Corporate/Private Caterer and Event Company
Fast growing and highly lucrative catering and events company in South Florida. Huge profit machine with incredible runway for future growth. Operating out of 7,000 sq ft turn-key facility with fully licensed food processing facility, high-end kitchen, and large warehouse containing over $400K worth of event-related inventory (tableware, props, linens, glassware, alcohol, coolers, portable bars, etc). Unlike its competition, this company does everything in-house and thus has a major competitive advantage. Services include high-end food prep/catering, beverage set-up and service with its CAT-13 full liquor license, DJ and music set-up, printing and signs services, event planning and design, floral set-up and design, and a very profitable portable bar business that is manufactured in-house. Customers are a wide array of corporate clients (including some exclusive contracts) and wealthy private clients who use the company as their provider for parties, catering events, weddings, bar mitzvahs, corporate galas, and other functions. Bookings are made months in advance; the company does no advertising and relies exclusively on word of mouth and its stellar reputation. Sales have been growing strongly for years: $1.7M in 2014, $1.9M in 2014, $2.5M in 2015, and $3.1M in 2016. Outstanding location immediately next to large banquet hall that company frequently uses as venue for weddings and bar mitzvahs. Asking price of $1.35M (with $850K down) includes approximately $400K worth of owned inventory (at auction value), $425K worth of FF&E, and all intangible goodwill. Owner has another restaurant-related business concept he wishes to pursue, but would be available to facilitate a long term transition. Please contact Martin Berliant at 561-827-1181 or email for more information. Nondisclosure form is required.
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