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Award-Winning Premier Catering Business

Salt Lake County, UT
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Asking Price:$650,000
Gross Revenue:$794,939
Rent:$4,453
Established Year:1995
Cash Flow:$183,732
Inventory:$25,000
FF&E:$169,000
Listing ID: 2135211Listing provided by BizBuySell
BUSINESS DESCRIPTION

Quarter 1 2024 profit and net cash projects that the cash flow will double the previous year (2023). and it is now ran semi-absentee. This top award-winning caterers regularly cater for weddings, corporate events and fundraising galas, and they are a preferred caterer at many of the most sought-after venues in Utah. There is a strong sales team and many very experienced employees. In addition, this business provides full event planning services. The business operates out of a well-equipped, spacious kitchen with significant storage, serving pieces and linens, and office space.

DETAILED INFORMATION
Location
Salt Lake County, UT
Inventory
Included in asking price
Real Estate
Leased
Building SF
6,550
Lease Expiration
30/03/2026
Employees
15
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
FF&E Overview: Extensive kitchen appliances, equipment as well as 5 vehicles, including a mobile kitchen. FF&E General Condition: Good condition.
Competition
While there are many caterers in Utah, there are only a few who offer the highest level of food quality, service, and professionalism. This business can handle everything from intimate family holiday meals for just ten people to large, black tie, catered events for several hundred people.
Growth & Expansion
Although this company has recovered well from COVID, there are opportunities for this business to leverage their good name and reputation by booking additional events and perhaps offered a pop up market to reach more customers in addition to expand marketing via social media and digital advertising.
Support & Training
Number of Weeks Seller Will Offer Training: 2
Reason for Selling
Retirement
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Meili
Myles
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Meili Myles
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