Long Established, Successful Catering Business1 year ago Manila, Philippines Ad Views:675 Ad ID: 2381
- Ad ID2381
- Posted On1 year ago
- Ad Views675
- Price585,000,000 ₱
Long Established, Successful Catering Business
This is a CASH COW!
A successful business for decades doesnt come to the market often. Now is your chance to grab it! A motivated seller who wants to retire and enjoy more time with the family.
It all started as a very small family business who are passionate about cooking great food. With their dedication, they have grown the company into one of the most sought-after catering businesses in the Philippines. Well-known for their creative menu and topnotch service that can serve thousands and thousands of guests in one day. Accredited by several outstanding non-stock, non-profit organizations as well as international and national caterer’s associations.
Sale includes 2 properties: 1 office/commissary and 1 warehouse. They have a leased sales and marketing office that can also serve as an events place for small occasions. Average contract/event per month is 300 and can reach up to 1000+ on December. Company has approximately 200 regular and 300 “on-call regular” employees. Buyer will not have any problem with transition as they already have a complete line of chefs, well-trained for the past 10 years.
Average Annual Gross Sales is just a little under ₱300,000,000 with huge potential to grow. Very attractive profit since catering business is known for higher margins compared to retail food businesses. This is the best time to enter the market given that Filipinos love food and celebration!