Description

Listing Description

PRICE: $1,500,000
INDUSTRY: RESTAURANT
LOCATION: MARICOPA COUNTY, AZ

This very well-established catering company provides high-end service and food for special events and venues in the Valley. In addition to the hundreds of repeat customers spanning over 25 years, the company is a preferred vendor at major venues in Arizona.

An additional benefit of this business is the differentiation in revenue streams. While catering is the backbone and the foundation for its success, the business is also contracted to operate a very popular restaurant. There is a team in place that manages and runs the daily operations of the restaurant, and the seller believes the staff would stay on for a new buyer.

The catering operations are strategically located near arterial highways, allowing for easy access all over the State. The catering side of the business operates out of a ~10,000 SF space; complete with offices, client conference room, warehouse, and a fully built-out commercial kitchen; complete with 5 walk-in refrigerators and a large freezer.

With no additional capital expense needed and all staff in place, this is a great opportunity for an existing company to capture market share or a buyer looking to gain a presence in the AZ catering space.

The seller is retiring and excited to transition the business. I look forward to speaking with you on this opportunity.

Listing Details

Asking Price: $1,500,000

Cash Flow: $511,139

Gross Revenue: $6,060,530

FFE (Furniture, Fixtures, and Equipment): $240,000 (Included in asking price)

Inventory: $35,642* (Not included in asking price)

Real Estate: $686,000* (Not included in asking price)

Support & Training: Seller is willing to train. The time-frame is negotiable.

Reason for Selling: Retirement

General Location: MARICOPA COUNTY, AZ
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