Well Established And Thriving Catering Business For Sale

Monmouth County, NJ

Seller Financing Available

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Asking Price:$749,000
Gross Revenue:$1,000,000
Cash Flow:$250,000
BUSINESS DESCRIPTION

HS Listing ID-63563

Established 40+ years
Net 250k or more easily
Same location 35 years
5000SF facility, fully equipped, 4000sf is prep/operations, 1000sf is office and sales
The facility is used for sales, prep, refrigeration, deliveries and staging.
Sales and tastings also conducted there
Easily caters for up to 1000
Sprinter van, 16ft lift gate truck
ovens, walk in boxes, flatware everything needed to conduct business is there
40+ year old Client List
Can do anywhere from 80-160 events per year depending on size and cost
90% of events are over 10k
Some events have reached 150k
Staff is small and experienced, approx 6-7 people
Remainder [servers] are brought in on contract by a staffing firm
Average party is 128 pp +++ tax/tip/service
Earns between 10-30% commissions from rental referrals and sales through other companies, can be as high as a few thousand dollars for just one sale
Owner has started to travel and moved to FL, sales 2024 circa 1m
2023- 1.2m
Prior years [available] have been significantly higher, all based on how the operator wants to sell and plan
80% wedding and bar mitzvah, very strong budgets
20% mixed events, boat parties, art galleries etc
There are additional sources of income


Seller will stay on, train, coach and assist as long as needed.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION


DETAILED INFORMATION
Location
Monmouth County, NJ
Inventory
Not Included in asking price
Real Estate
Leased
Support & Training
Yes.
Reason for Selling
Other business interests.
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Nicholas Dinardo
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Nicholas Dinardo