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Full Service Catering Company with Commercial Kitchen
Established, profitable event catering company with decades of outstanding service is available for immediate acquisition in Austin, Texas, along with the real estate. A long history of consistent stellar service, with a diverse portfolio of established corporate accounts, some of whom have been with the company for many years. Other events include weddings, private parties, fund raisers, galas, etc. The company has grown largely through word of mouth referrals, excellent reviews and longstanding reputation for excellence and consistent quality. The company is fully staffed with experienced kitchen staff led by an executive chef who has created the company’s popular menus with rave reviews over the years. Experienced event managers supervise each event to ensure no detail is overlooked and clients have a memorable experience, time after time. Operations manager in place freeing owner to focus on financial management and strategies for expansion. Real estate is included in the asking price. The building houses a custom-designed, fully equipped commercial kitchen, tasting room, walk-in coolers and ample production/storage space, and room to expand within the building, as not all space is currently being used. Also included are delivery vans, varied supply of chafing dishes, dinnerware, serving pieces, coffee service, buffet serving pieces and décor, and event supplies. Owner is ready for retirement but will negotiate mutually agreeable transition period. The business and real estate are good candidates for SBA financing.
Financial Information
- $3,100,000 Asking Price
- $615,760 Cash Flow
- $1,475,842 Gross Revenue
Business Location
- City: Austin
- State: Texas
Reason for Sale
- Retirement
Detailed information
- Year Established: 1976
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: Yes
- Full-Time Employees: 6
- Part-Time Employees: 20
- Contractors: N/A
- Owner Worked Hours/w: N/A
- Adjusted EBITDA: N/A
- Inventory Included: Yes
- Inventory Value: $3,500
- Monthly Rent: N/A
- Real Estate Available: Yes
- Real Estate Included: Yes
- Real Estate Value: $0
- Building Size: 5000
- FF&E Included?: Yes
- FF&E Value: $185,043
Training/Support
- Seller will negotiate training and transition period for new management.
Facilities
- Fully equipped commercial kitchen, tasting room and offices in owner occupied building. Building features detailed in CIM.
Market Outlook/Competition
- Competition is typical for the industry
Real State Description
- Real estate listed by Laurel A. Johnson, Texas Real Estate Broker. Building features detailed in CIM
Business Listed by
Laurel Johnson
Sunbelt of AustinAUSTITX001-52508
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