; "[Gold Licence Catering Company]")
The business offers a mix of Wedding, Private and Corporate event catering with an emphasis on gourmet food, prepared by trained chefs.
The team also provide expert advice and support on event planning. The company have an alcohol licence in place and the Gold Licence accreditation awarded by the Restaurant and Catering Association, which recognises caterers who achieve excellent food safety, professionalism and work standards within in their businesses.
The Gold Licence is a major asset and is sought by government entities that engage external catering firms. Given the high standards required to achieve the Gold Licence marque, it is also recognised by large corporate organisations as a quality designation and this has helped the business to secure catering opportunities with blue chip companies and high profile entities including Google, Suncorp, SBS, Channel 10, Toyota, James Packer, Maserati, and the office of the Prime Minister). A new owner would be in a position to walk in to this high profile group as an already approved and proven provider.
The kitchen facility is fully fitted and compliant and has significant capacity for additional business. The owner believes it is more than sufficient to manage almost 100% more production, without having to invest in additional space, assets or infrastructure. This gives a new owner massive potential to upscale without cost.
The business developed an online ordering system in 2017 for its corporate catering activities, but has not yet optimised its potential with dedicated marketing or business development. Nevertheless, the system is operation and without any proactive marketing or sales, it generated approximately $30,000 of gross revenue in 9 months, with spends of $400 - $1,800. The owner believes the system has the potential to deliver significant revenue and profit with some focussed activity.
Market Conditions & CompetitionThe growth / popularity of quality food being demanded by customers has allowed this company to position itself as the leading Catering company in Sydney in terms or service and quality of product. This would be an ideal company to either add to an existing catering or events company that is looking to expand into the higher end of corporate or event catering. The Gold Licence that the company acquired will allow any new owner to open up a completely different market place to the "normal" catering companies in the market place. The business also has an alcohol licence. In addition, the business has recently signed exclusive catering arrangements with a number of high profile venues and continues to build its business.
Financial Summary$620,525 pa (FYE 2016/2017). The business is on target to have grown revenue in the 2018 financial year by approximately 30%.
EXPENSES - $428,260 pa
NET PROFIT - $126,265 pa
Training & SupportThe business operations and delivery of services have been systematised to a very high degree by the current owner. Thus, whilst he is a highly regarded chef, having worked internationally and within 3 star Michelin establishments, he does not work in the business in food preparation at all. No catering or chefing skills are required by a new owner. A business person with strong interpersonal and organisational skills would be more than enough to optimise the business. The owner is willing to remain with the company in an employed role as chef, to be negotiated separately from the sale. If the new owner does not wish to retain the current owner, a 4 week transition period is included as part of the sale.
Reason for SellingThe owner has built the business into a turnkey model that can be operated by a non chef owner/entrepreneur and is now seeking a buyer to optimise its potential, via a sale or investment option.
Location
State: New South Wales
Category Catering & Events Management
Weekly RevenueN/A Monthly RevenueN/A Annual Revenue$620,000+ FYE 16/17
Contact PersonAndrew Hall Price$250000+ equip't Year EstablishedThe company was originally established 10 years ag
Phone+61414996490 Cashflow$N/A EmployeesThe owner works in the business full time and has
