Upscale Catering & Event Company for Sale in NY - 34061

Financing

$800,000 Down and $450K over 5 yrs. @ 5%.

Business Description

High End Catering & Event Company. Massive Price Reduction. Established in 2014, this business quickly became the preferred vendor for high end weddings. To be more clear, there are approx. 45 pre booked weddings for 2024 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. 5 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 $600K and will be higher for 2024 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 $800K 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. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only! To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com.

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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.