Summary
We are ready to retire and pass this fantastic business to a new lucky owner. Set yourself up for a comfortable life and early retirement & only work hard for 7 months of the year!
Revenue
$906,000 pa
Rent
$5,500 pa
Expenses
$456,000 pa
Net Profit
$450,000 pa
Location Details
Based at a factory location in SE Melbourne, but services functions and events throughout Melbourne and Victoria.
Potential
Despite being a finely tuned and profitable business, there is still much room for growth.
Most of our current business is through word of mouth and repeat customers. We have opted to decline a lot of events and private functions to keep a work life balance. We have also not even tapped the potential growth through social media - for the same reason.
Skills
Basic business skills would be required.
This business employs a full time person plus casuals. One director of the business also draws a salary as an admin manager and cook/function manager, when there are double bookings, but another employee could easily be trained to do these tasks. Book keeping and accounting duties are outsourced to qualified professionals.
Chef qualification not required.
May need to do a Food Safety Supervisor course - easily done online in a few hours.
Hours
Very weekend centric other than corporate catering - normally takes place on weekdays. Seasonal September-April.
Lease
Flexible lease - can either continue to rent there or move to own premises.
Employees
1 full time person.
Many casuals (18-20yo) due to seasonal nature of the business.
Owner performs all admin - but an employee could easily be trained to do this.
Reason for Sale
We are retiring so we can travel and spend more time overseas with our family. Operating this business over the last ten years has enabled us to begin the process of retiring at the age of 55!
About the Business
This business is highly profitable due to our minimal product and staff costs. It is also easy to run and manage. We would expect an ROI of approximately 3 years for the purchaser and we are willing to stay on for a negotiated amount of time for a handover. We have every wish to see the next owner successfully continue the business and even take it further if desired.
The business is mostly seasonal with multiple events on some weekends. During the colder months, we take it easy and head overseas for holidays. It is a great option for someone who wants to work hard over 6-7 months and then relax with select occasional events during the winter.
Despite being a hospitality business, there is no need to be a qualified chef. Our menu contains 3-4 items which anyone can be trained to cook. The functions and events are all carried out off site, using two exceptionally designed, council approved food trucks. Prep work and storage is on site in a warehouse located in Rowville Victoria - close to Eastlink and the Monash freeway.
Our clients are festival organisers, corporate entities, and the public (weddings, birthdays, etc). We have an excellent reputation with festival organisers and are regular vendors at most of the large festivals in Victoria - and some interstate. We already have a solidly populated calendar of high quality, profitable events for the upcoming 'season' (runs approximately September to April).
Would be a great business for a family, duo - or an investor who wants to hire people to run it for them. Plenty of profit to support this.
We are happy to provide business and financial details to serious enquiries only (NDA required).
History
This business was started by our family in our own home and has rapidly grown to operating out of a factory with two high volume food trucks. Also the opportunity to run a truck in Queensland if desired.
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