Fully describe the business's activities?
Modern Food Truck business for sale. They do daily lunch runs to office parks and weekend social events. This food has a truck unique menu selling gourmet burgers and other delectable food items. The business is easy to run and very profitable. Can be relocated anywhere, however huge potential in the Johannesburg & Pretoria Market
How long has the business been established?
The owner started the business in January 2018.
How does the business operate on a daily basis?
They do daily lunch runs at office parks within Johannesburg, they have set menu's for each day and the owner has a team of two grillers assisting with the daily sales and food preparation. The owner is more involved in the prepping of food and overall management of the business. There is huge potential for the business to operate over weekends at events, social gatherings, festivals and more.
How are the clients attracted to the business?
Very modern look and feel to the food truck as well as a unique food experience. Doing lunch runs at nearby office parks is the ideal way to attract more clients.
What Advertising/Marketing is carried out?
The business has a website and Facebook page. The food truck has also been branded in order to attract attention to it.
What competition exists?
General Take-away businesses and other food trucks.
Is the business VAT Registered?
No, the business is not VAT registered.
What Balance Sheet and Income Statements are available?
The owner provided us with an Income Statement for the past 6 months. Note: (May was only one week trading and June only one event.)
What percentage of the business is cash/credit?
Currently the business is 100% cash. They have recently acquired a card machine which will increase sales.
How could the profitability of the business be improved?
There is a huge opportunity to improve the profitability by attending more weekend events.
What is the total staff complement?
2 staff members excluding the owner.
Give a breakdown of staff/ functions/ length of service?
1 x Griller & Cashier 1 x Griller & Driver (code 14 license)
Do any receive special perks or incentives?
Staff receive a basic salary.
How involved is the Owner in running the business?
The owner is more involved on the overall management of the business and not on the daily preparation and sales of the business. Recently she has not spend any time in the business due to family responsibilities.
What are the main assets of the business?
Main assets in the business: Customized food truck which includes built-in: - Fridges; - Stovetop; - Chip Fryer; - Flattop grill; - Basin & Tap
Which assets are on lease/HP and with whom?
Are they presently insured?
Yes, the business/truck is comprehensively insured.
- Easy to run business; - Profitability can be increased easy by doing more events; - Food Truck business is picking up in Johannesburg and great scope for growth; - Unique menu which attracts a lot of attention.
- Currently not trading due to family responsibilities.
- Opportunity to grow by attending more markets and weekend events; - Catering opportunities; - Increase marketing activity by focusing on social media presence.
What is the reason for the sale?
The owner experienced a loss in the family and therefore would rather sell the business. Time being taken up with other family responsibilities.
Why is this a good business?
Small business, easy to run, profitable, "lock-up-and-go", flexible trading hours. Great selling price and can be operated forom anywhere.
What is the price plus stock and the net profit?
The business is being sold for R450 000 with an average net profit of R27 000
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