CORAL COAST CATERING FOR SALE

Description

Business name: Coral Coast Catering

Business type: event catering, wedding catering and party hire

Location: Cannon Park Racecourse, Cairns, Queensland

Service area: Cairns, Port Douglas and Atherton Tablelands

Industry experience: more than 15 years

Premises: leased

Plant and equipment value: approximately $350,000

Business overview

Established catering and event services business specialising in weddings, corporate functions, private events and large-scale catering.

Industry recognition: award-winning operation

Customer base: established across corporate, government and private sectors

Exclusive catering rights: Cairns Jockey Club meetings, as reported by the seller

Staff: experienced and fully trained team

Services

• Wedding catering
• Corporate and government event catering
• Private function catering
• Racecourse event catering
• Mobile and remote-location catering
• Marquee and party equipment hire
• Event planning and catering coordination

Associated businesses

Additional catering and event services operate under the following names:

• Coral Coast Marquee and Party Hire
• All Occasions Affordable Catering
• Sugar Wharf Catering
• Papa Pepi's Paella
• CCC Production Catering

Premises and facilities

Location: leased premises within Cannon Park Racecourse, Cairns Jockey Club precinct

Lease: long-term arrangement with rent described as affordable

Facilities include:

• Large commercial kitchen
• Cold rooms
• Storage rooms
• Shipping containers
• Secure fenced and locked compound
• Vehicle and trailer storage

Food preparation and post-event cleaning: conducted at the commercial kitchen premises

Equipment and assets

• Fully equipped mobile kitchen housed in a 20ft shipping container
• Fleet of vehicles and trailers
• Marquees and event hire equipment
• Furniture, crockery and cutlery
• Event décor and accessories
• Commercial catering equipment

Reported plant and equipment value: approximately $350,000

Customers and operations

Customer relationships include:

• Corporate clients
• Government agencies
• Wedding planners
• Event venues and clubs
• Private customers

Event locations: established venues throughout Cairns, surrounding beaches, Port Douglas and the Tablelands

Marketing: established website and active social media channels

Menu range: catering options for different event types and budgets

Historical financial performance

Forward bookings reported for the period after April 2023: exceeding $600,000

FY2023 performance: significant growth reported by the seller

Post-COVID recovery: increased event demand reported following the reopening of borders and international travel

Current revenue, profit and forward bookings: not specified

Growth opportunities

• Increase corporate and government catering contracts
• Expand wedding and event catering bookings
• Develop additional marquee and party hire business
• Increase mobile catering services across the existing service area

Sale

Established catering operation with commercial facilities, equipment, customer relationships and associated service brands.

Exact assets and associated businesses included in the transaction: subject to confirmation.