Listing ID: 78807
This well-established Commercial Kitchen/catering and baking company is a family-owned business that has a stellar reputation providing Off-Site, Corporate, Social and Private Catering to multiple repeat clientele.
Serving residents and visitors in the Greater Boston and Southern New Hampshire area with baked goods and catered meals that are always made using the freshest and finest ingredients. Catering – Provides everything you need for your next social event. Whether you’re hosting a wedding or baby shower, a family reunion, planning your next monthly dinner, or need corporate catering services, they will work with you to create a custom menu to suit your needs and satisfy your palette.
Don’t miss out on this specialty catering and baking establishment. The product sold is unique and has very little local competition. The business is well-known and has a large local following. It has a well-established online presence and a high-performing marketing strategy in place. The business has a solid local customer base and the seller has additional ideas for expansion that could be put in place.
The building is in an excellent location with a reasonable lease, an additional 5-year option, and an accommodating landlord. There are currently 3 Full-Time and 4 part-time employees and the owner. Inventory at the time of sale will need to be calculated and is not included in the sale price.
- Asking Price: $125,000
- Cash Flow: $52,426
- Gross Revenue: $362,214
- EBITDA: N/A
- FF&E: $25,000
- Inventory: $15,000
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Freestanding commercial - Full Commercial kitchen.
Will train for 2 weeks @ $0 cost.
This business has very little competition in the area. The seller is well known, with a great reputation, and has a substantial following of loyal customers.
Try to participate in local events, festivals, concerts, etc tap into social media offers bakery promotions, discounts. Online ordering.
The business was founded in 2013, making the business 9 years old.
The sale doesn't include inventory valued at $15,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell companies. Nevertheless, the genuine factor vs the one they tell you might be 2 completely different things. As an example, they may say "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competitors, recent decrease in incomes, or an array of various other reasons. This is why it is extremely essential that you not rely entirely on a vendor's word, yet instead, make use of the seller's response together with your total due diligence. This will paint a much more practical image of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that profit margins are too small. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be satisfied or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract brand-new clients? Most times, companies have repeat consumers, which develop the core of their everyday earnings. Particular aspects such as new competitors growing up around the location, road building, and personnel turn over can impact repeat clients and negatively impact future incomes. One essential thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business often, the higher the chance to build a returning consumer base. A last idea is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? How might the local median house income influence future earnings potential?