25+ Year Established Catering Business – Real Estate Available

Price: $1,550,000

Location: Phoenix Metro

Industry: Food Service

Listing ID: 3019

Listing Description

Established for over 25 years, this premier catering service in the Phoenix Metro area, has built a stellar reputation for exceptional service, reliability, and culinary excellence. With a solid revenue stream from multi-year contracts, including some notable clients, this business stands out for its ability to deliver high-quality, custom catering experiences for a wide range of events. The company’s robust business model includes both contracted food services and one-off event catering, making it a versatile and profitable venture. The owner’s commitment to quality and service has fostered strong relationships with top clients, accounting for a significant portion of sales revenue. A dedicated team of professionals, including managers for key contracts and an experienced back-office staff, ensures smooth operation and client satisfaction. The offering presents a turnkey opportunity for a seamless transition to new ownership, ready to benefit from existing contracts and untapped growth potential.

The financial information shown (Revenue, Cash Flow, and EBITDA) are calculated based on a weighted average for the years 2021 – 2023. All financial information to be verified by buyer.

Listing Details

Total Sales: $2,299,043

Cash Flow: $548,023

EBITDA: $448,023

Real Estate: $850,000

Reason For Sale:

The Seller is looking to retire.

Training & Support:


The Seller will assist with the transition to the new owner.

Location

Facilities Information:

The business operates from a property owned by a related entity and must be purchased with the business. The price for the real property is $850,000. The facility has been well-maintained and is optimally located for catering operations across the Phoenix Metro area. The property's design and resources significantly contribute to the company's efficiency, allowing for high-volume production without compromising quality.

Summary

Competition:

The catering industry is a vibrant sector that has shown resilience and adaptability. According to industry reports, sector revenue is expected to continue rising, driven by increasing demand for high-quality, flexible catering solutions for both corporate and private events.

Potential Growth:

There is significant potential for growth and expansion through increasing the number of one-off catering events and further penetrating the market by securing additional multi-year food service contracts. Expanding the current marketing efforts and capitalizing on the business’s low marketing spend relative to revenue could effectively enhance visibility and attract new clients. Additionally, leveraging opportunities to modernize and diversify menu offerings to meet evolving dietary preferences can open up new revenue streams.