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Las Vegas

  • Listing No.: 101-16247

  • Category: Bar/Liquor, Leisure/Entertainment, Service - Commercial B2B

Asking Price $500,000
Down Payment $350,000
Gross Revenue $2,572,419
Total Adjusted Net Income $464,675
Equipment / Fixtures $250,000
Year Established 2005
General Location Las Vegas

This may be the deal of the year, the price to net revenue is so low its unheard of. Seller is asking for less upfront than the annual average net profit. This company specializes in off-premise catering. They have a fully build out and functional kitchen in one suite and corporate offices in the next suite. From a veteran event consultant and banquet department manager to professional chefs and service staff, seller states that all employees will stay on for the new owner. A 3rd party valuation was done valuing this company at over 1.4 million. The current asking price is over $900,000 under value!The company has won Caterer of The Year award and is the largest caterer in town. Primarily, revenue comes from 60% corporate work (recurring) and 40% home events. Many of their corporate clients have them cater breakfast, lunch and dinner 7 days a week. There is a tremendous amount of recurring revenue. They are able to provide anything from box lunches to 5 course meals. Off site liquor license for every jurisdiction in city, 1 of 4 licenses in the entire state for permanent liquor license that can serve off site locations. Owner will train for a smooth transition. Serious seller who has prepared his business for sale with the help of a Certified Public Accountant (CPA). He has all the necessary documents ready for due diligence, including tax returns, leases, equipment lists, financial statements and more. For more information including a detailed confidential opportunity summary with financial information and photos, please email the listing agent.

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.