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Food Cart Business $265K SDE Expansion Rights

City of Richmond, VA, USA
Listed 257 days ago

Offered for sale is a long-established, highly profitable food cart business with more than 30 years of operations. The business currently operates a single cart producing approximately $265,000 in Seller’s Discretionary Earnings, with simple operations and exceptional margins. The sale includes five transferable city peddler permits, allowing a buyer to expand to multiple simultaneous locations at their discretion. Recently, the seller has intentionally maintained a single-cart model for lifestyle reasons. Financial Highlights 2025 Seller’s Discretionary Earnings: ~$265,000 Strong, consistent revenue history Excellent gross and net margins ​Clean, well-documented add-backs available to qualified buyers Asking price reflects just over 2× verified historical SDE, without attributing value to speculative expansion. Operations The business is owner-operated with part-time staff support. Seller is currently reopening a second permitted location in Spring 2026 to demonstrate concurrent operations and reduced owner reliance. Early operating results will be shared with qualified buyers as supplemental information. Established in 1996 by two entrepreneurial brothers, this well-known food cart business has become a city staple, consistently ranked among the best in the area. With five valuable street vending permits—including a flexible mobile peddler’s permit—the business offers strong operational versatility. Known for fresh, healthy wraps served fast with friendly service, it draws loyal, repeat customers and steady lunchtime crowds. Featured on the Travel Channel, this turnkey operation offers an exceptional opportunity to own a celebrated, high-traffic brand with strong community roots and a loyal following on social media that shows up whenever they post a new event.

Real Estate

Lease

Inventory / Stock Value

$1,000 - included in the asking price

Financials

Asking Price
$549K
RevenueMost Recent Year
$635K
Earnings (SDE)Last Reported
$381K
Assets ValueIncluded in Asking Price
$199K
Seller Financing
Not available

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