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BUSINESS FOR SALE - PROFILE #  42520061

Established Special Events Catering Company
Charlotte

Asking Price: $795,000   Down Payment: $795,000  
Gross Revenue: $1,030,337   Adj. Cash Flow*: $343,538  
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Executive Summary
This well-established catering company with over 15 years in business has developed an excellent reputation for delivering both delectable cuisine and the perfect ambience for any special event. Known for their innovation, this award-winning catering team delivers superior customer service as they work through the menu planning, preparing ideal foods, event set up and post event clean up. Known for their quick response to the needs of their customers, they have set themselves apart by offering competitive catering rate, reliable service, and friendly and professional wait staff. In addition, they specialize in client focused catering with the ability to create diverse, specialized menus and services that include Modern American, Latin, Classic French, Italian, Asian to include Sushi, Mediterranean, and more. They set up and provide everything from appetizers to desserts from small informal gatherings to a banquet for 1000.  Corporate events include: breakfast and lunch, business meetings, open house, holiday parties and more.  Specializing in Weddings, they deliver memorable bridal luncheons, showers, engagement parties, weddings from small a group friends and family to full blown galas, farewell brunches, and anniversary parties. Over 15 years established catering experience with Weddings, Banquets and Receptions, Corporate Catering, Breakfast, Lunch, Luncheons, Cocktail Parties, Holiday Parties, as well as Event Planning.

Acquisition Highlights

  • Strengths • Excellent reputation and established client base. • Set themselves apart by providing diverse, specialized catering delivering client focused menus for any culture or corporate theme. • Has established a reputation for their ability to deliver in short notice or last/no minute notice for an ample sized event. • First on the call list for many local government and municipality agencies to provide breakfast, lunch or emergency meals. • Speed, timeliness and efficiency of delivery for each request or event. • Only freshly prepared food. Weaknesses • Business stands alone on word of mouth and reputation with very little marketing. Needs to improve their marketing. • Parking limited at the location Opportunities • Elevate local marketing efforts through conventional advertising to increase visibility. • Expand operation by creating an event space on premises providing an all in one destination for clients.
  • The business leases a kitchen and storage facility of approximately 11,000 square feet centrally located in an ideal location to provide quick and easy access to the greater Charlotte area. There is approximately 3250 sf of space used for offices, food storage and preparation. There is approximately 7245 sf of conditioned storage for event inventory and pre delivery staging. Also, there is 440 sf of covered loading. The storage facility could easily be upgraded to an event space providing a full-service catering and event space all in one location. Property is available for purchase.
  • Financing Information:  Seller will consider some financing for a qualified buyer
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2005 Inventory: Included
Employees: 3 FT, 10 PT Furniture, Fixtures & Equipment: Included
Real Estate: Available
    Total Assets Included in Sale:
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Adam Petricoff
Phone:  (704) 360-8898
Fax:  (704) 272-4477
E-mail:  apetricoff@vrcharlotte.com
VR Business Brokers - Charlotte, NC
9301 Monroe Rd.
Suite L
Charlotte, NC 28270
www.vrcharlotte.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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