Pizza food truck business for sale - 3-year lease - R3.3 million
Price Highly reduced due to urgent relocation
Looking for a fantastic business opportunity?
Don't miss out on this fully operational and fully equipped pizza food truck business! With a secured 3-year lease and booked events lined up for the next 2 years, this is a rare chance you won't want to pass up.
• Secure Lease: Our food truck holds a valuable lease with one of SA's biggest event organizers, ensuring a constant stream of events for the next 2.5 years. This asset sets us apart from other food trucks in the market.
• Unique Collaboration: We have a special arrangement with the event organizer, allowing us to use their kitchen for pizza preparation without any charges. This arrangement will continue, ensuring smooth operations and cost savings.
• Proven Pre-COVID Success: Based on the 2018/2019 financials, the business achieved a turnover of R2 million with the owner earning over R50,000 per month. Though events were impacted by COVID-19 in 2020 and 2021, we rebounded strongly, hitting the R2 million turnover mark in the first year post-COVID.
Owner's Reason for Sale:
The current owner anticipates a prosperous future with expected earnings of at least R2 million over the next two years. However, they have decided to wind down the business to pursue a more family-focused lifestyle on the coast.
Opportunity for New Owners:
This business offers a fantastic work-life balance. If you want to work only five days a month and earn a monthly salary of R50,000, this opportunity is tailor-made for you.
Valuation and Financials:
We have valued the business using a P.E ratio of 4, taking into account the leased asset and the secured event bookings. The net profit for 2023 is projected to be R1,006,800, resulting in a total valuation of R4,027,200.
Looking at the management accounts for 2023, we can already see a net profit of R550,500 achieved in the first half of the year, with the rest of the booked events expected to meet the balance.
For 2024, the projected income based solely on the lease is R1,500,000, with expenses estimated at R500,000, resulting in a net profit of R1,000,000. Additionally, the pro-rata payment for securing the lease adds further value to the business.
Considering all the factors, the total value of this opportunity is calculated as follows:
EBIDTA 2023 x 4 = R4,027,200
Prorata 2024 = R333,333
Total Value = R4,360,533
Price and Inclusions:
The business is being offered for sale at R3.3 million, non-negotiable. This price includes assets, stock, and intellectual property.
Don't let this incredible pizza food truck business slip away! Take advantage of the established lease and booked events to embark on your entrepreneurial journey. Contact us today for more information or to arrange a viewing.