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Exclusive Catering Business
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1802160
Net Profit / Cash Flow $434789
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1997
Number of Employees 6 - 9
Inventory 525000 Equipment & 5000 Inventory
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training The seller will remain post closing for two months and supply a transitional period.
Reason for Sale The owner is retiring & relocating after many years of success.
Description Highly profitable exclusive off premise Caterer with a gross income of $1,800,000 and a standard 25% net return to the owner. This successful Caterer is a full service off premise provider of everything from the highest quality, most innovative prepared foods to tables, linens & equipment. Based on the purchase price and net income purchaser will obtain a 40% yearly return. They take as much pride in a 15-person catering as 1000 people. The company has a wonderful reputation and provides one-stop shopping for all of corporate, residential and specialty events. Their client base is extensive and they are the leading food service provider for the pharmaceutical industry in much of the metropolitan NJ& NY area. They also deal frequently with Fortune 500 companies such as NYSE, AMEX, Morgan Stanley, Unilever and more. The facility has private parking on the site and part of the commercial lease agreement. As a non retail company the business is operational six days per week based on the particular catering with routine hours from 7:00 am to 4:00 pm. The company also services real estate brokers and cater personal occasions such as weddings, christenings and birthdays. The company has 15 years experience in the catering industry, provides every possible advantage to their clients. They can successfully cater all types of events including residential hor s d eourves parties as well as corporate dinners and fundraisers, weddings and other personal milestones and any menu can be designed for any event. The existing business has eight full time employees who function in the kitchen and responsible for the preparation of the food. This caterer supplies a full rental menu of equipment that is required in this industry.
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