Ready to Grow
This caterer began 11+ years ago at catering ground zero: a talented chef bored of the same-old catering that dulled the mind and the taste buds. So he gathered a team of professionals, and before he knew it, a full-service caterer was born. The company quickly developed a reputation in the competitive Los Angeles market: from sumptuous feasts to chic receptions to the simplest affair, they were high in demand as their reputation grew. Over the years they became something more as they worked with A-List clients at the most exclusive venues. They purchased another well-known brand for their clientele and in-house talent, then acquired a third caterer for the same, plus their incredible catering facility. Three brands under one roof that target high-end events as well as the residential and corporate markets. Each brand is so well established, their history speaks volumes - all business is referral or past clientele. This commercial kitchen is the stuff of catering dreams: you can easily scale to $10 million in this 4000sf kitchen, with huge storage, a private driveway and 1300sf of office space. You'll cater out of this building for the life of your company!
The owner needs to focus on growing his (non-food) businesses, so it's time for him to pass the catering reins to a successor with the right experience, dedication to good food, and great energy. It's no secret that the catering industry has been hard-hit by COVID, but that's the opportunity. Their A+ brand-name client base, heavily embedded in LA's most name-brand corporate and institutional clientele, would take years to break into. Give their book of business a home, nurture it patiently as we reemerge from COVID (while making a reasonable profit along the way) and you'll be in the pole position for huge profits when the events come back. Timing is the opportunity: buy the book today (it netted $561K on $1.65M in 2019) for a fraction of the price it would demand when catering returns to normal.
Rarely is a premier So Cal caterer available to purchase, but this premier catering company is on the market today. If you've been looking to expand into high-end of the market, this is the opportunity is for you. Reach out to the Agent today!