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Full Service Catering Company With Commercial Kitchen For Sale

Austin, Texas, US
Asking Price:
$3,100,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,475,842
Cash Flow:
$615,760

Established, profitable event catering company with decades of outstanding service is available for immediate acquisition in Austin, Texas, along with the real estate. A long history of consistent stellar service, with a diverse portfolio of established corporate accounts, some of whom have been with the company for many years. Other events include weddings, private parties, fund raisers, galas, etc. The company has grown largely through word of mouth referrals, excellent reviews and longstanding reputation for excellence and consistent quality. The company is fully staffed with experienced kitchen staff led by an executive chef who has created the company’s popular menus with rave reviews over the years. Experienced event managers supervise each event to ensure no detail is overlooked and clients have a memorable experience, time after time. Operations manager in place freeing owner to focus on financial management and strategies for expansion. Real estate is included in the asking price. The building houses a custom-designed, fully equipped commercial kitchen, tasting room, walk-in coolers and ample production/storage space, and room to expand within the building, as not all space is currently being used. Also included are delivery vans, varied supply of chafing dishes, dinnerware, serving pieces, coffee service, buffet serving pieces and décor, and event supplies. Owner is ready for retirement but will negotiate mutually agreeable transition period. The business and real estate are good candidates for SBA financing.
Facilities:
Fully equipped commercial kitchen, tasting room and offices in owner occupied building. Building features detailed in CIM.
Real Estate Available: Yes
Real Estate Included: Yes
Real Estate Description:
Real estate listed by Laurel A. Johnson, Texas Real Estate Broker. Building features detailed in CIM

Detailed Information:
Lender Prequalified: No
SBA Prequalified: Yes
Is Going Concern: Yes
Market Competition: Competition is typical for the industry

Property Information

Real Estate:

Real Property Included

Size in square feet:
5,000

Business Operation

Reasons for selling:

Retirement

Employees:
Full Time: 6, Part Time: 20
Years established:
48

Other Information

Support & training:

Seller will negotiate training and transition period for new management.

Furniture / Fixtures value:
$185,043 - included in the asking price
Inventory / Stock value:
$3,500 - included in the asking price