MergerPlace

Personal In Home Chef Services

Washington (King)


  • Asking Price: $125,000
  • Gross Income: $86,819
  • Cash Flow: $52,775
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #202103
  • Established: 2006
  • Employees: 1 FT/2 PT

Business Description

Want to bring your passion and knowledge for healthy cooking and eating to the kitchens of wealthy, prominent individuals and families in the Puget Sound area? You can with this profitable, exclusive, part time boutique Personal Chef service. Working in clients' homes, this food preparation business focuses on wealthy and discriminating clients with busy lives, allowing them to eat healthier, more delicious food with ease and convenience. Bespoke, wholesome, home-cooked meals are prepared by experienced chefs based on the client's food preferences, food sensitivities and diets.

The business is full service from menu planning, shopping and cooking to meal packaging, storing and clean-up of the client's kitchen. All costs are passed through to the client so there is little overhead and healthy profit margins.The owner's current work schedule includes approximately 20 hours in the kitchen, 2-3 hours doing accounting, admin and HR work and 2-3 hours client menu planning. With a sterling reputation and an exclusive client list, this business has prospered for over a decade through word of mouth referrals, with satisfied clients entrusting their own reputation in recommending this company's service to their peers.


Business Details

Primary Business Category: Services - Other Services
Location: Washington
County: King

Company Information

Year Established: 2006
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT/2 PT

Financial Information

Asking Price: $125,000
Gross Revenue: $86,819
Cash Flow: $52,775
Seller Financing Available: No

Property Information

Facilities:

As a home-based service business, all chef food preparation as well as utensils, appliances, pots and pans, etc., and food storage is furnished by the client and performed in the client's home. Food shopping is done by the staff and all costs are passed directly to the client.

Growth & expansion opportunities:

The median household income for Seattle is $91,123 which is Seattle-Tacoma-Bellevue is approximately $75,331 which is almost $20,000 greater than the national average according to the 2015 census. Population growth is expected to keep increasing near 6% a year. The largest demographic for potential clients are household with 2 incomes totaling over $70,000 a year. The market for this business is comprised of, busy high net worth families with and without children, work obsessed singles, seniors who want to stay in their homes and people with special dietary requirements - all who want to eat healthy, quality food and will pay for it. Potential growth could easily be realized through adding more chefs to service the increasing client referral demand and expand the client base to turn this into a full time business and more.

Competition:

There is little competition in the ultra high net worth individual marketplace for personal chef service. Current clients refer other like individuals who want service vendors they can trust. Seattle is number 10 in the nation for the ultra high net worth population with a total of 1660 in 2016 which is an 8.5% increase over the previous year. The metro area has a population of 3.73 million and median household income of $75,331. Seattle itself has a median income of $91,123. The Seattle metro area has seen a 8.5% increase from the previous year. Seattle was ranked 5th in 2016 in the country for wealthy millennial's earning more than $350,000 a year. Since the inception of the business, it continues to have greater demand than can be met with current staffing.

Reason for selling:

Owner wishes to pursue other interests.

Support & Training:

Will train for 3 weeks @ no cost. This personal service business requires a person with a passion for food, who is either a skilled home chef or is culinary school trained. All personnel are subject to a background and reference checks.

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Business Listed By:

Claudia Smith

Murphy Business Brokers