Successful Food Trucks - Top Wedding Caterer!

Hayward, CA (Alameda County)

Successful Food Trucks - Top Wedding Caterer!
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Asking Price: $445,000

Cash Flow: $170,000

Gross Revenue: $650,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2012

Successful Food Trucks - Top Wedding Caterer!

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Business Description

So you're thinking of quitting your tech job to pursue your dream of running your own food truck. Instead of taking a huge risk of creating your own following in this crowded space, this is your shot to continue running a successful business that has an outstanding reputation, award winning service, and six figures net profit. You can experience strong cash flow while experimenting with your own menu/cuisines.

FOR SALE:

- $445,000
- Both trucks, 1990 and 1992
- Entire brand, menu, wedding contracts, and future leads/profits
- Net business profit is a healthy 6 figures annually after paying myself and staff of 3-5
- Owner salary ~$60,000
- Enjoy strong cash flow while trying out your own menu ideas
- Deliberately capped growth, enough demand for 3 trucks! But I choose to decline business for better work-life balance

YOU:

- At least 1 year managerial experience, preferably a current or previous business owner with at least 4 full time employees
- Able to work full time
- Strong work ethic and attention to detail
- Able to lift 50lbs
- Ready to make money!

We now focus on wedding caterings - yes the entire wedding in most cases! We catered 50 weddings in 2018, and currently have 40 weddings booked for 2019, and still booking. Most other trucks do about 2 to 5 weddings/year. Many have never catered a single wedding. On top of that, we cater 25+ corporate and private events on average each month.

Why am I considering selling? I feel after these 7 years, it's time I try to build another business focused on YouTube and entertainment. It's in my blood to entertain and create content, but I am unable to pursue this passion 100% while still running the trucks. Don't get me wrong, food has been my passion and still is my pride and joy to operate and grow this business, but I feel it's time to hand it off to someone else with a fiery passion. It's a bittersweet predicament. If I'm unable to find the right buyer, I will consider continue running this business by hiring or promoting a General Manager with profit sharing.

Either way, thanks for your time and consideration.

Detailed Information

Location:
Hayward, CA
Reason for Selling:
Owner is looking to transition to Youtube entertainment
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