Award-Winning Vegan Street Food Business in Falmouth with 15 Years Profitable Trading for Sale
Falmouth, Cornwall
- Status
FOR SALE
- Date Submitted:
18/05/22
- Advert ID
295596
- Asking Price: £59,000
- Turnover: £75,000 (£1,442 Per week)
- Net Profit: On request
Key Features
- Small Business
- Established Business
- Fully Fitted
- Offers Invited
- Accounts Available
- Unique Business
- Close to Local Amenities
- Prime Location
- Attractive Business
Business Details
Thriving Street Food Business In Falmouth For Sale
This is the opportunity to run a successful, multi award-winning, owner-operated street food business with 15 years profitable trading in the buzzing Coastal town of Falmouth. A strong local brand with two fully branded trailers, a unique vegan menu, a loyal customer base and an impeccable reputation. included in the sale:
* Commercial kitchen lease at just over £4000 per annum (can also be operated from home)
* All required catering equipment
* Stock and ingredients
* Secret recipes
* Original artwork and branding
* Striking, easy to maintain website and social media accounts
* Eco packaging and sustainable menu
* Training and ongoing support
For the year ending 5th April 2022 Fal Falafel posted a turnover of £75,488 (excluding grants) with an impressive gross profit of £50,327 before staff costs and rent of commercial kitchen. Due to the current owner’s time restrictions the business focusses on one permanent pitch in Falmouth but the business also has two other elements which could easily be expanded upon:
1: Private & corporate catering with a colorful mezze menu
2: Events, festivals & weddings using the second trailer
The permanent pitch is in a prime position in Falmouth and provides quick, healthy lunches for all ages using local produce. It gains good year-round trade due to the local student population but is is exceptionally busy in the Summer. This pitch took eight years to achieve and has full support from Falmouth Town Council. Falmouth has recently been voted as one of the most desirable places to live in the UK.
A rock solid brand with a strong reputation within the local community with excellent contacts for festivals and wedding venues. The proud winners of 'Best Street Food in Cornwall’ award at the ‘What's On Cornwall Awards’ as well as being placed runners up in the BBC Food and Farming Awards, the business is renowned for its quality of food and as such has a high level of regular repeat trade along with many visiting (and repeat visiting) tourists. Consistent positive reviews. This is a superb opportunity to purchase a growing business with further potential which is a great base to build upon. Early viewing is highly recommended.
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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.
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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.
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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.
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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.
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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.'.
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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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