Gold Licence Catering Company
SEEKING - $195,000 including Equipment
The business offers a mix of Wedding, Private and Corporate event catering with an emphasis on gourmet food, prepared by trained Chefs. The team also provide expert advice on event planning.
REVENUE - $712,000 pa (FYE 2017/18).
There are already over $200,000 of forward bookings to the end of 2018 alone, with additional capacity for more this calendar year.
RENT - $66,000 pa (landlord has confirmed the lease is transferable)
LOCATION - Northern Beaches
This is a unique opportunity to step into a growing business, with a strong reputation, full professional kitchen setup and a forward order book of over $200,000 for the remainder of 2018. The sale includes equipment, much of which is new, and as such represents great value.
The business has secured a number of venues as exclusive catering partner and the owner continues to drive business through quality product and delivery.
The business grew its turnover by 15% in 2018 ($712,000) and there is still capacity for growth without increasing fixed costs. To date, the owner has also used external agencies to deliver on the event management and has sacrificed gross margin, but a major opportunity exists to increase profitability by reducing the use of external agencies.
This would be an ideal business to either add to an existing catering or events company or restaurant group seeking to leverage its staff and use its existing skills and reputation to extend into the catering sector.
In addition, if you are a passionate foodie and want to turn that passion into profit, at the current asking price, it’s a walk up start, with nothing to do but add your own flair.
The Gold Licence provides a level of quality assurance that is highly regarded by consumers and clients and is supported by a high level of process and systemisation, whilst not compromising quality or creativity. Securing and maintaining this licence is testament to the hard work undertaken by the owner so far. An alcohol licence complements the business operation and allows variety and choice for clients, a distinct advantage. This could be leveraged further and delivers good margins.
The business operates from professional kitchens on the Northern Beaches and the landlord is willing to accept a transfer of the lease to a new owner. Just fitting out a new kitchen in accordance with OH&S and Food Standards can be daunting, and this is ready to walk into today, with all Standards certification in place, representing a significant cost and time saving for a new owner.
The owner has also innovated and created an online ordering system for smaller on demand catering and corporate catering activities. The owner has not dedicated a lot of time to its growth, but ongoing investment in this would create demand for product throughout the week and deliver revenue in what are traditionally quieter periods.
CONTACT - Call Andrew Hall 0414 996 490 or email firstname.lastname@example.org to discuss the opportunity or receive more details.