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Caterer with Contracted Meals

Location: Eastern NC

ID: (#200666)

200666
Price:$489,000
Revenue:$790,000
Cash Flow:$212,000
FF&E (Assets):$0
Inventory:$15,000
Real Estate:$0

Overview

Established catering company that has 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 20% in 2020 over 2019.

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:

Only a few comparable catering businesses in the area can provide the same large number of meals required to fulfill contracts. Demand for private catering is constantly rising in the fast-growing region.

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
  • (910) 520-0737 Office
  • (208) 248-5610 Fax
  • By Appointment Only
  • NC #282486
  • North Carolina - Wilmington
  • By Appointment Only
  • 1314 Culbreth Dr
  • Wilmington, North Carolina 28405
  • Real Estate Broker: NC #282486