Premium Street Food Vendor with Strong Presence at London Sporting Venues for Sale
City of London, London
- Status
FOR SALE
- Advert ID
624738
- Reference
MC/STFOOD / Rightbiz
- Call Agent:
- Asking Price: £350,000
- Turnover: £1,000,000 (£19,231 per week)
- Profit: £125,000 (13% Profit margin)
Key Features
- Unique Business
- Price Reduced
- Home Based
- High Turnover
Business Details
Street Food Provider at Premium Sporting and Other Venues
Morton Christie Ltd exclusively offers for sale a business that has developed a strong reputation providing pop up and street food at sporting and other events and festivals, in additional to (semi) permanent pitches in London. It has a full-time presence at some premium sporting and other venues in London, in addition supporting ad hoc events at many other prestigious venues including Cheltenham, Henley, Wimbledon etc
The business focuses on a limited high quality product range, allowing it to maintain the standard of its food while operating a streamlined supply chain.
The business operates from a number of high quality and branded converted container units and food trucks and employs a core staff of 3, in addition to ad hoc subcontract support when required.
The business has grown organically, without the need for advertising spend and is expected to exceed £1M turnover this year at very strong gross margins. Profits before owner drawings for the current year are expected to be c £125k.
The guide price sought by the Vendor for 100% of the shares of the Company is £350,000. The business will be sold on a debt free, cash free basis to include a Net Asset Value at Completion expected to be c. £120k. The business will be an attractive acquisition for larger trade buyers, potentially looking to extend their geographic / client reach or product range. It will also appeal individuals looking for a robust stand alone business with significant growth opportunities.
The vendor will provide appropriate handover support.
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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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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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Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Be safe, use a Rightbiz Solicitor
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