R425,000total price

This is a fantastic opportunity to purchase an established food truck with a loyal customer base and a great reputation. The business is constantly growing and has huge potential for expansion, particularly for someone interested in franchising or for those already in the event industry.

The owner is emigrating, so the handover period will be minimal, but all information regarding suppliers, staff, and event organizers will be provided. Currently, the owner is also the chef and attends all functions, so a hands-on operator will be required.

The staff is employed on an event basis, so there is no monthly commitment for the owner. There is already a growing inquiry list, but due to the emigrating, the current owner cannot commit to any upcoming events. However, this presents an excellent opportunity for a new owner to call these inquiries and confirm attendance, guaranteeing an immediate income.

The business has a good name, lots of 5-star ratings, and corporate and private event experience. As a general rule of thumb, a business is valued on a P/E of 3 plus stock. Using this method, the net profit for 12 months is R219,773 x P/E 3 = R641,338. Adding the stock on hand average of R10,000 and pro rata for inquiries which need to be confirmed of R50,000, the total value is R700,000.