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Upscale Catering & Event Company In Suffolk County For Sale

Suffolk County, New York, US
Asking Price:
$1,250,000
Sales Revenue:
$1,600,000
Cash Flow:
$500,000

High End Catering & Event Company. Massive Price Reduction. Established in 2014, this business quickly became the preferred vendor for high end weddings. As of February 2022 they have approx. $1.5mil in already booked weddings for the rest of 2022. To be more clear, there are approx. 75 pre booked weddings for 2022 and growing. Due to demand they must turn away approx. 30 weddings/year (even pre-pandemic). That is in addition to smaller private parties and events they must turn away simply due to time constraints. The sale price includes booked events at the time of closing, all furniture fixtures and equipment to handle four 220 guest events per day. There is a rented space for dry goods and equipment storage. 8 years remain on that lease with a rent of $3k/mth. This business has garnered 5 Star reviews with highly respected wedding websites and magazines as well as preferred vendor status with countless venues. Expected owner's cash flow for the current events is over $500K and will be higher for 2022 as prices were increased for this year. The owners understand that there are relationships that must be nurtured for a smooth transfer and they are willing to stay on for up to 3 years post-closing to ensure this. We are seeking a serious and financially qualified buyer with at least $750K in liquid funds to cover the down payment. Proof of funds shall be requested prior to a seller meeting. All buyers must have a customer service and food service background. This is an ideal add-on to existing restaurant or deli. To learn more. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business.

Business Operation

Reasons for selling:

Retirement

Employees:
3FT/50PT
Years established:
2015

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

750,000.00 Down & $500K over 5 yrs. @ 5%.

Furniture / Fixtures value:
$250,000
Relocatable:
This business can be relocated.

Contact Vested Business Brokers HQ

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