Profitable Restaurant/ Catering Business for sale in Southwest Florida

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Profitable Restaurant/Catering Business--Tremendous Growth Potential
Asking Price:
$795,000

Gross Revenue:
$1,327,593
Cash Flow:
$167,243
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$25,000
included in asking price

FF&E:
$248,337
included in asking price

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Business Description

NEW LISTNG---DON’T MISS THIS OPPORTUNITY. Established Breakfast/Lunch Restaurant/To Go and Catering business located on the Southwest Coast of Florida. This is one of the two top catering businesses in the area. The catering business generates strong income and could be purchased separately from the restaurant.

Strong name recognition and an outstanding reputation in the community will be a huge plus to a buyer of this business. This eco-friendly business is a long-standing area favorite with loyal repeat customers and comes fully equipped and staffed with a strong energetic long-term team of employees.

The restaurant offers a variety of classic breakfast/lunch foods with daily special favorites and is situated on a site that is an eclectic modern setting with great parking and great exposure. It is ideally located on one of the highest trafficked thoroughfares in the area. To Go Food Menus, offer classics and stylized local favorites for pickup and delivery. To Go Menu Options are a preferred choice for loyal individuals, businesses and other local groups and afford a regular repeat clientele. Many options for business growth.

Business is “Go To” Caterer in the area for all special events and has a proven track record supported by a loyal customer base and testimonials. It is a profitable award-winning TURNKEY Special Events provider that specializes in planning, managing and food service for events of all types. Catering offers $ on the books for current and future events including Weddings, Corporate and Social Events. Menus vary from simplistic to upscale options with many service styles. Events include Private Parties, Picnics, Family Reunions, Graduations and Fund Raisers. Referrals and repeat business make up a large portion of their book business. This coupled with advanced bookings well into 2020, will assure a new owner of continued success. It is important to note that this company is the preferred Vendor at many sites in the community and has an exclusive contract with a large customer that generates a nice income stream annually. Great opportunity to purchase this portion of business for existing caterer.

*Please note that a new lease is pending and this information will be updated once the terms are finalized.

Due to the highly Confidential nature of the sale of this business, Information will be shared with potential buyers who make inquiries, but the name and exact location of this business will not be revealed until a buyer becomes interested enough to submit an abbreviated financial statement and personal resume to prove that they are a serious buyer who has the capacity to do the deal.

About the Business

Year Established:
1987
Number of Employees:
16
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
6,750
Facilities:
** Lease being negotiated. The Catering business occupies 1,370 sq. ft. of space in this Free Standing Building that is 6,750 Square foot in size. The other 5,400 Sq. Ft of Space is occupied by a Breakfast/Lunch Restaurant and a Market/Deli operation. There is always adequate parking in the large parking lot that fronts the building.
Market Outlook/
Competition:
Although there are other competitors in the Market, this Company is able to effectively compete by consistently delivering superior service to its loyal customer base at competitive prices. This is the premiere catering company in the market.
Growth & Expansion:
Additional growth will come from contracting for event catering as well as venue management at the many new corporate facilities opening throughout the community. A new owner could open the restaurant for dinner to generate additional income as well.
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About the Sale

Reason For Selling:
Owners have run this business for 30+ years and wish to retire.
Training/Support:
Owners will remain on subsequent to a sale for up to 30 days to ensure a smooth transition of the business.
Seller Financing:
Some Financing for a Qualified Buyer

Listing Info

ID:
1606627
Ad Detail Views:
0

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Business Listed by

Hank Goldsby

Merritt Realty Corporation
License# SL3280549

 Show Phone Number

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