Turn Key, Established Central Illinois Catering and Events Business

This long-estbalished catering company provides full-service catering for corporate events, meetings, banquets, weddings and more. It is a deeply engrained part of the local community and has earned a solid reputation as as the trusted caterer in the region and boasts a substantial base of repeat clientele.

With an expansive catering menu, encompassing everything from party trays and appetizers to full-service options, with in-house place settings and decor to accommodate up to 600 guests. Current contracts include a nearly full capacity for 2024 and many contracts for 2025. In addition to its catering offerings, the Company operates a banquet facility that can be purchased or leased.

With growing demand, the business has begun declining weekend 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 as well as growth through expansion of other catering related activities and the expansion of event sites that they cater to.

This opportunity provides attractive SBA financing options, specifically 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 20-25 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):

20% down payment ($229,700, or some seller financing)
80% bank loan (business and real estate combined and/or some seller financing) at an estimated 8.00% (depending on the lender and subject to change).
Estimated monthly bank loan payment: $7,685