MergerPlace

Absentee-Owned Catering Company

Michigan (Ottawa)


  • Asking Price: $159,000
  • Gross Income: $439,698
  • Cash Flow: $56,700
  • Real Estate: $225,000
  • Inventory: Not Disclosed
  • FF&E: $35,000
  • Listing ID: #209539
  • Established: 1996
  • Employees: 10

Business Description

Founded in 1996, the Company is a full-service caterer serving the West Michigan area. The Company offers a variety of fresh-made foods primarily for weddings and corporate events. For the past several years, operations have been managed by a general manager with very little involvement from ownership. The Company has developed an extremely strong reputation within the area for the quality food prepared and exceptional service provided to each client.
The owners are seeking to transition the Company to new ownership as they are not able to commit the time necessary to help the Company achieve its full potential. They are willing to provide assistance to a new owner through a reasonable transition period.
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Business Details

Primary Business Category: Services - Other Services
Location: Michigan
County: Ottawa

Company Information

Year Established: 1996
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 10

Financial Information

Asking Price: $159,000
Gross Revenue: $439,698
Cash Flow: $56,700
EBITDA: $56,723
FF&E: $35,000
Real Estate: $225,000
Seller Financing Available: Yes

Property Information

Facilities:

The Company operates out of a facility that is owned by a related entity. There are a total of 3,300 square feet between the main building and a storage facility.

Growth & expansion opportunities:

Growth opportunities include: (1) Further Market Penetration: The Company has room to grow significantly with its current capabilities and may expand into catering and cafeteria services for companies and work places. (2) Sales Force Addition: The Company does not currently seek out new customers and has the opportunity to achieve strong growth within its catering services for corporations. (3) Addition of Hands-On Owner: The Company may benefit significantly from a new life and energy associated with the addition of a new owner who chooses to become active in daily operations.

Competition:

Investment highlights include: (1) Fresh Food Made from Scratch: The Company has high standards of quality for the food it prepares to ensure their customers are satisfied. (2) Well-Established Brand in West-Michigan: The Company has developed a strong presence in the West Michigan area due to its excellent customer service and quality of food. (3) Long-Term Staff is Capable of Running Business: The Company has highly experienced staff in place to run the daily operations of the Business, making this a turnkey opportunity. (4) Great Customer Reviews: Past customers have praised the excellent service they received from the Company, proving an effective way to market itself to potential customers.

Reason for selling:

The owners are seeking to transition the Company to new ownership as they are not heavily involved in it and believe it can reach its full potential with a new owner.

Support & Training:

Ownership willing to provide reasonable and customary transition assistance.

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Business Listed By:

Matt Baas

Calder Capital, LLC