Asking Price
$150,000
Gross Revenue
$848,375
Cash Flow
Not Disclosed
Overview
Year Established
1982
Net Revenue
$200,000
Employees
1 full time and 30 part time
Business Structure
Partnership
Property
Leasehold
Rent
$8998
Area
5000 sq.ft.
Business
Description
Long established family run catering company is for sale. The sellers are the landlord of a 5000 +/- sq ft building which has been especially designed for successful catering. They have been charging themselves around $8998. monthly for rent. New lease to buyer, terms to be decided by buyer's credit, FICO score, and past experience. Past catering experience preferred but open to train new buyer
What do they cater? Family style meals, appetizers, buffet, plated sit down, gluten free, vegan - just about anything the client wants can be ordered and catered. They do not have an ABC license or provide bar service but can refer bartenders that will fit the bill.
Average gross sales for the last three years have been $846,000.
Owner's draw is around $200,000. +/- yearly for husband and wife.
One 2012 GMC delivery van is included in the sale.
This type of business would normally be priced higher than our listing price of only $150,000. The sellers are planning for retirement and are more interested in finding a qualified buyer to lease their building rather than get top dollar for their well known business of over 50 years. This is a turn-key operation ready for new ownership. The sellers are willing to stay on for a smooth transition and maybe available after training period as needed on a per-event basis.
A list of fixtures and equipment is pending and will be available to potential buyers along with the name and address of the business following completion of our standard NDA. An NDA is available thru this website by filling out the short form or by writing the listing agent.
What do they cater? Family style meals, appetizers, buffet, plated sit down, gluten free, vegan - just about anything the client wants can be ordered and catered. They do not have an ABC license or provide bar service but can refer bartenders that will fit the bill.
Average gross sales for the last three years have been $846,000.
Owner's draw is around $200,000. +/- yearly for husband and wife.
One 2012 GMC delivery van is included in the sale.
This type of business would normally be priced higher than our listing price of only $150,000. The sellers are planning for retirement and are more interested in finding a qualified buyer to lease their building rather than get top dollar for their well known business of over 50 years. This is a turn-key operation ready for new ownership. The sellers are willing to stay on for a smooth transition and maybe available after training period as needed on a per-event basis.
A list of fixtures and equipment is pending and will be available to potential buyers along with the name and address of the business following completion of our standard NDA. An NDA is available thru this website by filling out the short form or by writing the listing agent.
Growth Prospects
Many
Sale
Reason for Selling
Retiring
Training/Support
Training and support follows close of escrow
Premises
Facilities
Free standing building owned by the sellers.
Location
Martinez, CA
Contact The Seller
Message Sent.
Listed by:
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