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Premier Utah Caterer

Salt Lake County, UT

Seller Financing Available
Premier Utah Caterer
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Asking Price: $1,450,000

Cash Flow: $232,553

Gross Revenue: $3,619,026

EBITDA: N/A

FF&E: $700,000

Inventory: $60,000

Established: 1981

Premier Utah Caterer

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Business Description

This is a unique opportunity to acquire one of the top caterers in Utah which has received national recognition. They regularly cater some of the most exclusive events at premier venues in Utah. They also operate several profitable corporate venues. They have a strong management team and many very experienced employees. The business operates out of a spacious and modern culinary kitchen with significant storage, serving pieces and linens, and office space with capacity for further growth.

Detailed Information

Location:
Salt Lake County, UT
Inventory:
Included in asking price
Employees:
85
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Large office space and on-site extensive kitchen are at the company's location. This family-operated business has been in operation for over 30 years and has established itself as a fixture in the community as one of the prestige caterers for any special event. Recent renovations and expansion to the kitchen will enable further growth in both the personal and corporate markets.
Competition:
While there are many caterers in Utah, there are only a few who offer the highest level of food quality, service and professionalism. This business is able to handle everything from intimate family holiday meals for just ten people (including delivery service) to large, black tie, catered events for several hundred people.
Growth & Expansion:
Additional growth will come from contracting for event catering as well as venue management at the many new corporate facilities opening throughout Utah. Rental of the culinary kitchen and office space is optional for a buyer that has another facility. Alternatively, the seller will be willing to consider renting out or selling the building as a part of this transaction.
Financing:
400000.00
Support & Training:
26 weeks
Reason for Selling:
retiring
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Arthur Warsoff

Business Listed By:
Arthur Warsoff

Transworld Business Advisors of Utah County

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