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Well Established Catering Service & Party Hall

Mobile, Alabama (Mobile County)

Retail - Restaurants | Retail - Other Eating & Drinking Places

$Seller Financing Available

Asking Price $250,000 Inventory $2,500* 
Gross Income $322,951 Real Estate $750,000** 
Cash Flow $111,624 Year Established 2000
FF&E $100,000* Employees 2 Full/15 Part

* included in the asking price

** not included in the asking price

This is a well established business that has three income centers: One is the well established catering business. They have a fully equipped kitchen on site and also have the equipment to take the cooking to any off site party or meeting venue. This includes a van and fully equipped trailer. They have a reputation for good food, reasonable prices and for always pleasing the clients. They offer varied menus, full service at the events, creative serving displays and much more. The business includes a large and attractive reception and party hall that is available for almost any size event. The rental of the hall is steady as the demand for a party venue is large and seems recession proof. Most of the hall rentals will include the food and catering services. The hall is used almost weekly for various church services and/or meetings plus a civic group has a catered luncheon meeting every week. In late June the business started serving lunch specializing in home cooked family style dishes. This does not add much to the overhead while increasing sales. Only serving 4 days a week, they offer a daily menu with 2 meats, four vegetables, bread, assorted desserts and drink, all for one low price. This has proven to be a big hit and will add to the profits. Project net profits will increase by $50,000 +/- annually with the lunch addition. Owner will train and offer assistance to a new owner.

Facilities: 5,118 sq. ft. building; available for lease or purchase

Seller Financing Available: Yes

Financing: Seller will negotiate financing

Support/Training: Seller will provide training

Reason Selling: Career Change

Business For Sale By

Lanier Chew

251.626.4949

Sunbelt Business Brokers

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