San Gabriel Valley catering company with breakfast/lunch cafe, established in 1989. Offers full service catering for corporate clientele and special events. Accomodating parties from 15 to 15,000 people. In 2015 catering sales topped $4.200,000 with $3,100,000 profit. They currently have a re-occurring annual corporate contract for $250,000 per year with potential to take on millions a year with current corporate clients. They also run a fast casual cafe and bakery offering indoor and patio seating to accommodate up to 150 guests, with a private banquet room that seats 30. The cafe operates Mon-Fri from 7 am- 2:30 pm. serving breakfast and lunch to the 1000's of corporate employees nearby. With an award winning, skilled, culinary team they serve delicious cuisine with style and flair. Great lease, below market and located in a dense corporate area. Extensive equipment list (over $1,000,000 in replacement value) includes 2 catering vans and one delivery car, all with low mileage. ABC type 41 for restaurant and catering. There are 17 regular employees with catering staff up to 187 as needed. 2016 catering sales were over $2,200,000. This is a great business with tons of potential for new buyer.

General Info

  • OrganizationContact For Info
  • Established1989
  • Current Owner1989
  • Employees17 up to 187 as needed
  • Reason For SaleRetirement

Facilities

  • Seating150
  • Square Feet5346
  • ParkingParking lot
  • LicensesABC, City, Health Dept.
  • Open HoursMon-Fri 7:00 AM- 2:30 PM plus catering hours

Lease

  • Rent$7600 includes triple net, water, plumbing, landscaping
  • ExpirationNov 2018
  • Yearly IncreaseContact For Info
  • Option2-5 year options
  • Deposityes

Financials

  • Monthly Revenue$63,998
  • Monthly Cash Flow$14,667
  • Annual Revenue$767,970
  • Annual Cash Flow$176,000
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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