Catering Company w/ Passive Owner

Toronto, ON

Seller Financing Available
Catering Company w/ Passive Owner
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Asking Price: $2,490,000

Cash Flow: $637,372

Gross Revenue: $3,777,228

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1989

Catering Company w/ Passive Owner

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Business Description

Earning over $3.7 million in revenue during 2018, this premier Toronto catering company exemplifies a conscientious approach to delicious food and refined service. Catering is mostly provided to corporate clients holding lunches, events, parties, and conventions with some individual clients throwing private events throughout the year. Menus are customized for each event and considerations can be made for any dietary restriction. The international approach allows for a great diversity in menu options including food from popular culinary cuisines including, but not limited to French, Italian, Chinese, Indian, and Thai. Service options include plated sit-down meals, food stations, items passed by waitstaff, grazing stations, buffets, and boxed lunches. The owner oversees operations but is not involved in the day-to-day management.

The full-operational catering facility features a large kitchen, a pastry area, refrigerators and freezers, loading bays with garage doors, storage, and several private offices. The 4,400 square feet of space contains all necessary equipment and tools to bring the menu to life. The General Manager oversees operations, while the chefs develop menu items and direct the production staff. All culinary assistants, bartenders, and waitstaff are contracted, keeping employment overhead low. Four sales representatives develop relationships with clients and drive sales throughout the year. In order to continue growth, this sales team could develop targeted advertisements or seek to build the lunch catering opportunities available throughout the week.

Attached Documents


Detailed Information

Employees:
9
Facilities:
4,400 sq. ft.: Fully operational catering kitchen, pastry kitchen, refrigerators and freezers, loading bays with garage doors, storage, private offices
Growth & Expansion:
Advertise to draw in new clients, build lunch catering opportunities
Financing:
15%
Support & Training:
90 days or as negotiated
Reason for Selling:
Exit strategy
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Cortney Sells

Business Listed By:
Cortney Sells

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