NY-NJ Offsite Catering Company
This well operated offsite catering business has a diverse corporate clientele which they have been servicing for over 15 years providing delicious foods from small intimate groups to large gatherings of 1,000 or more people. They have an incredible reputation and are well known for providing excellent food & service, which is evident by their business experiencing double digit revenue increases every single year, except for in 2020. Their business had record sales in 2019 of over $3.3m while the owners operated the business Semi-Absentee! They have an incredible New York-New Jersey location which allows them to easily service NY City, Northern NJ, and Westchester County. Their kitchen is a PERFECT Ghost kitchen which has beautiful showroom for tastings and sales, while having LOW Overhead expenses. There is so much more that can be done to grow and leverage the business, including developing a much larger market share to service residential catering. Most of the time their kitchen is not being used on the weekends which is a huge untapped market. Currently their residential sales are less than 10% of the company’s revenue, and this would provide a TREMENDOUS increase in the utilization of their facility increasing revenue, without impacting the kitchen. There are numerous ways to leverage this one-of-a-kind highly profitable business and the owner has priced the business to sell at $650,000. Business is coming back strong in 2021, they have not lost any of their contracts, and if you are looking to expand your existing food service business or if you always had a desire to be involved in this industry and have good business acumen, this could be a great fit. Please refer to listing number 14063 when inquiring about this opportunity.