Deli,Market & Catering Business For Sale

FL (Relocatable)

Seller Financing Available
Deli,Market & Catering Business For Sale
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Asking Price: $745,000

Cash Flow: $203,000

Gross Revenue: $1,327,593

EBITDA: N/A

FF&E: $248,337

Inventory: $25,000

Rent: $12,000 /Month

Established: 1987

Deli,Market & Catering Business For Sale

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Business Description

Outstanding Opportunity. 32 years in operation, same management

This is the one!!! Unique Opportunity to take over a Long Established Breakfast/Lunch Restaurant, Market and full service Catering business that is all under one roof. Located on the Southwest Coast of Florida, 20+ years in business, $1.3 Million in Revenue with Owners Benefit Cash flow in excess of $200,000. Long standing area favorite with loyal repeat customers. Tremendous upside potential for a new buyer. Purchase the whole operation for $745,000, or purchase the the Breakfast/Lunch Restaurant & Market separate from the catering business. The owners are flexible.

The Catering Business generates Revenue of $700,000 a year and provides catering for over 100 weddings a year. They are a top caterer in the area with an excellent reputation and strong name recognition. This Division of the business is growing rapidly and there is a tremendous upside for a new owner. This division could be purchased separately for $400,000.

RESTAURANT

* Breakfast/Lunch foods with Daily Special Favorites

* Eclectic Modern Setting with Great Parking and Great Visibility.

* Main Thoroughfare with High Traffic Count

MARKET

* Classics & Stylized Local Favorites for Pickup and Delivery

* Preferred Choice for Loyal Individuals, Businesses & Other Local Groups

CATERING

* Proven Track Record Supported by Loyal Customer Base & Testimonials

* Profitable Award Winning Special Events Provider

* Specializes in Planning, Managing & Providing Food Service for Events of all Types

* Catering offers $ on the Books for both Current and Future Events.

* Menus vary from Simplistic to Upscale Options.

* Events include Private Parties, Picnics, Reunions, Graduations and Fund Raisers

* Strong Referral Base and Repeat Business

* Advanced Bookings into 2020

* Preferred Vendor at many sites in the Community

* Exclusive Contract with High Volume Local Venue

* Owner will finance up to $245,000 for a Qualified Buyer and Offer a considerable
Discount for a Cash Buyer.

Due to the highly Confidential nature of the Sale of this business, information will be shared with potential buyers who make inquiries, but the exact location and the name of the business will not be revealed until a buyer is serious enough to submit an abbreviated financial statement and resume to show that they have the capacity to do the deal. and resume.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,750
Lease Expiration:
4/30/2022
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Catering business occupies 1,370 sq. ft. of space in this Free Standing Building that is 6,750 Square foot in size. The other 5,400 Sq. Ft of Space is occupied by a Breakfast/Lunch Restaurant and a Market operation. There is always adequate parking in the large parking lot that fronts the building.
Competition:
Although there are other competitors in the Market, this Company is able to effectively compete by consistently delivering superior service to its loyal customer base at competitive prices. This is the premiere catering company in the market.
Growth & Expansion:
Additional growth will come from contracting for event catering as well as venue management at the many new corporate facilities opening throughout the community. A new owner could open the restaurant for dinner to generate additional income as well.
Financing:
Will finance up to $245,000 for a qualified Buyer. Large discount for Cash deal.
Support & Training:
Owners will remain on subsequent to a sale for up to 30 days to ensure a smooth transition of the business.
Reason for Selling:
Owners have run this business for 20+ years and wish to retire.
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Contact the Seller

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Hank Goldsby

Business Listed By:
Hank Goldsby

Merritt Realty Corporation

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