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Catering Company - PRICE REDUCED
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Status: |
For Sale |
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Type: |
Food |
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Location: |
, AB |
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Asking Price: |
$159,000 |
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ALLOCATION OF ASKING PRICE |
Inventory: |
$10,000 |
Equipment & Fixtures: |
$85,000 |
Leasehold Improvements: |
$15,000 |
Goodwill: |
$246,706 |
Covenant Not to Compete: |
$0 |
Franchise Rights or Patents: |
$0 |
Real Property: |
$0 |
Other: |
$0 |
Share Net Equity (If Share Purchase): |
$0 |
LEASE & OTHER BUSINESS INFORMATION |
Total Sqare Feet: |
3,920 |
Monthly Lease Expense: |
$2,450 |
Rent Includes: |
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Lease Expires: |
2013-12-01 |
Price / Sq. Ft.: |
$0 |
Deposit: |
$0 |
Established: |
1989-12-01 |
Option to Renew: |
Yes |
Number of Active Owners: |
0 |
Present Owner: |
|
Number of Employees: |
0 |
Full Time Employees: |
3 |
Part Time Employees: |
0 |
Training: |
1 month / 4hrs/d 5day/wk |
Days & Hours of Operation: |
Varies depending on workload but is typically Monday - Saturday |
Current Market Multiplier: |
0 |
Asset or Share Sale: |
Asset |
Reason for Sale: |
Retiring |
FINANCIAL INFORMATION FOR YEAR ENDING
2008-11-30 |
Gross Sales: |
$673,061 |
Net Profit Before Tax: |
$101,406 |
Add Owner's Salary: |
$40,000 |
Add Fringe Benefits: |
$0 |
Add Depreciation & Interests: |
$3,878 |
Add Other Adjustments: |
$0 |
Total Adjusted Net Cash Flow: |
$145,284 |
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| Other Information: |
Seller is willing to stay on as a paid employee for up to 6 months (including the training period) to help the new owner and introduce them to the repeat clients. |
| Property Description: |
Excellent Location |
| Additional Information: |
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| Listing Realtor: |
MB |
The above information is from the owner of the business, therefore no warranties or representations, expressed or implied, are made as to the accuracy and reliability of this information.
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