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Event Caterer with a prestigious exclusive venue.

Mercer County, NJ

catering event
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Asking Price: $219,000

Cash Flow: $89,000

Gross Revenue: $798,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,876.60 /Month

Established: 1991

Event Caterer with a prestigious exclusive venue.

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Business Description

This event caterer and has been the foremost catering company in Mercer County and neighboring Bucks County PA. It was established in 1991 in the heart of Princeton NJ. They quickly gained a loyal following and widespread recognition for wonderful food, amazing cakes and terrific service. They have an exclusive catering contract with a prestigious and beautiful venue plus they are the preferred caterer at many other venues. The café serves as the kitchen avoiding the need for contract kitchen facilities. Many advanced bookings in hand for the remainder of 2019 & 2020with revenue projected to total $1,000,000 this year.

Detailed Information

Location:
Mercer County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,514
Lease Expiration:
11/30/2023
Employees:
11
Facilities:
Cafe / kitchen for breakfast and lunch customers and for preparing catered meals.
Competition:
Although there are other caterers in the area this caterer has a reputation that is second to none. They were chosen to manage all events at a very prestigious venue. They have a long list of satisfied customer referrals. They are the preferred at many area venues.
Growth & Expansion:
There is a tremendous opportunity to keep growing the business. The past three years have averaged 14% growth year over year. The first five months of 2019 is 157% above last year.Their market area is very well to do and full of businesses who entertained employees and customers.
Financing:
depending on offer
Support & Training:
Owner will provide reasonable transition period.
Reason for Selling:
Owner retirement
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(from currently available funds)
 
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Paul Visokey

Business Listed By:
Paul Visokey

Stony Hill Advisors

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Sponsoring Broker:
Paul Visokey

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