248,683.56 and a substantial net yearly income which can be evidenced by a formal due diligence. 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 off premise services such as 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 is approximately 2,400 square feet consisting of a commercial kitchen, store, and office with a 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. The business fixed assets have an estimated value of approximately $538,000 which is based on replacement cost, representing equipment, licensing, etc. The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial catering operation, which includes, required municipal licenses, web site, social media venues, delivery vehicles, full commercial kitchen, vehicles, shelving, POS system, computers & software including all the necessary equipment to maintain the daily business operation and a list of assets will be supplied to purchaser upon request.

Reason for Selling:

Owner retiring.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Documents:

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