Burgeoning Catering Company w/Corporate Client Base – Property Available!

Burgeoning Catering Company w/Corporate Client Base – Property Available!

Orange, CA


Asking 
$650,000
Gross Revenue 
$4,194,117
Potential Cash Flow 
$362,197

This well-established 20 year old catering and delivery operation, complete with an event equipment rental component, services a blue chip corporate client base, special events, weddings and more. The operation has a dream team of staff members that have systems in place for each aspect of the complex operations logistics, including customer service, preparation and packaging, scheduling, dispatch, and more.

Accounts Receivable Included in Asking
No

Facilities

This business operates from a much larger company operation that is nearly 9,000 square feet. The expectation is that a buyer will possess their own production facility and shift the catering operation to their own facility, though they may continue to lease the current one for $20,000 per month or as negotiated. The property is for sale for an additional $4.5 ml but the property will not be sold without the business. This opportunity is part of a larger operation that includes co-packing, food and beverage product development and more. Those companies and their related assets will not be included in the sale but may be purchases separately.


Competition

Catering and delivery competition exists however this firm has established a loyal following over the past 20 years due to its consistent, quality offering, ability to service small as well as extraordinarily large events without issue, and finally, their equipment rental capabilities (tables, chairs, heaters, decoration, etc.). Each of these attributes provide them key strategic and customer service advantages.


Growth & Expansion

This catering and delivery company was the original part of what has become a multi-faceted larger operation. As a result a portion of the focus that was initially placed on catering and delivery has waned due to growth in additional arenas. Service and quality have certainly not suffered, but the company has not pursued new business in the same manner that led them to achieve $3 ml - $4 ml in annual catering sales. With a growth-oriented management team solely focused on catering, income would have undoubtedly continued to grow on its former trajectory! It is anticipated that new management can seize the opportunity for new business, or they may prefer to focus on the retaining the most profitable clients and events to maximize their margins and profitability.


Support & Training

Seller will train for 2 weeks at 20 hours per week or as negotiated


Reason for Selling

Personal


Real Estate

Available for $4.5 ml

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