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2. Purchasing an Existing Business

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In order to get into catering by purchasing an existing business, you need the following prerequisites:

• You must have funds to purchase the business outright or at least secure it with a down payment. You must also have a significant financial cushion left to purchase additional equipment and run the business for many months with a possible negative cash flow.

• You must be an accomplished caterer with significant skill and knowledge related to every aspect of the business. You must be able to take over, manage, and run the business by yourself, even if the former owner promises to help you during the first three months.

• You must be able to devote up to 16 hours a day to the running of your business for the first five to six months until you know your clients well and your business intimately. After that initial period, you should be able to slowly relax, reduce your working hours, and resume your social activities.

Start & Run a Catering Business

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