Well established catering business with strong clientele

Syracuse, NY (Onondaga County)

Seller Financing Available
Strong clientele and catering processes

Asking Price:$98,000

Cash Flow:$82,000

Gross Revenue:$182,000

EBITDA:$64,000

FF&E:$45,000

Inventory:$3,000*

Established:1988

*not included in asking price.

Well established catering business with strong clientele

Get Financing Save Print Share Valuation Report

Business Description

Well established off-premises catering company will exceed $180K revenue in 2016 with high margins. With 30 years experience, the business offers a large network of clientele and connections that will help the new owner grow at the pace he/she would like. This is a turn-key business that is positioned for growth and is ripe for an aspiring entrepreneur.

Detailed Information

Inventory:
Not included in asking price
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Owner is selling a turnkey catering business with all equipment and supplies necessary to service small to large catering events, a vibrant web site, an outstanding location with flexible terms for the buyer to purchase or lease the building space, and vehicles.
Competition:
Very little competition in the central New York area. This business is uniquely positioned to dominate the off-premises catering market.
Growth & Expansion:
This market is under-served and the company has recent military contracts and repeat business of almost $100K. Owner is forecasting 2016 to be his biggest revenue year yet, and double-digit growth is achievable for years to come.
Financing:
Up to 25% for qualified buyers
Support & Training:
Experienced owner will stay on to train the new owner and is flexible to offer ongoing marketing and other support.
Reason for Selling:
Owner is retiring and pursuing other interests.

Listing Statistics for Premium Members

Ad#:1261682 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

James Hickey

Business Listed By:
James Hickey

Business Acquisitions, LLC

Show Phone Number

View My Listings


Sponsoring Broker:
Jim Eaton

Find out more...

Get more details about this business.


Similar Listings


Bonchon

Franchise Opportunity
Capital Required: $300,000