19 YEAR OLD PROFITABLE CATERING SERVICE IN WOODBRIDGE

LISTING DETAILS

Listing ID: 2020.09.22.001
Type of Sale: Asset
Industry: CATERING
Reason for Sale: Changing to other industry

DESCRIPTION

This opportunity is for a successful catering business that’s been in business for 19 years and located in Woodbridge, ON.

Main clients serviced are hotels, airlines, universities, colleges and golf clubs, etc. Profits remained solid even during COVID-19 pandemic and still has tremendous room for growth.

Huge demand on catering services is expected due to companies looking to reduce overhead expenses and preferring to outsource non core business activities.

A unique feature in the catering industry is the extremely high rates of client retention and long term contracts as businesses prefer not to continuously
change caterers due to the immense disruption this causes to their operations.

COMPANY INFORMATION

Year Established: 2001
Employees: Average 25
Franchise: No
Square Footage: 2,500 sq ft
Monthly Rent: $25,000 + HST

FINANCIAL INFORMATION

SDE: N/A
FFE Included: Yes
Inventory Included: No
Financing/Terms: Financing Can Be Arranged For The Right Candidate

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