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Caterer with Contracted Meals - YTD 20% Growth

Location: Eastern NC

ID: (#200666)

200666
Price:$489,000
Revenue:$640,000
Cash Flow:$182,000
FF&E (Assets):$166,000
Inventory:$15,000
Real Estate:$0

Overview

Established catering company that has long term contracts with government services and schools for over 3,000 meals per week (more contracts in negotiation). The company also provides classic catering for weddings, office events and also offers take-out luncheons. Full kitchen in leased space, and trained staff in place.

Revenue increased in 2020 over 2019.
2019: Income $640k - SDE $147,000
2020: Jan-Oct $640k - SDE $156,000

Details

Reason for Selling:

Other business endeavors

Established:

1999

Employees:

14

Furniture, Fixtures, and Equipment (FF&E):

Full kitchen and catering equipment. All assets in good condition. Listed amount is fair market value.

Facilities:

Leased space 2,800 sqft

Competition:

Only a few comparable catering businesses in the area, of which only one can be considered a serious competitor. Demand is constantly rising in the fast-growing region.

Opportunities for Growth:

Current business location and processes allow for double volume. Existing contracts with county organizations and schools is a proof-of-concept for large quantities, regular delivery and consistent quality, which allows for negotiation of further contracts.

Support and Training

The seller is willing to remain with the company for a certain amount of time to assist in the transition and training of the new owners. After that time the Seller and Buyer may enter into a consulting agreement for terms and conditions to be determined later.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (208) 401-9523 Office
  • (208) 248-5610 Fax
  • By Appointment Only
  • Bristol Group Carolina
  • North Carolina - Wilmington
  • By Appointment Only
  • Wilmington, North Carolina
  • Real Estate Broker: Bristol Group Carolina