Well-established and very profitable catering and events business that offers Net Profit of over $200,000 and can be operated from anywhere.
This business has demonstrated consistent financial security and profitability to its owners who still enjoy 6-8 weeks off per year and a flexible working roster.
The business is an iconic brand within the catering sector especially with corporate events and weddings, servicing a broad region including Newcastle, Lake Macquarie, the Hunter Valley and Port Stephens. Whilst the business is currently Newcastle based, this business could be located anywhere in the region due to the mobile nature of the catering business.
This business model, unlike cafes and restaurants, enjoys high margins, with no food and beverage wastage or stock on hand requirements. Other benefits include having direct and planned labour costs for every event and being able to book and plan well in advance. The business has enjoyed organic growth with constant bookings and repeat business.
The adjusted Net Profit to the working owner for EOFY2018 is approximately $213,000 which represents an impressive return on the business asking price of just $169,000.
If you are interested in finding out more about this quality opportunity, please call Shane Fox on 0415 40 7777 or call 1300BROKER.