Catering Company - 2,400 meals per week


Location: Eastern NC
ID: (# 200666)

Catering Company - 2,400 meals per week

New Listing

To request additional information start by providing the following:
Asking Price: $530,000
Cash Flow: $ 0

Annual Sales:  $ 700,000
Assets (FF&E):  $ 232,000
Inventory:  $ 15,000
Real Estate:  $ 0

Overview

Established catering company with full kitchen in leased space that provides catering for wedding, office events and also offers take-out luncheons.
Company has contracts with schools and county services for approx. 2,400 meals per week.
Staff of 8 full-time has been with the company long-term. Part-time employees hired as needed.
Comprehensive set menu options and established processes in place.


Details

Reason for Selling:
Other business endeavors

Year Established:
1999

Number of Employees:
14

Facilities:
Leased space 2,800 sqft

Inventory:
Average inventory of supplies.

Furniture, Fixtures, Equipment:
Full kitchen and catering equipment. All assets in good condition. Listed amount is fair market value.

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.

Competition and Market:
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.

Growth and Expansion:
Current business location and processes allow for double volume. Existing contracts with county organizations and schools provide opportunity to prove quality of service to earn additional contracts.


Broker Contact Information

Regina Fisher

regina@bristol.group


Bristol Group Carolina
serving North and South Carolina
Located in Wilmington, North Carolina
(208) 401-9523 | Office
(910) 520-0737 | Mobile