Catering company purchase

by a searcher from Texas Tech University

9 months ago

Curious thoughts on this potential deal. I have not signed BDA so I only know below. 

Catering Company 
Owner retiring
founded 1976. 
26 employees. 
asking $3MM
revenue $1.5MM
real estate $$1.6MM custom (kitchen/tasting room)
FF&E $165k
cash flow $650k

My main concern is how to deal w the real estate in the deal and take tax advantages. Clearly they got to the $3MM via this. I would SBA loan. 
Thank you

0 likes
86 views
6 comments

lender from University of Utah

I does look like a potentially nice deal but would want to verify the numbers. Also, what experience do you have to run this type of business. Happy to discuss. --@----.com or###-###-####

6 months ago | like reply | 0 likes

lender from University of Missouri - Columbia

Hi, looks like you have some nice lending options above. I would happily throw my hat in the ring to talk SBA 7a. Looks like some nice cash flow especially if extending to 25 year armort. If interested, contact me here or at --@----.com Good luck!

8 months ago | like reply | 1 like

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