Established Corporate Catering business For sale In Mumbai
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Product / Service
They are into corporate catering, using carefully curated menus with a strong focus on fusion healthy food. Innovation in menus and perfect service have made them a go-to player for their clients.
Clientele type
Clients include foreign banks and investment companies such as Barclays, Avendus, start-ups such as wework, cowrks, Fynd, TikTok, VC Funds such as Aavishkar, Actis, others such as Marico, Piramal, Singapore Airlines etc.
Premises
LEASED
Lease per month (in INR): 50,000
Security Deposit (in INR): 200,000
Carpet Area: 650 sq ft
The place is situated in the heart of Bandra East, very close to Bandra Kurla Complex and the highway.
There is a terrace attached which can be used for small storage/ staff accommodation.
The current lease expires on December 23
Asking Price Includes
Machineries, Utensils, Catering decor items, Packaging materials, civil work, 2 lac security deposit, overall totaling ~12 lacs
Reason
They have created a good niche for themselves in the mass premium space. However, the promoter wants to take a break for personal reasons.
Other Details
Started in 2018 with 2 retail brands and quickly pivoted to B2B on the back of demand.
In less than 2 years, they received mandates for daily meals with Avendus, and TikTok and were clocking an ARR of 1.8cr.
Post the pandemic, the promoters have restarted the business due to good brand trust with the clients and have ended the year with an ARR of ~45 lacs,
despite no marketing efforts.
Currently, They are in talks for a ~600-meal mandate of about ~3cr annual revenue upside. The decision is awaited from the client's end.
The scope to build on this is immense if run by someone from a core hospitality background.
Menus and recipe bank and transition can be provided over a period of 6 months.
Profitable business with a Good EBITDA Range and no loans on the books.
The promoter is not from a hospitality background and wants to do something else.
They are very innovative with the menu design and want to position themselves as a "food partner friend" rather than traditional caterers,
as such they have a great audience with start-ups and Scope to run a multi-brand kitchen as well.
Business Tags
₹10 to ₹200 Cr
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