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Owner is retiring from this highly successful catering company located in Northern New Jersey, in the county of Passaic. This twenty-year-old company has a wonderful highly successful reputation for its quality foods and wonderful service. The company has had a consistent and profitable income for many years and offers a wonderful life style for the new generation. The company’s income consists of 60% social events and 40% corporate services. The company also offers vegan and specialized dishes upon request. The company averages approximately 150 events yearly which can be further increased with an improved marketing campaign. The company Catering’s emphasis on quality ingredients, professionalism and attention to detail guarantee a successful event, every time. Their customers provide the concept and they will make it happen. Their philosophy is that every event should be distinctive, festive and stress free. Their clients and their guests are always repeat customers, trusting that their uncompromising standards for food, service and attention to detail will always be met. They have catered thousands of events of all sizes, throughout New Jersey and metro New York since 2001 and retain their own in-house staff of chefs, waiters and bartenders. From set-up to service to clean up, their professional staff does it all. Regarding employees and payroll, this catering company consists of 1 full time and 18 part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing. The business fixed assets has an estimated value of approximately $38,000 which is based on the cost of the original equipment, licensing, buildout replacement cost, tangible & nontangible, in addition to the multiple of the existing net yearly income. The 2018 yearly gross income represented by the seller owner is $228,909 and the business has a consistent yearly net income based on an onsite owner operator and prior to any debt service. The 2019 company’s gross income is expected to be greater to the previous year. Also, due to the possibility of non-disclosed income, a formal due diligence is recommended by the purchaser. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.
This food service and catering company has a non-retail facility which consist of approximately 1,366 square feet. The business is in a single unit property on a convenient road close to various highways. This opportunity is in Northern New Jersey, Passaic County, which consists of various company’s and highly populated communities with continued demand for this service.
The business opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
The owner is retiring after many years of success in this food service industry.
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.
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