Catering Food Truck Route For Sale – Providence, Rhode Island
Catering Food Truck Route For Sale $54,900! Currently grossing an estimated $131,909 per year with cash flow of $54,436 per year! Well established Catering Truck Route business for sale. This is a great cash business on a route which has been established for 38 years! There are currently 15 stops in the Providence, Pawtucket, Rhode Island areas. Included with the route is a Quonset Point Business License. This is a rare and sought after license allowing the owner to conduct business at the Quonset Point business park. The owner of this route works 5 days a week from around 5am to 1pm each day. The truck included is a Ford Super Duty F350 Diesel truck. Unlimited growth opportunities!
Frequently Asked Questions:
What are the current average sales and gross income for this route?
Currently this route grosses an estimated $131,909 in yearly sales and nets $54,436 per year. The current owner operates as a cash business. Purchase records will be shared with all serious buyers.
How do I get paid?
As an independent operator you are make money by purchasing product at wholesale cost and selling it to your customer base via the Food Truck.
How much can I make?
Food Truck Route businesses have unlimited growth potential and can be operated anywhere. The yearly sales can be increased by new accounts being established.
Can I finance the route?
There is no seller financing for this route, and unfortunately banks will NOT write business loans against route based businesses for several reasons. However if you need money, you can review additional Financing Options Here
What are my expenses and overhead?
Expenses include, but are not limited to: taxes, product cost, insurance, and fuel. The above cash flow represents the profit after an estimated $77,473 in operating cost and expenses are subtracted.
What type of insurance do I need?
Typically a single owner operator of a route distributorship will need commercial insurance for their delivery vehicle and business liability insurance. Owners with multiple employees will need a multiple vehicle policy and worker’s compensation. Routes For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
What type of vehicle do I need?
The route comes with a 2001 Ford Super Duty F350 Diesel truck – with a new motor. When considering additional vehicle lease or purchase, Routes For Sale recommends Bush Trucks.
How does the selling price of the route get determined?
To determine a business’s price, a standard formula is to multiply 2 years of the net plus consideration of business assets, this business is priced aggressively to sell!
Do I have to pay for inventory or purchase product up front?
Yes, the business requires you to purchase product at wholesale through wholesale retailers such as Restaurant Depot, Sam’s Club, and other vending supply companies.
Who is responsible for damaged or out of date product?
You are responsible for the product you purchase.
Why is the owner selling?
Owner is retiring after 38 years in the business!
Where is the warehouse located?
The warehouse is currently located in Providence, RI.
How many accounts does the route have?
Currently there are 15 accounts/stops on the route.
Does the owner have contracts in place with customers?
No, there are not contracts with the locations although all of the locations have been long time customers with this owner.
How long has the seller owned the business?
The current owner has owned this business for 38 years.
How many days a week, and what hours does the owner work?
Owner works 5 days per week taking Saturday and Sunday off, 5.00am to 1.00pm. Additional hours could be added to gain additional income.
What about vacation time or personal days?
As an independent business owner you are responsible for servicing your accounts. It is our recommendation that you hire or train someone for additional time needed off.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Be Your Own Boss with flexible hours! Unlimited growth opportunity! The food truck business is a 100% cash-only business that offers a great income! The long cherished notion of getting a job that would provide both long term security and benefits is close to disappearing in the American workplace. It is no surprise that more people today want to do “their own thing”. Food Truck Vending is one of the final frontiers. Hurry this won’t last long! Great income and hours for $54,900! Contact Us About This Route Here!
Disclaimer: Routes For Sale is a Broker that brings buyers and sellers together. Routes For Sale does not represent, or is not affiliated with the company the distributorship is being offered. All agreements are made between the buyer and seller and not Routes For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on a current 52 week sales average generated by the efforts of the current owner. As with any business you can make more or less.
Rhode Island Providence Rhode Island United States