This $4M Catering company is a highly profitable turnkey business serving high income customers. An ideal opportunity for an acquirer seeking to enter the high-end catering market or add on to an existing catering company. The company is a top choice among event designers and party planners due to its creative and visionary culinary expertise for the last 2½ decades. The clientele consists of referrals and repeat customers, with several of the new clients coming from long standing relationships with event planners. Over a period of 2017 through 2021, capital investments to the facilities have totaled over $750,000. With this total renovation of the space and equipment, further capital investments will be minimal.
The company showed resilience throughout the pandemic, creating at home meals and delivery for customers. Business has resumed to pre-pandemic levels. Projections for 2022 show growth in revenue and profit.
Services: Boutique off premise caterer of gourmet cuisine for high-net-worth clientele.
Markets: Weddings, Bar/Bat Mitzvahs, birthdays, galas, corporate events, and private events.
Employees: Director of Operations and an Executive Chef lead a team of full time and event staff to ensure continued quality and high-end service.
Facilities:6,000 square foot headquarters, featuring offices, commercial kitchen equipment, industrial kitchens, and event staging. The owner has a long term lease with the landlord.
Growth & Expansion: Opportunities exist for expansion into other geographic markets, expansion of catering and event planning services, Kosher supervised catering, and the addition of a liquor license.
Support & Training: Owner to provide transition services as required.
Reason for Selling: Owner wishes to retire.