Established Catering Opportunity with Exclusive Use of Event Center
Restaurants for Sale / Grocery Stores for Sale
- Primary Category: Banquet Hall and Catering Businesses for Sale
- Secondary Category: Deli/Catering Businesses for Sale
Well-equipped, award-winning Catering and Event Planning business with exclusive long standing contract with a popular event hall. Owners have chosen to retire and have cut back on the number of events they are willing to host. This has increased the demand for their service to allow them to book events a year in advance. The value of the business is in the name and the reputation. The opportunity for profitable growth lies in the ability to increase the number of events per year.
Financial Information
- $310,000 Asking Price
- $103,850 Cash Flow
- $133,183 Gross Revenue
- $200,000 Down Payment
- Yes Financing
Business Location
- City: Northern West VIrginia
- State: West Virginia
Financing Comments
- Sellers are willing to assist a qualified buyer who is able to acquire bank financing for a down payment of $200,000
Reason for Sale
- Husband andwife team have worked hard for many years and are ready to retire.
Detailed information
- Year Established: 1983
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: Yes
- SBA Prequalified: Yes
- Full-Time Employees: 1
- Part-Time Employees: 8
- Contractors: N/A
- Owner Worked Hours/w: 30
- Inventory Included: No
- Inventory Value: $1,000
- Monthly Rent: On request
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Building Size: 10000
- FF&E Included?: Yes
- FF&E Value: $103,300
Training/Support
- Owners are very committed to assure that the the buyers are successful. Primarily because they have made promises to serve the customers who have trusted then to host important life events such as weddings. Also because they are concerned about their personal reputation. They will remain working with the owner for several events to assure the new owners are confident to run and grow the business.
Facilities
- Well equipped 10,000 s.f banquet hall with its own parking area, leased on a per capita basis. The landlord, owns the liquor license and handles the sale of liquor at events. The business generally uses one floor of the facility with an option to use another floor of the same building if needed. Outside of the goodwill of the business, the lease arrangement is perhaps the most valuable asset of the business.
Market Outlook/Competition
- The area seems to have a lack of competition in the areas of catering as well as available event venues of this type and size. Many clients will wait months to be able to have an event catered by this company in this location.
Real Estate Description
- The spacious facility is well located with ample parking, It has a very well equipped commercial kitchen and dining area. The per capita rent covers all expenses including utilities, maintenance and repairs.
Business Listed by
John Lichter
Sunbelt of MorgantownContact Business Broker
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