Link Business

Profitable Events and Catering Business

R 9,500,000Cape Town - Northern SuburbsListing: #13812

Cape Town - Northern Suburbs businesses for sale 

R 9,500,000

Beauty/Health businesses for sale
Refer to Broker

About this business for sale

Profitable Events and Catering Business
This business is a leader in the industry and has a history of hosting local and international dignitaries at some of the most prestigious functions ever held in South Africa.

The company has a most comprehensive infrastructure to cater for any type of function and supply large and the finest ranges of cutlery, crockery, glassware, linen and furniture, decoration and more.

From beautiful crystal glassware to opulent silver cutlery, to suit any theme, budget or occasion. It offers a seamless (“one-stop”) solution to any occasion from design to providing the smallest detail.

Services Include;

Conceptualization and custom design, Management, Decor, Talent, Entertainment, Bedouin Tents & Marquees, Catering & Bar Solutions, Venue Search. Event staffing and more.

Some advantages of this offer;

- Priced 30% under Stock & Asset value.
- Growing turnover with R 3.7M net profit.
- Annual repeat and prestigious events.
- Current turn over already exceeded with bookings for 2016.
- Skilled and experienced staff and management structure, get into the seat and go.
- Licensed to cater Kosher.

Turn over: R 7,702,126.00
Total Assets: R 3,124,157.00
Hiring Stock: R 11,201,637.00
Net Profit : Approximately R 3,000,000.00
Total Asking Price: R 9,500,000.00 all inclusive, not negotiable.
Price, excludes VAT.

The owners have been in the industry for over 20 years and have been planning their exit and retirement for 3 years.

This business is priced to sell so if you're looking for a good investment, want to expand your footprint or wish to buy a profitable business with a proven history, if you are ready to act, don't miss this opportunity.
Cape Town CBD and West Coast
Mobile only
082 452 3329