Market Street Catering
Long standing catering company with strong customer base
Listing Overview
Note: NDA is required for more information, financial records, and full disclosure.
Market Street Catering has been in operation since 1989 and over the years has built a strong customer base with limited marketing activity.
The business has seen a strong growth in revenue in the past several years with 2023 bringing in over $200k in owner distributions and 2024 is on track for a sizeable increase. The company has a number of consistent customers in the medical field that could be increased dramatically with marketing efforts.
Market Street Catering operates out of a leased space on North Shackleford that can continue through a lease assignment or can easily be moved to a new location.
Asking price includes all FFE (new furniture, fixture, and equipment), purchased franchise rights, and lease assignment.
Business Details
Asking Price: $400,000
Current Monthly Sales: $90,000 – 100,000
Annual NOI/Owner Comp: $200,000 (2023)
$300,000+ (projected 2024)
* Sales numbers at time of listing, owner reported
Lease Rate: $2,300/mo
Building Size: 2,000 sf (approximate)
Owner Financing Possible
Reason for Selling: Retirement
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Property not included with purchase of business. All estimates are based on seller provided data, business broker makes no guarantee for growth rates or continued success.