Profitable Concession Business with Established Event Venues

Sacramento, CA (Sacramento County) (Relocatable)

Seller Financing Available
Kiosks at Fairs and Major Event venues

Asking Price:$299,000

Cash Flow:$145,505

Gross Revenue:$476,337

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1993

Profitable Concession Business with Established Event Venues

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Business Description

Looking for a profitable business with low overhead commitment and a flexible schedule?

This Profitable Event Concession Business might be the one for you!

The owner of this business is not beholden to a Landlord and long-term lease obligation. The sale includes 7 fully equipped mobile concession kiosks and trailers operating within Greater Sacramento Area and Bay Area event venues. The business has relationships with 6 Major Fairs, and 10 Large Event Venues that host over 100 key conventions and events annually.
The company’s high demand product, attractive kiosks, and stellar business reputation means the kiosks get placement in prime locations at each event.

The kiosks produce an easy to make product with few ingredients that is in universally high demand. This simple menu keeps inventory costs low and profits high. There is no fixed rent because each event charges venders a small space fee and a percentage of the gross sales typically between 20% and 25%.
2014 Gross Sales were $453,000 and the Cash Flow was approx $133,000. 2015 Gross Sales were $476,000 with a Cash Flow of approx. $145,000. The addition of a 7th Kiosk in 2016 has increased sales by 20% so far. Business is growing with some exciting new events!
Financials are available with a signed NDA.

Seller Financing offered for Qualified Buyers with $199,000 cash down + $100,000 Seller Note @ 6% interest payable over 3 years = $3,348.50/mo

The company has 20 Part time employees. Each kiosk is run with 2-3 people depending on the size of the event. Events tend to be centered on weekends although some of the larger Fairs and conventions go for a full week or two. Concession work is seasonal and allows for about 6 weeks off between Thanksgiving and New Year’s.

The sale includes 8 weeks of handover training to help a new owner step into this Turnkey business.

Changes in the owner’s health means the time has come to prepare for retirement and pass this thriving business on to new hands. There is excess demand with growth opportunities for the next owner to expand the business, either by using the business’s great reputation to secure new venues or by adding additional kiosk locations to the existing events or perhaps both.

This is a confidential listing so you must complete a Confidentiality Agreement/NDA form for us in order to learn the name and to request financials and further details.

We look forward to talking with you about this exciting opportunity

Detailed Information

Employees:
20 PT
Facilities:
The owner of this business is not beholden to a Landlord and long-term lease obligation. The sale now includes 7 fully equipped mobile concession kiosks and trailers operating within Greater Sacramento Area and Bay Area event venues. The business has relationships with 6 Major Fairs, and 10 Large Event Venues that host over 100 key conventions and events annually. The company’s high demand product, attractive kiosks, and stellar business reputation means the kiosks get placement in prime locations at each event.
Competition:
The business has an excellent long term reputation for quality product and great customer service that would take decades for a new operator to establish on their own. Business gets top level placement and first pick of locations at venues.
Growth & Expansion:
There is excess demand with growth opportunities for the next owner to expand the business, either by using the business’s great reputation to secure new venues or by adding additional kiosk locations to the existing events or perhaps both.
Financing:
$199,000 cash down + $100,000 Note @ 6% interest payable over 3 years = $3,348.50/mo
Support & Training:
The sale includes 8 weeks of handover training to help a new owner step into this Turnkey business. Seller Financing offered for Qualified Buyers with $199,000 cash down + $100,000 Seller Note @ 6% interest payable over 3 years = $3,348.50/mo
Reason for Selling:
Retiring for Health Reasons

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Tricia Bernhardt

Business Listed By:
Tricia Bernhardt

Restaurant eXchange

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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