Category:
SF1092 - Catering
Location:
Northern California - Northern California
Business Description:
This well established SPECIALTY caterer has been providing quality meals to the high-end travel industry for over 15 years. The sector they operate in has a uniquely high barrier to entry. This is NOT a traditional events caterer; Does not do weddings or events. Sticky blue chip clientele with no client concentration. Pre-approved for 75% SBA financing, plus Owner financing $200,000. SDE in 2017 is $486k with $1.8M in sales. Key employees handle the day to day operations allowing the owner to step back into a more strategic planning role. In addition to the retention of key employees, the owner is willing to stay on for an extended training/transition period to ensure a successful change of ownership. The business model can be duplicated in similar geographic/demographic areas for future growth and expansion. The company is ripe for acquisition by existing industry operator, or passionate individual with professional sales and management background. Listing ID: SF1092
12 Months Ended
12/31/2018
$1,788,998
(Sales)
$422,458
(Adjusted Cash Flow)
12 Months Ended
12/31/2017
$1,796,985
(Sales)
$440,448
(Adjusted Cash Flow)
12 Months Ended
12/31/2016
$1,650,224
(Sales)
$351,259
(Adjusted Cash Flow)
12 Months Ended
12/31/2015
$1,379,798
(Sales)
$232,922
(Adjusted Cash Flow)
# of Employees | Full Time | Part Time |
Non-Owners | 18 | 0 |
Owners | 1 | 0 |
Hours of Operation
Monday - Sunday, 6:00am - 11:00pm
Licenses Required:
Monthly Rent Including NNN:
$3,766
Expires:
5/31/20
Option:
For 5 years
Size(sq.ft.):
1,300
Type of Organization:
S Corp
Reason for Sale:
Retirement
Training:
4 weeks 20 hours
Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.