Unique Opportunity in the Catering Industry
About this business for saleUnique Opportunity in the Catering Industry
This catering and events organizing business was established 14 years ago by the current owner. The business is operated from the premises of a well known and popular self catering resort in this coastal town.
Their central location at the heart of the Garden Route makes this the perfect and logical choice for any public or private function. They have five venues on offer, able to cater for intimate events all the way up to large events in excess of 300 people. The seller also operates the ala carte restaurant and bar on site for his own benefit.
The venues are suitable for Weddings, Corporate or Private functions, Business meetings, Bridal showers, End of year functions, Birthday and Stork parties not to mention the fact that they are perfect for and very popular amongst conferences organizers and attendees.
The facilties also offers state-of-the-art conference facilities that can cater for groups from 25 to as many as 465 delegates.
If you are looking for a business with guaranteed turnover, this is an opportunity you should seriously consider. More than 25 weddings already booked for 2013! This excludes conferences and guests from the resort which has a track record of at least 50% occupancy over the past 5 years.
Asking price excludes stock of ± R20,000 and VAT.
+27 83 226 9017
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.