Seattle’s Premier Dessert Catering Company

Seattle, WA (King County)

Seattle’s Premier Dessert Catering Company

Asking Price:$75,000

Cash Flow:N/A

Gross Revenue:$300,455

EBITDA:N/A

FF&E:$3,500

Inventory:$2,000*

Rate/Sq. Ft.:N/A

Established:2010

*not included in asking price.

Seattle’s Premier Dessert Catering Company

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Business Description

Founded in 2010, this dessert catering company dominates the Seattle market with its sweet treats that make you smile. The company has grown by leaps and bounds because of its integrity, the quality and uniqueness of its products, its consistency, and its award winning attitude towards customer satisfaction and service. The company does 40% corporate events, 15% wholesale, 25% weddings and personal events, and 20% retail at Century Link Field. The business has an annual contract to sell their products at Century Link field for the Seahawks, Sounders, and concerts. There are two specially designed Kiosks included in the sale of this business. The business occupies three spaces (totaling about 1900 square feet) divided up into the fully equipped kitchen, the showroom and office, and an additional rental space that brings in a rental income of $600 per month. The kitchen includes 3 freezers, 3 refrigerators, 2 ovens, and 2 mixers along with prep tables and storage. The company’s biggest wholesale account is Microsoft Cafes in Redmond and Bellevue. The current owner only works 10 hours per week and is selling to spend more time with her family. The business needs a full time owner who operates and guides the business on a daily basis. The new owner could easily expand this business with more advertising, an enhanced website, and an aggressive campaign to bring in more corporate accounts. . The wholesale market is another area that the new owner could increase revenues and profit – the current owner has done very little to expand this market. The new owner could also lease out the kitchen area as a commercial kitchen when the business is not open. The businesses high season is coming up (Thanksgiving to Christmas) take advantage of the increased cash flows and buy now.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
10/31/2017
Employees:
2 FT / 8 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business occupies about 1900 square feet plus has another 500 square feet it subleases for $600 per month. The business has about 800 square feet in the bakery and kitchen area and 800 square feet in the showroom and office. There is an additional 300 square feet of storage area. The total rent is $2772 per month. The lease runs to 8/31/2017 and has a 5 year option to extend the term.
Competition:
This is the premier dessert catering company in Seattle for Corporate Events and has established itself as the leader in this niche market. The company has grown by leaps and bounds because of its integrity, the quality and uniqueness of its products, its consistency, and its award winning attitude towards customer satisfaction and service.
Growth & Expansion:
The business needs a full time owner who operates and guides the business on a daily basis. The new owner could easily expand this business with more advertising, an enhanced website, and an aggressive campaign to bring in more corporate accounts. The wholesale market is another area that the new owner could increase revenues and profit – the current owner has done very little to expand this market. The new owner could also lease out the kitchen area as a commercial kitchen when the business is not open.
Support & Training:
The Seller will provide 2 weeks of onsite training on the day to day operation of the business, recipes for all the baked goods, and introduction to all the clients.
Reason for Selling:
The owner is selling to spend more time with her family

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Kirk L. Edwards, CBB, CBIS

Business Listed By:
Kirk L. Edwards, CBB, CBIS

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