Staffing For Events: Servers & Bartenders
www.GlobalBX.com
Listing ID:
700334705
Listing Title:
Staffing For Events: Servers & Bartenders
Quick Link:
http://www.globalbx.com/listing.asp?bId=334705
Industry:
Food and Beverage
Industry Segment:
Catering Services
Country:
United States
State / Province:
Kansas
Area
City:
170000
Asking Price Range:
< $250K
Gross Revenues:
$321,983
Cash Flow:
$91,755
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1994
Number of Employees:
50 - 99
Business Description:
Established in Kansas City for over 25 years, clients are corporations, caterers, event spaces, country clubs and private individuals. Recurring weekly accounts keep this service staffing company busy. In any given week, staff are working for 20 clients, with a handful working full time at the back of the house. While 2 key employees handle scheduling and billing, there is a list of about 50 for event staffing, ensuring that the seller can step away for vacations without a worry.
There is minimal overhead with this business, as only a small office space is leased for interviews and occasionally used by the office staff, who usually work from home. Inventory is small, with 15 - 20 branded aprons on hand for private events. Employees are required to supply their own uniforms, 90% of which can be found at major retailers. There is still a ton of room for growth with proper management - the seller turns away about $250,000 a year for weekend events she declines to take.
About 18% of income results from staffing for private parties and social events. A buyer could look to increase this revenue stream or hire more staff to work with corporate clients and food service companies. There is also a growing need for back end staffing, especially during holidays. This is a great chance to take a well-known company and grow it to the next level with more staff and an ambitious owner. At a 1.9 multiple on cash flow, this business is more than priced to sell!
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