Well established Catering business serving the Twin Cities.

TYPE OF BUSINESS:  Well established Catering business serving the Twin Cities. Offering full-service catering for weddings, picnics, BBQ, dinner parties, corporate and private events. This facility has the ability to handle numerous occasions, from small gatherings to grand events. Current owners started this business over 36 years ago and have an outstanding reputation in the community along with a loyal customer base. Owners work all aspects of the business. Hours Monday – Saturday 7:00a.m. to 5:00p.m. This business has great growth potential.

 

FACILITY: This business currently operates out of a 4,800 square feet commercial kitchen. It has an attractive showroom, sales office, large professionally designed catering kitchen with a large prep area, baking section, dishwashing area, cooking line with a 14‘ hood system. This is a turnkey operation with all the equipment and smallware’s needed to continue growing the business.

 

EMPLOYEES:  2 Owner Operators with 2 full-time and 3 part-time employees.

 

EQUIPMENT: Multiple delivery vans, double stacked convection ovens, 2ea. Alto Shams, Groen Tilt Skillet, 60 qt. mixer, 3ea. Walk-in coolers and a walk-in freezer just to name a few.

 

GROSS SALES: Gross sales for 2022 are project to be approx. $925,000, 2021 were $723,395. Closed for portion of 2020. Gross sales for 2019 were $1,317,861.Cash Flow in 2021 was approximately $85,000 and cash flow in 2019 was approx. 343,000.

 

 

ASKING PRICE: The owner is asking $360,000 for the business. This includes $150,000 in Furniture, Fixtures and Equipment and $5,000 in inventory. The building is available for sale. Asking price is $800,000 (subject to change upon an appraisal).

 

REASON FOR SALE:  Retirement.

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About Bill Kraemer

Bill Kraemer brings a unique skill set to the business broker arena. As a former business owner himself, Bill understands what it takes to develop, build and successfully sell a business for maximum value. He has the unparalleled ability to identify individual strengths and align buyers with the proper businesses. His passion, experience and honest approach give him the ability to relate to business owners and their enterprises. Bill has over 30 years experience in the Minneapolis/St. Paul marketplace and has established a reputation as a trusted business advisor to clients and businesses alike. He specializes in buy/sell transactions spanning across manufacturing, distribution, franchises and service industries. Bill lives in Apple Valley with his wife of 32 years, Susan and their two children – Lauren and Nick. Bill loves spending time with family and friends and is an avid outdoorsman.

Contact the listing agent to learn more.