This established, successful catering business is priced to sell - making this an excellent bargain for prospective buyers wanting to develop more business in this changing environment.
This catering business has been in operation for over 25 years, and - prior to the onset of the pandemic - enjoyed steady, repeat business from clients ordering weekly and monthly who are ready to continue doing business once offices resume. Their client base is diverse and includes established institutions like universities, law firms, and court systems which will resume normal business operations and will want to order from a source they trust. Other clients include tech companies and large and small national and local businesses and organizations which may take longer to resume normal operations, but are loyal customers who will return. Additionally, the company has long-standing relationships with third party food brokers which are well placed for individually packaged meal delivery. They are also the preferred caterer for two popular San Francisco event venues and are poised to resume this bustling private event business when the time is right. Even with the changes wrought by COVID-19, this business comes with a tremendous amount of goodwill and built-in business.
The majority of the catering sales have come from weekday breakfast and lunch orders. They do not depend on private events or large gatherings like weddings or conventions. Expanding the offerings to more evenings and weekends would increase revenue.
Prior to the pandemic, the sales and profit of this business were on a steady year-over-year and month-over-month upward trend, with February 2020 the second highest grossing month to date. The location provides easy access to downtown San Francisco, and freeways to the South Bay, the Peninsula and beyond. The business can either continue to operate at the current location (spacious storage, off street parking) or can easily be moved and serviced from an existing business location. It would be of tremendous value, for a restaurant or catering company already in operation to acquire this customer list and business know how.
This is an exemplary business and was recently awarded a Resiliency Grant from the City and County of San Francisco. The current owners would like to retire and pass on this successful business. They will provide training to any prospective buyers and ensure the long term clientele is passed on successfully.
- OrganizationSole Proprietorship
- Current OwnerContact For Info
- EmployeesContact For Info
- Reason For SaleOther Interests
- SeatingContact For Info
- Square FeetContact For Info
- ParkingContact For Info
- LicensesHealth and Business
- Open Hours7am - 5pm Monday through Friday
- ExpirationMay 2021
- Yearly Increase5% Increases
- Monthly Revenue$103,987
- Monthly Cash Flow$20,342
- Annual Revenue$1,247,849
- Annual Cash Flow$244,115
- Payroll$Contact For Info
- 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.