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Listed by:

Restaurant Realty Company

Broker license number: 01310250

Established Catering Business With Million For Sale

San Francisco County, California - North, US
Asking Price:
$125,000 (USD)
Sales Revenue:
$1,247,849 (USD)
Cash Flow:
$244,115 (USD)

Established Catering Business With $1.2 + Million Sales And $244,000 Profit

RRC#: 3719
Asking Price: Offered At $125,000
Location: San Francisco County
Annual Revenue: $1,247,849
Annual Cash Flow: $244,115
Monthly Rent: $2,480

Listing Description:
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.

General Information:
Organization: Sole Proprietorship
Established: 1987
Current Owner: Contact For Info
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $103,987
Monthly Cash Flow: $20,342
Annual Revenue: $1,247,849
Annual Cash Flow: $244,115
Payroll: Contact For Info

Property Information

Real Estate:

Lease

Lease Terms:

Expiration: 5/2021
Security Deposit: $5,000
Lease Option Negotiable
Yearly Adjustment: 5% increases

Leasehold Rent:

$2,480 (USD) per annum

Business Operation

Reasons for selling:

Other Interests

Trading hours:

7am - 5pm Monday through Friday

Contact Information

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