Profitable Catering Business

GA (Relocatable)

Profitable Catering Business
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Asking Price: Get Financing: $350,000

Cash Flow: $125,157

Gross Revenue: $260,416

EBITDA: N/A

FF&E: $45,000

Inventory: $45,000

Lease Rate: $1,600 /SF/Month

Established: 2007

Profitable Catering Business

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Business Description

This profitable catering business has a great client base with estimated corporate and personal clients. With potential of building even more of a client base as desired.

Owner looking to retire from a well-established and success catering business. Purchase of business to include all commercial kitchen cooking, refrigeration, warming and serving equipment. Also, to include all catering buffet equipment including chafers, beverage station equipment, serving trays and stands, buffet display trays/equipment and table linens. Glassware for rentals including 200 glass dinner plates, 200 glass salad/dessert plates, approx. 350 footed beverage glasses, 200 Irish coffee mugs, 200 wine glasses, 200 champagne glasses, 200 martini glasses, 400 sets of stainless steel silverware and 200 gold chargers. Tasting area of business to include farmhouse style table and chairs, showroom style wall unit and display tables. Rights to currently booked contracts/business, current book of business and website. Current owner to sign over title and provide documents for 2013 Dodge catering van. All recipes and established menus and contracts. Current owner will remain available to new owners as needed for two months following the purchase to assist with quoting, holding tastings, prep and onsite catering. The catering business is located south of Atlanta in a 1,300 square foot suite with a small shopping complex. The suite is located convenient to a major highway with signage. Two years remaining on current lease of space.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,300
Lease Expiration:
8/1/2020
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Currently in a small shopping center on two main highways. This is a leased space that includes water and trash removal from property. The kitchen space has a separate pantry area and storage area away from the kitchen tasting area for clients. The tasting area or showroom has rentals on display as well as photos for prepared foods and photos of vendors we work closely with.
Competition:
The catering business serves to many well known corporate clients as well as many clients for their weddings and other events. We pride ourselves with excellent services as well as high quality of good and presentation. Along other caterers in the area we compete very well holding our own.
Growth & Expansion:
The business does have the potential of growing very quickly depending how much a new owner wants to put into the company. Inquires and calls are always coming in looking for catering services.
Financing:
Requiring 75% up front of asking price with owner financing of balance of 25%
Support & Training:
Owner to be available for weekday training within the prep kitchen with limited weekends to train onsite for one month. Available via phone for one month after. No charge for training. We do have a well estimated menu with recipes that have proved over time to make a profit and serves well.
Reason for Selling:
Owner is Retiring and Moving
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Business Listed By:
Mary Jean Hays

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