Food Truck & Trailer Commissary & Catering Company

Oxnard, CA
Ventura County


Asking Price: Annual Revenue:
$7,000,000 $864,000

Food & Beverage: Catering, Food Preparation


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RE: Food Truck & Trailer Commissary & Catering Company Broker: Ryan Clark

Quick Facts

Asking Price: $7,000,000
Annual Revenue: $864,000
Net Profit: $200,000
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1982
Employees: Not Disclosed
BBN Listing #: 43994929
Broker Reference #: Truckie

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Business Overview:

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 $1,200 per month, resulting in $72,000 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.

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Property Features and Assets:

The nearly 17k square foot facility is comprised of 2 similar sized buildings on 1.76 acres (76,500 square feet) 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.

Market Competition and Expansion:

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. New operators may wish to increase tenant rental fees, but they will likely realize larger returns by providing more comprehensive support services to the tenants. This includes purchasing the common food products in bulk and housing them onsite to resell to the catering trucks (most of which serve Mexican food, so there tends to be significant overlap in ingredients). They can also capitalize on the facility’s kitchen space to allow client’s to do food preparation and prepare bulk meals in advance for large scale events such a weddings and quinceaneras. Of course, while the parking lots are full the premises have significant vacant office and meeting space that may also be leased out.

Reason for Selling:

Personal

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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