High-End Wedding Caterer, 45 Events, 2024

Featured on BizBuySell.com . 2 viewed

Asking Price

$1,250,000

FOR SALE - ACTIVE

Detailed Information

Location

Suffolk County, NY (Relocatable)

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

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Business Description

Highly sought-after catering and event company established in 2014 that specializes in off-site weddings. This business is the top choice for high-end weddings, evident by its 5-star reviews and preferred vendor status with numerous venues. The sale includes booked events, all equipment for up to four 220-guest events per day, and a rented space for dry goods and equipment storage. Owners are willing to stay on for up to two years post-sale to ensure a smooth transition. With approximately 45 pre-booked weddings for 2024 and growing demand, the business turns away about 30 weddings annually, even before the pandemic. Expected owner's cash flow exceeds $500K for current events, with projections for higher income in 2025 due to recent price increases. Seeking a serious buyer with at least $800K in liquid funds for the down payment, preferably with a background in customer service and food service. Ideal for an existing restaurant, deli, or catering hall looking to expand their

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Listed By:

Name : Vested Business Brokers, Ltd

Phone Number : Show Phone number

Vested Business Brokers, Ltd typically replies in about 7 minutes

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