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Mobile food and catering businesses that include vans, trucks, marquees and trailers usually involve purchasing the setup or vehicle as part of the business. In order to buy an existing mobile food business you need to register for alerts so you are notified when a new business is listed. You can then make contact with the seller and request more information. Usually the seller or broker will ask you to complete an NDA to ensure the confidentiality of the business. Buying a mobile food van can save you a lot of time in trying to set up the business from scratch.It's important to seek professional advice during the process to ensure the due diligence is properly conducted.
There are many options when it comes to buying a mobile food business. You can buy a trailer, a commercial van, a marquee or a truck. Finding a good mobile food or catering business will depend on a few factors. Firstly, the condition of the vehicle or trailer you are buying, you want to make sure you are paying a fair price, so it's important you know what it would cost to buy and fit-out that particular type of van or trailer. Secondly, does the business have contracts in place to appear regularly at certain markets or venues, some markets may be hard to get access to. Thirdly, are they approved by the local council to operate, most councils require a food health and safety check before operation. Once you have assessed these 3 factors, you then need to look at the profitability of the business, how much money you can actually make. It's important to remember mobile food vans require exposure to be successful.
Selling a mobile food van business requires preparation. Having a solid exit strategy will mean your food van business is ready for sale and has a greater chance of achieving an optimum price. It’s important to be prepared for the sales journey as it usually takes around 6-9 months to sell a business in Australia. Check out Bsales 6 steps to prepare a business for sale which will provide you a checklist and a general step by step guide. Business brokers are licensed professionals who can assist with the sale of your business and market it on websites such as Bsale. Check out the Find a Business Broker section to locate a suitable broker for your business. Bsale also offers advertising direct to business owners.
When purchasing a mobile food van they typically come setup with a certain cuisine, such as Burgers and Kebabs. You have the option to maintain that cuisine and the client base that knows the business, or you can rebrand to a cuisine more suited to your experience. In terms of the type of setup, you can buy a trailer, a commercial van, a marquee or a truck. Each option has its benefits and downfalls, the most common choice being a trailer as it’s easy to maneuver into market sites, but it depends on what type of business you want to set up.
Mobile food businesses give the owner a lot of control over the business as it tends to be a smaller operation. It allows the owner to develop the cuisine, recipes, marketing and products offered. It is common for these businesses to operate nights and weekends. Depending on the size of your mobile food business, you may employ staff as part of your team. There is also the potential to purchase more vans and expand the business to cover more venues. Buying an established van or trailer will give you the setup necessary to start operating and may be cheaper than getting one built from scratch.
If the buyer intends to work within the business, such as serving coffee or food, they need to have an adequate level of fitness and work for hours whilst standing and serving. The owner will need to have completed food health and safety courses to ensure their business runs hygienically and follows food guidelines. Previous experience in hospitality would be beneficial but not a requirement.
Mobile food businesses are appraised based on a multiple of the net profit to the owner with some market predictions. Mobile food businesses may be stationery or they may move between locations, this may play a part in the appraisal. Obviously, the cost of the van, trailer, truck or marquee’s needs to be taken into consideration. It's important to seek professional advice when buying a business so you know exactly what you are buying and proper due diligence is conducted.
No, you are just buying the vehicle. A business should include products, equipment, contracts, client base, distributors, employees, marketing documents, trademarks, etc. The mobile food van, trailer, or truck needs have an ABN included for it to be considered a business sale.
Social media accounts can be included in a business sale. Mobile food vans tend to rely heavily on social media to make announcements such as where they will be located. It's important to check the TOS on Facebook, Instagram, Twitter etc for the current ruling as it can change. It's important to note that social media pages always belong to the social media platform such as Facebook, and as such, they have control over the pages and can remove it at any time. It's also important to check the authenticity of the followers of an account as people can buy followers, you will want to check the engagement of the posts.
The most obvious way is by selling food or drinks, though the way businesses operate can be different. There are mobile food vans that rely on weekend markets and travel between them to make sales and generate income. There are vans that are stationary at locations such as petrol stations, that operate 7 days a week and rely on passing trade. There are vans that will move between venues and hot spots often announcing their arrival, they tend to operate Thursday-Sunday. The amount of exposure a mobile food van receives is important, as they can only make money when people arrive to buy food or drink. So determining the location is just as important as the food or drink being offered.
The best way to keep track of new mobile food van business opportunities is to save your search result. You will be notified as soon as a new food van business is listed for sale.