Well Established Catering Specialist
About this business for saleWell Established Catering Specialist
This successful, specialist catering company has serviced the diverse catering needs of corporates, special events and private functions throughout the greater Durban for over twenty-years. The business boasts a reputation for being among the most favoured caterers in Durban and prides itself in the much sought-after, quality food and great personalized service.
Corporate business catering is the primary target market as it generates attractive income as does on-location film catering, an activity undertaken from time to time. The company produces as much of their own product in-house as possible including their own sauces etc. and to this end, there is a fully operational bakery on the premises.
This offering has been reduced from R1.8 million to R1.2 million for a quick sale, With average monthly turnover of +/- R300 000 and being a seasonal type business, there are highs and lows however; the Christmas festive season generates significant income. Commensurate average annualized EBPIDT (Earnings Before Proprietors Discretionary Income, Interest, Depreciation & Tax) is +/- R600 000 offering a R.O.I. of 50%.
All information provided is subject to verification by interested buyers and financial information will be disclosed to serious buyers.
There are three vehicles included in the sale all of which are relatively new and well maintained. Outstanding balances are fairly high (less than retail value) thus; taking over these vehicle leases or refinancing them would be a requirement. For the purpose of determining asset value, the equity components of the vehicles have been taken into consideration. All other assets are in good working condition and well maintained.
With over 20-years in the industry, this business has proved to be very successful. The offering comprises all the necessary to acquire the business as a walk-in, walk-out opportunity. Business is taken to the Client and these can number from 10 to 2000 guests at any one time.
If this exciting infrequent type offering appeals to you, kindly contact me for a confidential chat.