Joe Braier, President of Lakes Business Group, Inc, was one [...]
- Engagement Number: 1599
- Title: 1599 Banquet Hall & Catering Company
- Location: Wisconsin
- Asking Price: $699,000
- Gross Sales: $1,725,000
- SDE: $222,000
- Real Estate: $1,600,000 NOT included in Asking Price
- Industry: Catering
An extremely well known and premier Wisconsin catering business with a large hall and outdoor event area. The real estate is located in a highly visible location.
With the strength of consistent positive cash flow over nearly 2 decades, this caterer has been able to weather COVID and the greatest economic stress this market has experienced. With expectations high going into 2021, this business is expected to recover sharply since several local and regional competitors did not survive 2020.
This business cash flows nicely throughout the year with margins above industry averages and should again in 2021. The hall is booked on most week-ends and the catering business has a healthy mix of weekday bookings, events and conventions.
Sellers are looking to retire and willing to provide training and expertise to ensure a smooth transition.
With its outstanding cash flow and prime real estate, this business is a great buy and investment for your future.
For more information on this listing, please complete our Non-Disclosure Agreement
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