Market Conditions & CompetitionThe growth / popularity of quality food being demanded by customers has allowed this company to position itself as the leading Catering company in Sydney in terms or service and quality of product. This would be an ideal company to either add to an existing catering or events company that is looking to expand into the higher end of corporate or event catering. The Gold Licence that the company acquired will allow any new owner to open up a completely different market place to the "normal" catering companies in the market place. The business also has an alcohol licence. In addition, the business has recently signed exclusive catering arrangements with a number of high profile venues and continues to build its business.
Financial Summary$620,525 pa (FYE 2016/2017). The business is on target to have grown revenue in the 2018 financial year by approximately 30%.
EXPENSES - $428,260 pa
NET PROFIT - $126,265 pa
Training & SupportThe business operations and delivery of services have been systematised to a very high degree by the current owner. Thus, whilst he is a highly regarded chef, having worked internationally and within 3 star Michelin establishments, he does not work in the business in food preparation at all. No catering or chefing skills are required by a new owner. A business person with strong interpersonal and organisational skills would be more than enough to optimise the business. The owner is willing to remain with the company in an employed role as chef, to be negotiated separately from the sale. If the new owner does not wish to retain the current owner, a 4 week transition period is included as part of the sale.
Reason for SellingThe owner has built the business into a turnkey model that can be operated by a non chef owner/entrepreneur and is now seeking a buyer to optimise its potential, via a sale or investment option.
Weekly RevenueN/A Monthly RevenueN/A Annual Revenue$620,000+ FYE 16/17
Contact PersonAndrew Hall Price$250000+ equip't Year EstablishedThe company was originally established 10 years ag
Phone+61414996490 Cashflow$N/A EmployeesThe owner works in the business full time and has