Profitable One-Of-A Kind Catering Facility
Location:
United States
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New Jersey
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Lodi
Industry: Food and Beverage > Catering Services
Business Summary
A Turnkey Operation Providing the Finest in Food and Service for Every Imaginable Social and Corporate Event. The Princess Chateau provides an ambiance of elegance and grandeur unmatched by its competition. The Princess Chateau, located in Lodi, NJ specializes in catering all types' social and corporate functions. This is one of the most beautiful and well-known locations in the area. Hosting only one wedding at a time, the banquet staff is able to provide total personalized service. The atrium displays a lighted princess carriage, which is decorated with flowers and benches and a picture-taking dream for brides. This facility can accommodate a variety of events ranging from 60 people to over 500. The business generates gross revenues in excess of $2 million and a bottom line of over 40% in net profits. The all-new innovative Euro-nations certified menu, specializing in Italian, Mediterranean and all ethnic food groups, is vast and diverse in choice. The business has an event coordinator, full time catering staff and grounds keepers; all other services are outsourced to independent contractors. The owner is in charge of marketing and overseeing the facility. Sale includes on-site liquor license, business and property. Contact for more information on this Catering business for sale.
Financials
Asking Price Range: $5.0M - $10.0M
Gross Revenues:
$2,785,000
Cash Flow:
$1,200,500
Cash Flow Type: EBITDA
Inventory: $100,000
Seller Financing: No
About The Business
Year Established: 1998
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Yes.
Reason For Selling: Retire.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Catering Services business for sale.
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Print Listing Id: 70066292
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