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Custom Catering Co.

Passaic County, NJ

Seller Financing Available
Custom Catering Co.
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Asking Price: $199,900

Cash Flow: $60,000

Gross Revenue: $228,909

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Real Estate: N/A

Established: 2001

Custom Catering Co.

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Business Description

Owner is retiring from this highly successful boutique catering company located in Northern New Jersey, in the county of Passaic. This twenty-year-old company has a wonderful highly successful reputation for high quality food, customized catering and professional service. The company has had a consistent and profitable income for many years and offers a wonderful lifestyle for the new generation. The company’s income consists of 60% social events and 40% corporate services, including highly lucrative film and TV location catering. The company averages approximately 150 events yearly which can be further increased with an improved marketing campaign. The company’s catering emphasis on quality ingredients, professionalism and attention to detail guarantee a successful event, every time. The company has a long-standing reputation for accommodating specialty diets and are one of the few area full-service caterers offering a broad vegetarian/vegan catering menu. The company has also been successful at capturing gluten free catering clients. Their philosophy is that every event should be distinctive, festive and stress free. Their clients and their guests are often repeat customers, trusting that their uncompromising standards for food, service and attention to detail will always be met. They have catered thousands of events of all sizes, throughout New Jersey and metro New York since 2001 and retain their own in-house staff of chefs, waiters and bartenders. From set-up to service to clean up, their professional staff does it all. This catering company consists of 1 full time and 18 part time employees who are aware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing. This successful catering company operation is active based on event calendar. The 2018 yearly gross income represented by the seller owner is $228,909 and the business has a consistent yearly net income of $60,000 based on an onsite owner operator and prior to any debt service. The 2019 company’s gross income is expected to be greater to the previous year. Also, a formal due diligence is recommended by the purchaser. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

Attached Documents


Detailed Information

Location:
Passaic County, NJ
Real Estate:
Owned
Building SF:
1,366
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This food service and catering company has a non-retail facility which consist of approximately 1,366 square feet of fully equipped commercial kitchen space and a separate two bay garage with off and legal on street parking. The business is in a single unit property on a convenient road close to major highways. This opportunity is in Northern New Jersey, Passaic County, which consists of various company’s and highly populated communities with continued demand for this service.
Competition:
To the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
The business opportunity can be further expanded by the new operator by improving the existing marketing plan, mining daily contacts and the robust local advertising. Additionally, the company has 2 existing twenty-year-old organically optimized “.com” web sites, a wide range of 4- & 5-star reviews and broad cross-platform optimization. Further paid social media engagement, online advertising and robust marketing would increase sales.
Financing:
May be considered to a qualified, experienced buyer.
Support & Training:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
Owner is retiring and relocating out of the area.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

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