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Catering And Banquet Company For Sale
Location Texas,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1800584
Net Profit / Cash Flow $262600
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1992
Number of Employees 35 - 49
Inventory 54205
Relocatable No
Number of Employees 35 - 49
Real Estate Owned
Training 12-24 weeks.
Reason for Sale The seller has other business interests.
Description For the past 19 years, this catering business has become one of the top destinations for a person or group's banquet and meeting needs. They have worked towards and have earned the reputation of a premiere banquet destination in San Antonio. Several years ago, the business bought a banquet hall and a lunchtime eatery that allows them to deliver a unique experience unlike any in the market. The eatery is also used as a banquet hall and for private parties. In addition to the business' successes, there is the option for further growth by adding additional parking and a courtyard to the existing building. Not only will this increase revenue, but build upon the reputation that the business already has.
The business deals a lot with wedding banquets and 80% of the catering is done off premises to such venues as The Witte Museum, The Pearl Stable, and The McNay Art Museum. There is the opportunity to bring more catering functions onto the location. The business also has won numerous awards for being the number one caterer in San Antonio.
The sale price of the business is $700,000. The owner wants to sell the Real Estate as well. The beautiful facilities were appraised in 2011 for $2,500,000 and are located in an affluent area. Please contact us at 210-688-4813 for further information.
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