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Business for Sale Summary

Established Catering Business for Sale - 36600

Business Type: misc. retail/non-classifiable,other eating & drinking places,other food stores,owner financing available,restaurant/ cafes/ diners,catering and event planning
Owner Financing
Established Catering Business for Sale
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Financial Information (non-confidential)

General Information
Asking Price $150,000 Down Payment $75,000
Gross Revenues $500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $70,000 Number of FT Employees Register Free to View

Financing

$75,000 Down and balance $75k for 24 months @ 8%

Business Description

This long-established and well-known catering business is a sleeping giant as operations have been winding down over the past two years due to the imminent retirement of the owner. Waiting in place for a huge re-expansion of the business is its 4,000 sq. ft. facility that is totally full of highly serviceable catering/restaurant equipment and supplies. Due to his previous record, the seller believes that a new owner could produce several million dollars of sales right away given this large equipment base. The business has a recent history of doing two to three jobs a day for 300 people each. 12 X 6 ft. freezer. 12 X 6 ft. cooler. 16 X 6 ft. cooler. Has an established network of suppliers and also contract servers. Recipes are included. Willing to provide 30 day training period and owner financing! Please note that the seller will not be selling the name of the business. To learn more, please contact the broker, David McPherson at 919-789-0566.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.