Hugh & McKinnon Realty Ltd.Our strength is our people for the last 101 yearsActive Since 1909
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Blind Profile - Catering Company
Description: Banquet Catering
Founded: 2004
Location: Lower Mainland
Type of Business: Corporation
Type of Sale Considered: Share Sale
Business Enterprise Asking Price: $89,000
The Business Enterprise Asking Price includes inventory, furniture, fixtures and equipment, and all other tangible and intangible assets. It excludes cash, and any interest bearing debt.
* Value of assets may allow a purchaser to finance 50% of the purchase price.
Historical and Projected Financial Performance
Revenues: 2010 $366,119 SDE: 2010 $84,724
2009 $407,404 2009 $88,823
This is an established catering company. The business specializes in providing excellent food from a selectuon of menus for large receptions (mainly weddings, anniversaries, and other celebrations) that require a good wholesome menu, catered by friendly staff and with all the nice linens and cutlery provided. Many of the receptions are buffet style and sometimes require the management of 22 staff who do the serving at the events. This eliminates the need for the clients to hire a separate rental company for their events.
Twenty per cent of revenues come from providing a hot lunch catering service. Sales are supported by an on-line system that allows customers to efficiently and effortlessly place their orders.
This is a turn-key acquisition as the company has all the equipment (stoves, walk-in fridges, hot boxes, plates, glasses, cutlery and linens) and vehicles. The business would be suitable for an owner operator who enjoys cooking and working with people. The majority of clients are couples between the ages of 23 to 33 years old.
Disclaimer
We have not conducted an audit or otherwise reviewed the business financial statements, which have been provided by the business management and its financial advisors. It was assumed that these financial statements are true and accurate. The information sporvided to us has not been verified in any way.
To inquire, please contact:
Chris Manos, CBI
O: 604-531-1909
C: 604-725-4639
F: 604-531-4624
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