Food Truck Business, Southern California

10 months ago Los Angeles, United States Ad Views:529 Ad ID: 2458

Additional Details

  • Ad ID2458
  • Posted On10 months ago
  • Ad Views529
  • Price$1,620,000

Description

High Profit Margin Food Truck Business Brings You the Ultimate NY Deli Experience!

With nearly 10 years of successful business, this Multi-Unit (2 Food Trucks) business has truly found its niche in the market by strategically placing its business at the best/ most acclaimed events throughout all of Southern California such as music festivals, car shows, art shows, craft shows, marathons, television production studios, tournaments and sporting events

The well marketed company has been largely semi-absentee operated by its owner for the past 2-3 years while the owner focused on business development and new approaches adding catering events like weddings, bar mitzvahs, birthdays, private events and film shoots.

Over the past three years, this flourishing successful business has consistently generated revenues of between $1M and $1.2M in gross revenues and between $497K AND $551K in SDE (Seller’s Discretionary Earnings) with profitable cash flow. The company has consistently maintained core revenues based on brand marketability and solid networking: much of their success is attributed to all the strong business relationships developed and future strategic event planning.

This prosperous company includes 2 tiptop-shape food trucks mechanically sound with all records of maintenance. Both Trucks are FULLY PAID OFF AND OWNED FREE & CLEAR, both identical with Custom Built Kitchens. Each Truck has a current market value of $250K. The seller is committed to ensuring a successful transition to the successful buyer and will remain on board for a set time after closing for training & transitional support.

Seller is offering up to 50% of the purchase price in seller financing. As CONFIDENTIALITY is of our highest priority, only financially qualified buyers need to inquire.

 

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