SOLD! Simple and Very Profitable Catering Business For Sale – Newcastle

This popular commercial catering business operating in the Newcastle, Lake Macquarie, Hunter Valley and Central Coast region has been established for almost 20 years. It is simple to run, has excellent staff and systems in place and generates a lot of return business.

Providing on customer premise catering for Corporate events, functions, birthdays, weddings etc, this business has built up a solid customer base of repeat buyers and as a result boasts a very strong ‘book’ of orders with over $230K of advance bookings in place to 30/6/19 .

The profit from the advanced bookings will pay for the business!! The business can be purchased with the (excellent) freehold premises included or as business only.  An opportunity exists for a smart operator to put their own Super contributions to great use.

BUSINESS HIGHLIGHTS

• Annual revenue $450K with GM 65%
• Owner works 30 hrs per week
• Major clients inc NSW Police, EDI, Foxtel & Schools
• Revenue 55% Corporate / 45% Private Functions
• Experienced staff manage business in owners absence
• Holidays can be taken!
• Systems and documented procedures in place
• Extensive list of equipment is included
• Assets include 2 vans and mobile cool /wash room
• Great position – 2 street access & offstreet parking
• Premises include use of commercial kitchen and office for rent of $300pw
• Option to purchase premises is available
• Renovated 2 bed accom available (+$350pw)

This is turnkey business solution with everything in place for a new owner to begin generating revenue immediately from a calendar of forward orders. The owner will provide an adequate handover and will be available to assist with food prep or function service in the future if required.

This is an excellent business and can be operated by someone with or without experience in the catering industry. It may well suit family operation. Menus are varied but straightforward to prepare and are priced at a level that produces great profits and appreciation of value for money from the extensive client base. There is an option to purchase the premises and this may make the business attractive to someone looking to invest funds in property from their SMSF.

The business and premises are for sale for $885,000, alternatively the business can be purchased with leasehold of the premises for $185,000. Goodwill and all assets (including commercial kitchen)  are included are included with the Freehold, and goodwill and portable assets with the leasehold.