Long established family run catering company is for sale. The sellers are the landlord of a 5000 +/- sq ft building which has been especially designed for successful catering. They have been charging themselves around $8998. monthly for rent. New lease to buyer, terms to be decided by buyer's credit, FICO score, and past experience. Past catering and or restaurant (food) experience preferred.
What do they cater? Family style meals, appetizers, buffet, plated sit down, gluten free, vegan - just about anything the client wants can be ordered and catered. They do not have an ABC license or provide bar service but can refer bartenders that will fit the bill.
Average gross sales for the last three years have been $846,000.
Owner's draw is around $200,000. +/- yearly for husband and wife.
One 2012 GMC delivery van is included in the sale. (Sellers rent most of the vehicles used during catering.)
This type of business would normally be priced higher than our listing price of only $150,000. The sellers are planning for retirement and are more interested in finding a qualified buyer to lease their building rather than get top dollar for their well-known business of over 50 years. This is a turn-key operation ready for new ownership. The sellers are willing to stay on for a smooth transition and maybe available after training period as needed on a per-event basis.
A list of fixtures and equipment will be available to potential buyers along with the name and address of the business following completion of our standard NDA. An NDA is available thru this website by filling out the short form or by writing the listing agent. The seller's/landlord have a short questionnaire for potential buyers to complete before touring the premise.