Food Truck & Trailer Commissary & Catering Company
www.GlobalBX.com
Listing ID:
700375823
Listing Title:
Food Truck & Trailer Commissary & Catering Company
Quick Link:
http://www.globalbx.com/listing.asp?bId=375823
Industry:
Food and Beverage
Industry Segment:
Catering Services
Country:
United States
State / Province:
California
Area
Southern California - Los Angeles Area
City:
Oxnard
Asking Price Range:
$5.0M - $10.0M
Gross Revenues:
$864,000
Cash Flow:
$200,000
Cash Flow Type:
EBITDA
Year Established:
1982
Number of Employees:
6 - 9
Business Description:
This food truck and trailer commissary and catering company is a well-established
incumbent operator that's boasted as near 100% rental space occupancy rate for most
of its decade long history. The commissary portion of the property, parking lot and
vehicle servicing area caters to 60 recurring clients on annual leases (as there is a
regular waitlist to fill vacancies, the contracts are not emphasized so client are
welcome to leave if the please). Parking space rentals are $1.2k per month, resulting in
$72k in stable monthly revenues. The venue also provides clients refrigerated and
frozen cold storage space, a vehicle cleaning, waste disposal and servicing facility, as
well as a full-preparation kitchen if needed. The nearly 17k square foot facility is comprised of 2 similar sized buildings on 1.76
acres (76.5k sq ft) in between two main throughways with stellar freeway access. The
premise has a large walk-in cooler and freezer, as well as a secondary one in the
kitchen. It also boasts grocery store style shelfing to house dry inventory, as well as a
full kitchen with a large griddle, 2 bucket deep fryer, grill, range top stove, stacked
ovens, salad and additional preparation tables, a three-bucket sink and dishwasher.
The premise has 4 loading docks with 60 secured rear parking spaces, 24 spaces in the
front, and can house another 20+ vehicles inside the 2nd building. In addition, there are
4 loading docks and a comprehensive vehicle servicing facility that can simultaneously
cater to multiple clients. Competition exists in the two neighboring communities. Each is also at capacity, and
they are reported to charge similar monthly space rental fees. Due to the required
health permits and facility licensing and building and safety approvals, catering and
food trucks and trailers are required to be housed in an approved commissary. As a
result, there is strong customer demand and significant barriers to entry exist.
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