Catering & Party Hall, w/Real Estate Possible Financing
| Asking Price: | $1,000,000 | Inventory: | $2,500 ++ |
| Gross Revenue: | $322,951 | Real Estate: | $750,000 ++ |
| Cash Flow: | $111,624 | FF&E: | $100,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This is a well established business that has three income centers:
One is the well established catering business. They have a fully equipped kitchen on site and also have the equipment to take the cooking to any off site party or meeting venue. This includes a van and fully equipped trailer. They have a reputation for good food, reasonable prices and for always pleasing the clients. They offer varied menus, full service at the events, creative serving displays and much more.
The business includes a large and attractive reception and party hall that is available for almost any size event. The rental of the hall is steady as the demand for a party venue is large and seems recession proof. Most of the hall rentals will include the food and catering services. The hall is used almost weekly for various church services and/or meetings plus a civic group has a catered luncheon meeting every week.
In late June the business started serving lunch specializing in home cooked family style dishes. This does not add much to the overhead while increasing sales. Only serving 4 days a week, they offer a daily menu with 2 meats, four vegetables, bread, assorted desserts and drink, all for one low price. This has proven to be a big hit and will add to the profits. Project net profits will increase by $50,000 +/- annually with the lunch addition.
Owner will train and offer assistance to a new owner. Sale price includes the real estate valued at $750K.
One is the well established catering business. They have a fully equipped kitchen on site and also have the equipment to take the cooking to any off site party or meeting venue. This includes a van and fully equipped trailer. They have a reputation for good food, reasonable prices and for always pleasing the clients. They offer varied menus, full service at the events, creative serving displays and much more.
The business includes a large and attractive reception and party hall that is available for almost any size event. The rental of the hall is steady as the demand for a party venue is large and seems recession proof. Most of the hall rentals will include the food and catering services. The hall is used almost weekly for various church services and/or meetings plus a civic group has a catered luncheon meeting every week.
In late June the business started serving lunch specializing in home cooked family style dishes. This does not add much to the overhead while increasing sales. Only serving 4 days a week, they offer a daily menu with 2 meats, four vegetables, bread, assorted desserts and drink, all for one low price. This has proven to be a big hit and will add to the profits. Project net profits will increase by $50,000 +/- annually with the lunch addition.
Owner will train and offer assistance to a new owner. Sale price includes the real estate valued at $750K.
About the Business
Year Established:2000
Employees:2 full time - 15 part time
Facilities:Included in sale price. The 5,118 SQ. Ft. building has the large reception hall wwith a fully equipped commercial kitchen. Nice outside area for weddings and receptions. All this is on 2.7 acres with a gated RV/Boat Storage area. Pleanty of room for expansion.
Market Outlook and Competition:Advertising would improve awareness for the reception hall.
About the Sale
Management Training and Support:Seller will provide training
Reason For Selling:Career Change
Seller Financing:Seller will consider financing with acceptable down payment
KEYWORDS: retail, food, cater, service, restaurant, party, hall, real estate, entertainment, wedding, reception, catering, daphne, alabama, fairhope, mobile, storage, gulf, shores, orange, beach, florida, pensacola
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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