*Price Drop* Profitable Catering Company - Chicagoland
| Asking Price: | $795,000 |
| Gross Revenue: | $1,802,624 |
| FF&E: | $260,000 |
| Established Year: | 1955 |
| Cash Flow: | $310,341 |
| Inventory: | $10,000 |
| Real Estate: | $899,000 |
SBA Financing Available!
With 70 years of successful operation, this catering company excels in providing full-service catering for corporate events, weddings, and more. Deeply engrained in the local community, the Company has earned a solid reputation as a trusted provider and boasts a substantial base of repeat clientele.
The Company has an expansive catering menu, encompassing everything from party trays and appetizers to full-service options, with in-house place settings to accommodate up to 500 guests. Current contracts include over fifty weddings for 2024 with a dozen already in the works for 2025. In addition to its catering offerings, the Company operates a deli within its facility, available for both dine-in and carry-out.
Despite growing demand, the Company has begun declining event requests due to the owner’s deliberate decision not to further expand the business’ capacity at this time. Nevertheless, with demand on the rise, the Company remains positioned for further growth in the future.
This opportunity has been pre-screened by several SBA lenders and provides attractive financing options when the real estate is purchased with the business. Purchasing both together may allow the buyer to finance the entire package at a fixed rate over 25 years, allowing for strong cash flow projections. A potential purchase structure and projected monthly bank loan payment are below:
Potential Purchase Structure (business and real estate):
10% down payment ($170k)
10% seller note on the business portion ($79k)
80% bank loan (business and real estate combined) at an estimated 7.90% (depending on the lender and subject to change).
Estimated monthly bank loan payment: $10,370.
