Profitable Catering business for sale in Southern suburb of Denver

Castle Pines, CO (Douglas County)

Profitable Catering business for sale in Southern suburb of Denver
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Asking Price: $169,999

Cash Flow: $86,365

Gross Revenue: $561,427

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,522 /Month

Established: 2001

Profitable Catering business for sale in Southern suburb of Denver

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Business Description

Amazing opportunity with CATERING!

Buy this profitable Catering business for sale with revenue of more than half a million dollars and earnings for an owner operator of $86,365. Long term operation and lending available on opportunity with full hotel/restaurant liquor license that transfers to new owner.
The current owner has been operating this catering business for sale in this location for over 17 years. It was an Italian restaurant and pizzeria through the middle of 2018 when it was converted to a catering business with sales currently over $500,000 per year. The current operation nets more than $85,000 to an owner operator. Continue to run it as a catering company or convert back to a restaurant. There are no restrictions in the lease so you can bring almost any concept you want.
Bring 25% down on this catering business for sale location generating strong revenue and this should qualify for SBA lending. Don't wait weeks, we'll have you approved in days on this opportunity offered by offered by We Sell Restaurants with just 20% down and a ten-year term.
Right sized at 1,900 square feet indoors and seating for about 50 people. The lease currently is $4515 per month including triple net. A new lease will need to be negotiated with the landlord.
This catering business for sale has a kitchen that is a fully equipped with 2 large pizza ovens, a twelve-foot hood and grease interceptor. This will allow a new owner to bring any concept they wish. You can continue to run this as a catering business which means not working the long hours of the restaurant business. Or you can operate it as a restaurant/catering. This has been a very successful changeover for the business. You can cater either off site or people also will have events outside of the restaurant.
This catering business for sale was very successful as an Italian restaurant serving up great pizza for many years and the opportunity is there to convert it back to this. Due to some health issues it was converted to full time prep and delivery. Full liquor license, strong earnings and lending make this an excellent opportunity. Bring Your Offers!

Detailed Information

Location:
Castle Pines, CO
Real Estate:
Leased
Building SF:
1,900
Lease Expiration:
12/31/2019
Employees:
18
Facilities:
True 3 door refrigerator Hobart Slicer Bloemhof Bench Dough Roller True 2 door refrigerator Blodgett Converyor Pizza Oven 2 Contenental 1 door Refrigerator Freezer Hobart 60 quart Mixer Univex 30 quart mixer Starmax gas griddle Southbend 6 burner range Southbend Convection Oven 2 Metro Proofing Cabinet Microwave oven True Deli Eaglebrite shelving Tabco wood top table Tabco ss table Tabco ss table 1 comp veg sink w 18 inch drainboard can rack 2 floor racks Security Cameras Tables Chairs Tall Tables Tall Chairs Smallwares Chaffer Hot Boxes 2 Cambro Drink Dispensers 2 Cambro Ceramic Plates Side Plate Flatware Misc
Competition:
Can bring any concept as their are no restrictions in the lease
Growth & Expansion:
Growing area with many retail and housing nearby
Support & Training:
as needed
Reason for Selling:
Health
Business Website:
http://www.wesellrestaurants.com
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Contact the Seller

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John Jordan

Business Listed By:
John Jordan

We Sell Restaurants

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Memberships & Certifications:
Indicates membership in The Colorado Association of Business Intermediaries (CABI).


Sponsoring Broker:
Eric Gagnon

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