Catering Van for sale, opinions please

S

Stark

Veteran
Hi guys....need some help. A friend of mine has a franchise van, which sells coffees, pastries etc etc. it has it's own generator, fridge, professional coffee machine in the back etc etc.....and it's housed in a Mercedes Vito van, on a 55 reg with 30K miles...

It's a great little earner, she takes about £2000 a month profit, and works just 5 hours a day Mon-Fri in West London. Situ is she is relocating and starting a new job and wants to sell up....

Would you advertise it as a business, or sell it broken up etc, van on its own, generator etc etc....?? She paid £15K and wants something close to that. She has full accounts for the last 6 months, but it just seems tough to sell this kind of thing....in the current climate.

Any thoughts?? What about an auction??? Would appreciates any advice

Thanks
 
Stark said:
she takes about £2000 a month profit, and works just 5 hours a day Mon-Fri in West London. Situ is she is relocating and starting a new job and wants to sell up....

Would you advertise it as a business,
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this is the nub...is it a van with a cooker etc, or is it a business? is it a pitch she has rights to or does she just pitch up for as long as it takes the old bill to bust her?
 
I'd say if it's a good well established business as you say then it would make more sense to sell as a whole - because there is a value for the goodwill, the profits generated and the fixed assets too.
 
Worth a punt on gumtree :wink: those kind of sales are on there all the time & TBH if she's looking for 15k with the 55 vito included at £2k month profit that doesn't seem a bad ask ? :wink: tempted myself but the commute from lancs would be a killer :P
 
original guvnor said:
I'd say if it's a good well established business as you say then it would make more sense to sell as a whole - because there is a value for the goodwill, the profits generated and the fixed assets too.
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Agree - the value is in the goodwil, not a van. It's the customers and locations that drive the value.
She needs to sell on the entire business wrap into it the sites she uses, vans, supplier contacts, etc.

Business ought to be worht a multiple of revenue say say £24k (wild guess for illustration of 2x profit) Vs say £5k for the van.

My daughter set up a small business babysitting and looking after local folks. Branded it and sold it for a lot of money to someone what wanted to take over as she moved to uni.
 
I would sell it as a going concern, as it is a business turning over a profit, and therefore could demand more money. Potential buyers would also want to look at the books and checkout the pitch and any related conditions etc. Would be worth a punt in the first instance.
 
Its ex franchise and has an established round, 6 office buildings...no cookers, just an oven, coffee machine, grinder, large fridge etc.....
 
Sell the business.

2k T/O or profit?

Include all goodwill and a couple of weeks training and it should make way more than the sum of it's parts!
 
Profit.....have done a really good advert, and up for sale at £18K, but not one single taker. Included training, on the job, new livery and servicing of the vehicle etc etc....but surprised why nobody is interested.

Right now just sat outside doing nothing. Had a gig with Ealing Studios every morning too this week worth £500 for 1 hour each morning for 4 days...but she turned it down as couldn't do it!!
 
If I lived nearby...I would buy it and staff it!

Can you pm me the advert please?

I may know someone who would like like it.
 
There is also a gig on at Wormwood Scrubs for the American Softball team for 10 weeks, for coffee and food, with a daily take of £300-400 over the weekends up until June. The owner has been keeping up the interest on the van, and with regular customers. Daily consumables and diesel is about £25 a day.
 
Stark said:
Hi guys....need some help. A friend of mine has a franchise van, which sells coffees, pastries etc etc. it has it's own generator, fridge, professional coffee machine in the back etc etc.....and it's housed in a Mercedes Vito van, on a 55 reg with 30K miles...

It's a great little earner, she takes about £2000 a month profit, and works just 5 hours a day Mon-Fri in West London. Situ is she is relocating and starting a new job and wants to sell up....

Would you advertise it as a business, or sell it broken up etc, van on its own, generator etc etc....?? She paid £15K and wants something close to that. She has full accounts for the last 6 months, but it just seems tough to sell this kind of thing....in the current climate.

Any thoughts?? What about an auction??? Would appreciates any advice

Thanks
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Oh dear, a can of worms IMO but best of luck :thumbsup:
 
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