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Multi-Division Catering Business w/Recurring Rev&Upside Potential

Orange County, CA
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Asking Price:$2,795,000
Gross Revenue:$4,600,000
Rent:$13,120
Cash Flow:$696,000
Inventory:$57,000
FF&E:$110,000
Listing ID: 2184966Listing provided by BizBuySell
BUSINESS DESCRIPTION

Well-Established Profitable Catering Business with ~65% Recurring Revenue

*** PRICE REDUCTION ***
This business is a leader in the catering industry, comprised of multiple divisions with recurring revenues and is poised for further growth in multiple areas in the hands of the right new owner. The business is brand-recognized with a well-established reputation and long-standing community presence. With over two decades in the industry, this business is in a prime location for easy access. The business has seen consistent growth in revenue year over year with many word-of-mouth referrals. A buyer could follow multiple avenues of growth to build off the foundation set by the current owner. The business has the proper infrastructure and organization make up to successfully operate without daily involvement of the owner.

DETAILED INFORMATION
Location
Orange County, CA
Inventory
Included in asking price
Real Estate
Leased
Building SF
8,575
Lease Expiration
30/09/2032
Employees
53
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Lease Terms Options: One 5-Year Facilities: The business is in an excellent location close to all major freeways with ample reserved parking, making it very suitable along with a long-term lease. This location was strategically selected to allow access to clients from all over Orange County, northern San Diego County, Southern Los Angeles County including Beverly Hills, and western Inland Empire. FF&E Overview: All kitchen and serving equipment. Trucks. Listed separately.
Competition
A strong history and superior client-focused attention to detail, dedication to excellence, quality of products, global recipe book capable of meeting any client’s program, proven menus, and quality of execution differentiates this business from its competitors. In addition, a large database of approximately 10,000 contacts which include past clients and referral sources creates a unique and strong business with huge potential for growth.
Growth & Expansion
Growth opportunities for the business include increasing weekend and evening catering, building a relationship with a larger charter school as well as a high school with its own kitchen and a corporate in-house culinary operation. Securing on-site event spaces with a liquor license will increase food and beverage revenues. Developing close relationships with larger local event planners can increase the sales. In addition, utilizing the commissary to prepare pre-packed meals and snacks for the retail industry create additional growth opportunities.
Support & Training
Number of Weeks Seller Will Offer Training: 4
Reason for Selling
Retirement
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Nassim
Bayat
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Nassim Bayat
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