Fast Growing Gourmet Caterer in Midtown

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Fast Growing Gourmet Caterer in Midtown for Sale!
Asking Price:
$5,900,000

Gross Revenue:
$9,476,375
Cash Flow:
$1,485,751
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

The culinary team and service staff at caterer are focused on a delicious experience for every client. Whether it’s a brainstorming breakfast for 12, lunch for corporate meetings large and small or elegant private dinners and receptions for key clients, the make certain that your food and service expectations are well exceeded. On average, they cater more than 22,000 meals every week from their midtown kitchen. Catering events include Breakfast & Lunch Meetings, Seminars & Training Sessions, Gourmet Box Lunches, Fashion Shows, Charity Balls, Product Launches, Intimate VIP Lunches & Dinners, Cocktail Receptions, Birthdays, Weddings, Bar/Bat Mitzvahs, Christenings, etc.

About the Business

Location:
New York, New York
Year Established:
2004
Number of Employees:
80
Facilities:
Started in 2004 by a chef focused on innovation, this has experienced double digit revenue growth, making it one of Manhattan’s most prestigious catering companies by creating affordable food from scratch using fresh, quality ingredients.
Market Outlook/
Competition:
NYC has many caterers, but few offer the combination of innovation, fresh ingredients, service and value.
Growth & Expansion:
Revenue growth will come organically and from more aggressive local marketing, business development efforts and adding a downtown location. Merging the operation to an existing company can decrease expenses and increase operating profit.
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About the Sale

Reason For Selling:
relocating
Training/Support:
4 weeks

Listing Info

ID:
1077860
Ad Detail Views:
582

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Business Listed by

Transworld Business Advisors

Transworld Business Advisors of NY

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