Due to the Covid-19 virus this is being offered on a reduced-price basis.
Prior to Covid, this was a very successful and fast-growing food truck business situated in one of the most popular local and tourist locations in Oahu, Hawai’i is offered for sale due to the relocation of the owner to the mainland. They are one of many different food trucks at this exceedingly popular and successful location. They offer specialty products at high profits margins, with limited direct competition.
They have been consistently successful and profitable since they opened and have received consistent positive ratings via Yelp and Google. They offer high-quality products at premium prices, attractive branding, and an excellent location. The business is enjoyable to operate; the current owner has taken multiple vacations and days off and has confidently left the business to be managed by the employees. There are excellent growth opportunities for this business which are detailed in the Confidential Business Profile.
Due to the birth of twins, the owner and his family moved back to the mainland and has been running the business on an absentee basis since June 2020. Annual pre-virus period sales of over $200,000 and SDE of over $83,000; gross margin of 70%. Easy to operate, Square POS and credit card system, only two part-time employees, and open just 6 ½ hours per day.
After being shut down for over a month due to the virus, the Business reopened on May 1, 2020 and since June is being operated by the owner’s part time employees. His landlord has been very helpful during this Covid crisis and has forgiven many months of lease rent. Sales and profits have been materially reduced by the virus but with the “opening” of the Hawaii tourist market on October 15, 2020, the owner is expecting sales and profits to begin to recover especially when the traditional holiday season begins in December.
The Business is being offered on a total turnkey basis with all assets included and the owner will provide training and a non-competition agreement.
Is now the time to position yourself for the post pandemic recovery in Hawaii’s paradise?
For detailed Confidential Business Profile, with all financial and operating details, please contact us.
Detailed in the Confidential Business Profile
Limited Direct Competition