PROFITABLE, Growing Catering Company with Real Estate Available!!

Pierce County, WA

PROFITABLE, Growing Catering Company with Real Estate Available!!
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Asking Price: $675,000

Cash Flow: $268,875

Gross Revenue: $1,400,000

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Real Estate: $450,000*

Established: 1982

*not included in asking price.

PROFITABLE, Growing Catering Company with Real Estate Available!!

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Business Description

$1M in business for 2019 already contracted!!!

This catering business is the premier Catering & Event company serving South Puget Sound. From corporate events and accounts to private weddings, birthdays, retreats, and much more they offer a customized approach to catering and full service event planning. Corporate accounts include Amazon, Amazon, Microsoft, PSE, St Joes Hospital, Indeed, etc. They have already secured $1M in sales for 2019!!!

Having been in business for over 35 years their reputation and expertise are unrivaled. Providing the best quality, value and style, they have grown this business and are looking for the next owner operator to take over as they change focus and retire from the catering industry.

Real Estate is also available to purchase in addition to the business! The landlord is asking $425,000 for the building, in addition to the business priced at $675,000. Business is Pre-Approved for business loan to qualified buyer with 20% down payment, good credit, and relevant experience.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
3,000
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Owners role is primarily team building while driving and managing growth. New owner should be ready for a hands on role, with a large upside of growth fueled by current demand and met by expansion of team and facility. Buyer with a background in culinary arts or catering, with the ability to grow a team will do very well this this business.
Growth & Expansion:
Demand is high for this business, growth is NOT limited by demand but by supply. The key to growing this business comes with expansion of the current team. A buyer with the ability to grow and manage an active team will do VERY well with this business. Add in the ability to purchase the real estate in addition to the business, expansion and investment in the facility will pay dividends in continued growth and increased event opportunities. Business holds contracts with Amazon, Microsoft, PSE, St Joes Hospital, Indeed, and many others. Sales are increasing as more corporate accounts are created as well as existing accounts expanding. One off and private events are also a good portion of the business, expected to bring in over $400k in 2019, in addition to the $1M in contracted business.
Support & Training:
4 weeks
Reason for Selling:
change of focus
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Kevin Moen

Business Listed By:
Kevin Moen

Transworld Business Advisors Renton

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