Listing ID: 63563

Business Overview

  • 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

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Hedgestone Business Advisors. Message and Data rates may apply.

FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $749,000
  • Cash Flow: $250,000
  • Gross Revenue: $1,000,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes.

Purpose For Selling:

Other business interests.