Successful Oxfordshire Food Truck Event Catering Business for Sale, Established 2013, Relocatable
Relocatable
- Status
FOR SALE
- Date Submitted:
22/07/21
- Advert ID
280010
- Asking Price: £78,000
- Turnover: N/A
- Net Profit: On request
Key Features
- Attractive Business
- Established Business
- Accounts Available
- Small Business
Business Details
Established Popular Food Truck Event Catering Business in Oxfordshire
Established in 2013, this successful event catering company is reluctantly up for sale by the owners due to increasing family commitments.
It has built up a strong brand presence and great reputation. Over the past four years, it has achieved an average turnover of £108,000 with a gross profit of £54,800. Despite the difficulties in the current climate, they still managed to achieve a turnover of £49,000 in 2020 with a gross profit of £25,600. It is now seeing a huge increase in demand.
It has a wealth of assets including a newly built highly bespoke state-of-the-art food truck complete with double Lincat fryer, chrome grill, Dometic fridge, neon lights, drop down speakers, Victron solar system and a whole lot more. This food truck was completed in 2020 so is in really great condition. There is nothing like this out there and gains a lot of attraction at events and interest from potential customers.
The company has built great relationships with premium suppliers. The hot dogs for example are made by a top charcuterie company just for them (with no nitrites).
The business also has great relationships with event companies resulting in regular repeat business. 97% of reviews they have received from customers they have catered for have rated them 5*.
This business has two distinct areas: private catering events (e.g corporate events & weddings) & retail events (e.g music festivals & markets)
Full training can be provided on all aspects of running the business, if required, from recipes to the marketing process.
Their website achieves 600 plus hits a month with an average of two enquiries every day with a ~25% conversion rate.
The owners place a real emphasis on quality in everything they have done, resulting in a solid business with high-quality assets. There is huge potential with this business with many enquiries currently being turned down due to lack of capacity from the current owners.
With events already booked for 2022 and a continued increase in enquiries, the successful buyer will be able to make money from the start.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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