FEATURED PORTFOLIO COMPANY Gourmet Caterers

Context

Gourmet Caterers is one of the largest private, off-premise catering companies in Greater Boston. In business for over 30 years, the company generates approximately $16M in consolidated revenue, including several innovative business partnerships. The company services both corporate and social events and can accommodate from 10 to 10,000 guests with custom-planned menus, staffing, bar service, equipment, and event-planning services.

Advisory Need

Gourmet Caterers engaged Next Street to develop a three-year strategic plan and growth strategy for the business as well as serve as a trusted advisor on key strategic decisions.

Financing Need

Gourmet Caterers will require growth capital to finance a range of business expansion opportunities. Facility expansion and a real estate project currently under evaluation would require a sizable financing commitment.

Impact to Date

Next Street recommendations are anticipated to increase Gourmet Caterers’ bottom line significantly over the next three years. Next Street is working with Gourmet Caterers’ senior management to pursue a select set of initiatives, identify resource requirements, develop financial forecasts, and plan for implementation.

Looking Ahead

Gourmet Caterers and Next Street anticipate working closely together over the next several years. The president of Gourmet Caterers views Next Street as an extension of his management team with involvement, leadership and support at multiple levels.