Premier Catering and Party Rental in South Florida

Miami, FL (Miami-Dade County) (Relocatable)

Premier Catering and Party Rental in South Florida
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Asking Price: $600,000

Cash Flow: $240,076

Gross Revenue: $604,750

EBITDA: N/A

FF&E: N/A

Inventory: $350,000

Rent: $3,500 /Month

Established: 2015

Premier Catering and Party Rental in South Florida

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Business Description

This company is a Miami based business providing an integrated combination of catering, party rental and event planning services. Their reputation for premium performance has allowed them to acquire an impressive list of blue chip clients from both the corporate and celebrity world. Their ability to provide a full spectrum of premium services gives them a unique position in the marketplace as a convenient one stop operation. The company has experienced continual growth with improved margins and a largely recurring revenue stream over the past few years. Despite the growth there is ample opportunity for a new acquirer to continue to grow the business and build upon the platform they have developed. The turnkey operations, with personnel, assets, and blue chip clientele in place, make this an ideal investment for an acquirer seeking instant access to this marketplace.

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Detailed Information

Location:
Miami, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
N/A
Employees:
30
Facilities:
The company operates from a 5000sf warehouse in Miami
Competition:
-Stellar reputation and history for consistently and professionally producing outstanding and unique catering experiences and premium reliable party rental equipment. -Equipment are in excellent condition and constantly being upgraded. The variety of menu items combined with the Chef’s reputation give them a niche competitive advantage over everyday caterers. -Blue chip clientele with many institutional clients, Celebrity clientele. -Turnkey operation . Operational team in place. They have adjusted the business model to focus on acquiring and maintain the type of clientele that will maximize sustainability and improve profit margins.
Growth & Expansion:
-Increase sales by initiating a dedicated sales and marketing program. Adding administrative personnel to allow the owner to divest himself on day to day operations and focus on business development. Increase inventory to meet demand. -Expand current warehouse space and fleet to accommodate growth. Further geographic reach by acquiring other companies or setting up satellite operations and replicating the model. -Take advantage of opportunities that they previously turned away due to lack of resources or focus, including the purchasing of new equipment. -Strategic alliances for marketing and events with client base.
Support & Training:
The owner will provide support post transaction for at least 90 days and possibly more depending upon deal structure.
Reason for Selling:
The company has outgrown the owner.
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(from currently available funds)
 
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Michael Weihl

Business Listed By:
Michael Weihl

Sirius Business Advisors LLC

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