Business Overview

A well operated, nationally recognized off site catering business with a diverse corporate and wedding clientele. They have been servicing for over three years providing delicious foods from small intimate groups to large gatherings of hundreds or more people out of a catering truck with a built-in wood burning oven. They have an incredible reputation and are well known for providing excellent food and service, which is evident by their business. The business has been experiencing double digit revenue increases every single year, except in 2020.

With $367,416 in booked events so far for 2022 and $100,000 worth of deposits and operating funds that the new owners can utilize. A great reputation with 4.9 stars on Google, Facebook, and other platforms, established 2017, efficient, profitable, and a substantial opportunity for growth, the company is fully booked for 2022, the new owner could establish a multiple team catering company with multiple events per day by adding one more catering truck. A similar truck to the one they currently have can be built in a few weeks and cost around $180,000. The truck can easily generate an additional 400k to 500k per year. Also, the new owner can focus on public events to generate more revenues, (the company booked master’s 2019 for $75k for 3 days). The company grossed over $550,000 with the owners pocketing over $122,192. New owners can add an additional $51,942 by assuming the role of sales and booking.

The company operates out of a commissary kitchen with office space, kitchen, and warehouse for storage. The total square footage of the facility is 2,500 sq ft in total with the office space making up 480 sq ft., bathrooms and storage closets taking 152 Sq ft. This leaves the warehouse with 1,368 sq ft plus the 500 sq ft above the commissary; built as a stand-alone room with storage above. Located right on Peachtree Industrial and I-285, making it an ideal location to easily travel around Atlanta and Metro Atlanta with all the major highways being within a mile away.

If you are looking to expand your existing food service business, or if you always had a desire to be involved in this industry. With a good business acumen, this could be a great fit!

PROOF OF FUNDS AND SIGNED NDA MUST BE RECEIVED PRIOR TO DISCLOSING ANY FURTHER INFORMATION. THIS IS AN OPERATING BUSINESS; PLEASE REFRAIN FROM SPEAKING TO STAFF OR MANAGEMENT.

Attention Business Owners: We are always in search of quality businesses to sell, so if you are thinking of selling your business or would like to acquire another business, please call us to discover the difference that is.

Financial

  • Asking Price: $475,000
  • Cash Flow: $127,686
  • Gross Revenue: $548,116
  • EBITDA: N/A
  • FF&E: $250,117
  • Inventory: $2,500
  • Inventory Included: Yes
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The company operates out of a commissary kitchen with office space, kitchen, and warehouse for storage. The total square footage of the facility is 2,500 sq ft in total with the office space making up 480 sq ft., bathrooms and storage closets taking 152 Sq ft. This leaves the warehouse with 1,368 sq ft plus the 500 sq ft above the commissary; built as a stand alone room with storage above. Located right on Peachtree Industrial and I-285, making it an ideal location to easily travel around Atlanta and Metro Atlanta with all the major highways being within a mile away.

Is Support & Training Included:

Seller will train for one week and be available for phone consultation

Purpose For Selling:

Other Interest

Pros and Cons:

There is no direct competition, the company is fully booked for the whole year of 2022 and part of 2023.

Opportunities and Growth:

efficient, profitable, and a substantial opportunity for growth, the company is fully booked for 2022, the new owner could establish a multiple team catering company with multiple events per day by adding one more catering truck. A similar truck to the one they currently have can be built in a few weeks and cost around $180,000. The truck can easily generate an additional 400k to 500k per year.

Additional Info

The company was established in 2017, making the business 5 years old.
The transaction will include inventory valued at $2,500, which is included in the asking price.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell companies. Nonetheless, the real factor and the one they tell you may be 2 totally different things. For instance, they might claim "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competitors, current decrease in revenues, or an array of other reasons. This is why it is really essential that you not rely totally on a vendor's word, but rather, utilize the seller's answer combined with your overall due diligence. This will repaint a more practical image of the business's current situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans in order to cover things such as stock, payroll, accounts payable, etc. Remember that sometimes this can suggest that earnings margins are too tight. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that need to be satisfied or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location draw in new consumers? Often times, companies have repeat consumers, which form the core of their day-to-day earnings. Specific variables such as brand-new competitors growing up around the location, road building, and personnel turn over can affect repeat customers and adversely impact future revenues. One essential point to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business regularly, the better the opportunity to construct a returning client base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Just how might the neighborhood mean house income impact future revenue potential?