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Business for Sale Summary

Caterer for Sale in Nassau County, NY - 31990

Business Type: seller financing available,catering and event planning
Caterer for Sale in Nassau County, NY
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Financial Information (non-confidential)

General Information
Asking Price $750,000 Down Payment $500,000
Gross Revenues $2,450,000 Lease Remaining Register Free to View
Owner’s Cash Flow $260,000 Number of FT Employees Register Free to View

Financing

$500,000 Down and $250k over 3 years @5%

Business Description

Well established (40 years) Gourmet NYC/Long Island/ Hamptons caterer. Corporate events, staffed parties, Black Tie, private events. Extensive event experience with professionally trained event managers, bartenders, servers, chefs, etc. Breakfast, lunch and elegant dinner buffets with exceptional food. Themed buffets -Mexican, Country Style, Italian, Texas, Mediterranean, Napa, Tuscan etc. Sandwich wrap buffets, salad buffets, and cocktail parties. Gala catering menu. Works with all premier tent, chair, table, linen companies. Indoors or outdoors. All services provided. Big drop off and delivery business. Many corporate repeat clients and event and party planner referrals. Has full time sales person. Servicing NJ, CT and Westchester as well. Full liquor license for spot premises events. State of the art commercial kitchen with trained chefs. Over 60 % of revenue is corporate catering including meeting and conferences, employee recognition events, market weeks, and products launches etc. Includes well known hospital groups and nationally known corporations Offsite catering. Business has large state of the art commercial kitchen with professionally trained chefs and cook staff. Long lease available. Three vehicles included in sale. Owner will keep his accounts receivables. Big opportunity for a buyer to build the business. Owner wishes to retire and will provide training and transition to the buyer. Proof of funds and prior background in catering or food service is required for a meeting with the owner. Contact broker Joseph Stansky for more details.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.