Listing Number: 189597-176997
Description
This Glatt Kosher catering and retail food business was established in 2017 and has become one of the leading food businesses in the Brooklyn Orthodox Jewish community. Sales have quickly grown to over $2M/year and continue to grow annually. The business operates out of a AAA retail location. Their niche is in prepared food sales which is all cooked on site. The retail business operates only two days a week and generates over 25k per week in just those two days! The food for the catering jobs is all prepared at the same location using the same staff which is very efficient. They cater all types of events ranging from 100 to 400 guests at various venues throughout NY/NJ. The catering side of the business averages 80-100 events per year at an average cost of 12k per event. There are two supervisors who run the catering jobs under the direction of the owner. The price includes a fully functioning kitchen with a very well trained staff in place and all supplies/decorative materials for the catering. The equipment and inventory alone is valued at over 200k and is included in the sale. The lease has 8 years remaining on it with an option to purchase the property on the best retail street in the Brooklyn Jewish area. This one won't last! No seller financing. Proof of funds required with the signed NDA.
Listing Details
- Price: $650,000
- Down Payment: $650,000
- Sellers Discretionary Earnings: $400,000
- Total Sales: $2,100,000
- Location: Kings County, New York
- Inventory: $5,000
- FF&E: $200,000
- Employees: 5
- Year Established: 2017
- Reason for Selling: Retirement
- Category: Restaurants
