Description of the business for sale
Local catering/ food service organization with sales over $1.3 million is seeking an equity partner or a buyer to help their business grow and capture additional success. This is a profitable company with cash flow exceeding $100K that needs a partner with funds and talent to take the company to the next level. The current owners are willing to accept a combination of “sweat” and financial equity for the right candidate. This is a well established (over 10 years) caterer who performs off site catering, dining services, and has a mixture of exclusively operated and preferred status facilities. They have an excellent mixture of both corporate and social clients. They do have a facility that can handle a maximum of 300 guests and they have a niche in doing picnics and golf outings. They have prided themselves on excellent food and services, flexibility, and 75 years of combined experience in the hospitality industry.
REASONS FOR SELLING: Other business opportunities
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Support / Training provided by seller
Seller will stay as long as necessary to ensure the success of the buyer.
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Description of the facilities
ADDITIONAL FINANCIAL INFORMATION
•Financing: Seller will consider financing part of sale
•Inventory: $3,000
•FF&E: $50,000
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