Food Truck for Sale in Austin delivers owner earnings of $155,000!
Buy this Food Truck for Sale in Austin, Texas and you get six figure earnings of $155,000!! Don't miss this opportunity to cash in on the growing trend of mobile cuisine!
One of the most sought after food trucks in Austin is now offered for sale by The Restaurant Brokers! This renowned 4.5 year old establishment's cash flow is currently trending upwards from its current $155,000 net profit, and they are set to surpass their $180,000 goal by year's end. 2018's cash flow is confidently projected to significantly increase, due to the recent purchase of a fantastic new food truck and to a highly efficient Management team effectively translating their combined 40 years of Executive Food Management experience into a high-growth formula that was specifically designed to:
- reel in notable accolades
- deliver highly lucrative contracts
- maintain exceptionally low overhead
- garner five star customer reviews
- continuously grow the (currently 3,000) loyal-customer database
This truck specializes in famous noodle and rice dishes from Southeast Asia. The key to their success was propelled by several factors: being the first to enter the market, delivering the authentic flavors of Southeast Asia, and creating an exceptionally loyal following. This truck is a perennial favorite not only to customers but also to event organizers of the top most-recognized events in Austin, such as SXSW, Trail of Lights, 4th of July Symphony, Trailer Food Tuesdays, etc.
Over 90% of the food is made from scratch to maintain integrity and profitability. Only quality spices are used, and with zero additives added. The company plans on moving towards farm-to-table in the near future. Their flavors stem from a region considered the Melting Pot of Asia, which equates to highly addicting Asian flavors that are void of extreme seasonings. The results are dishes that resonate beautifully with American palettes, as proven by the nearly 3,000 customers currently in their loyalty program.
The main revenue stream stems from a strong and stable weekday lunch business visiting high occupancy corporate offices around Austin, additionally bolstered by their consistent secondary revenue stream from Corporate Caterings, averaging out to four caterings per week. Events is their tertiary revenue stream, averaging out to one per month. They just signed a contract with two Premium tradeshow facilities in Austin, which should increase their events to three per month.
Since inception, the business has been operating out of a fully-owned mobile food trailer as well as a commercially leased brick-and-mortar kitchen located downtown. This year, they've spared no expense on constructing an outstanding food truck, not just in aesthetics but also with functionality never seen before in an Austin food truck. It is fully wrapped with stand-out commissioned artwork and LED lights. The amazing new truck was put into service in August 2017 at the top-performing lunch locations, which typically garner 90-160 covers during lunch. The original trailer took over lesser-performing lunch locations that garner 70-90 covers during lunch.
This establishment's economics are truly extraordinary when compared to restaurants and other food trucks. Their rent is only $800 a month for the commercially leased kitchen, and zero rent at the corporate offices they serve to add to the overhead. Their bottom line reflects operational savings that skyrocket the bottom line. Labor costs are also far lower, which again contributes to the bottom line. Their Management of COGS (cost of goods sold) is an exemplary industry-low of 20%, which also goes straight to profit. Their fine Management team deploys this consistently-proven financial recipe, creating a sizeable annual Owner Benefit. The Management personnel intend to stay upon the sale of the business, ensuring continuity and profitability for the new owner. This Profit is unlikely to trend downwards due to the continued retention of key Executive Management personnel upon sales of business.
This truck, offered by the Restaurant Brokers, is a profitable, quickly-expanding enterprise. With their new and impressively re-designed addition to the food truck fleet now fully operational, they are poised to repeat their 200% growth. There are plans to enter the grocery store arena within the next year, and they are also ready for a brick-and-mortar location should the right location arise and space become available. The owner knows full-well that revenue will continue scaling up, but they have another, non-competing opportunity that they truly want to pursue, and which they foresee as being even more profitable than this enterprise. Their decision to sell in order to fund their new enterprise provides something of a once-in-a-lifetime opportunity to the potential owner.
Own a highly profitable and reputable food truck establishment that is run above and beyond the efficiency and productivity of most other restaurants and food trucks in town… and with considerable room for growth.
Click on the tab below to receive the name, address, and additional photographs of this Food Truck for Sale once you electronically agree to confidentiality. If you have any questions please call Austin's only Certified Restaurant Broker, Dave Duce, at 512-773-5272.
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- Listing#: 5716
- Price: $399,999
- Location: Austin
- Owner Benefit of $155,000!
- Added second truck only one month ago - profits are booming.
- Well loved with local brand.
- One truck grossed $60k in 10 days during SXSW!
- Incredible turn-key situation.
- Food Truck for Sale