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Full Service & DIY Catering Company
Location Texas,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1321000
Net Profit / Cash Flow $276142
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1992
Number of Employees 20 - 34
Inventory 110000
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Seller will train the buyer for 4 (four) weeks included with the purchase price. Seller is willing to provide additional training at a mutually agreeable fixed compensation to assist with general management functions for a finite period.
Reason for Sale Burnout. Seller successfully started, grew, operated a profitable business.
Description Full Service catering company, preparing and delivering high quality food. The business has 2 specialized niches: 1) corporate and personal ''drop off'' business that does not require staff or rentals (breakfast, lunch, dinner and events). SIMPLY: drop-off catering with disposable containers, no serving staff, ''Do it Yourself'' AND 2) full service event catering including fully staffed serving, with or without rentals.
The business has grown and expanded over a 20+ year history. Operating from a central production kitchen, customers are served throughout Dallas Fort Worth, TX, and beyond on a daily basis delivering breakfasts, lunches, afternoon snacks, dinners and events to groups from 10 to 10,000. Sales opportunities have been increasing and 2013 has the highest activity of the past 5 years. As the general economic climate in DFW continues to improve, customers are increasingly proceeding with expanded catering budgets. Seller is willing to remain in an ongoing part-time, contract role if desired by a buyer.
Purchase Price: $1,050,000 payable as $250,000 down, $700,000 Bank SBA financing + Seller is willing to finance up to 10% of the selling price to a qualified buyer if required by a commercial lender. Price includes furniture, fixtures, equipment & vehicles valued at $100,000, inventory $10,000 at cost and Accounts Receivables $25,000
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