MergerPlace

Mobile Concession Event Business

South Dakota (Minnehaha)


  • Asking Price: $159,000
  • Gross Income: $107,039
  • Cash Flow: $59,686
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $70,350
  • Listing ID: #201161
  • Established: 2002
  • Employees: 9 PT

Business Description

Over the past 15 years this concession business has grown to an outstanding portion selling a wide array of fair foods including: Indian Tacos, Burritos, Nachos, Walking Tacos, Prime Rib, Chislic, Philly Cheesesteaks, Gyros, Corn Dogs, Potato skins, funnel cakes, Lemonade, Snow Cones, Smoothies and more. The past 15 years has allowed the owner to make adjustments and streamline their process and they are happy to share all the efficiencies and lessons learned over the years with a new owner. In the past they have done many events each season and have limited the number they’ve gone to in recent years as they don’t have the time or energy to do all of them. However, they did not burn any bridges and would be happy to introduce the new owner to these many other potential events. They would be welcomed back and could increase revenues and profits dramatically. Currently the business is run for 25 days over four months bringing in well over $100,000 in gross revenues with over half (more than $60,000) to the bottom line. In addition, 10 days are worked in setup and tear-down.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: South Dakota
County: Minnehaha

Company Information

Year Established: 2002
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees: 9 PT

Financial Information

Asking Price: $159,000
Gross Revenue: $107,039
Cash Flow: $59,686
FF&E: $70,350
Inventory: $1,000
Seller Financing Available: Yes

Property Information

Facilities:

A space to park the equipment is needed by the new owner. All the equipment can fit into the 7x16 trailer, concession trailer and the Box Truck that are all included in the sale. The equipment is all in excellent condition—the owner takes pride is a nice-looking, professional operation.

Growth & expansion opportunities:

Business is currently done 25 days a year. It takes a day to setup and a day to tear-down from each event. Doubling the days worked would directly result in a similar portion increase in sales and subsequently the bottom line. If a new owner wants to run this business hard, profits could increase many times over. There are many events that would welcome this business because of their good reputation.

Competition:

There are a number of other players in this arena, but the opportunities to do business are plentiful. You could be busy all summer if desired. There’s also the option to do events further south in the colder months. There is the normal competition, but the reputation of this business is very good. There are many other events that would welcome operation.

Reason for selling:

This serial entrepreneur owner has several businesses, but due to his wife’s serious illness and that she cannot help any longer, he has to focus on his other businesses.

Support & Training:

Will train for 3 weeks @ no cost. The owner is ready to provide a turn-key system for running this business. All supplier introductions, expertise and processes will be shared to ensure a successful transfer. No special licenses are required—just the typical restaurant (ServSafe) and Peddlers licenses. This business takes hard work and the ability to be away from home during the events.

Contact Business Seller

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Business Listed By:

Josh Grode Wolters

Murphy Business Brokers