The street food and mobile catering industry is booming, which could make it a great time to sell your mobile catering business and get more out of the sale.
Mobile catering has experienced an explosion in popularity in the last few years, mostly down to festivals and exciting city centre events. There is also an increasing demand for independent traders and unique food experiences, as cities become more saturated with formal restaurants.
The likes of street food have appeared at food festivals, markets, disused warehouses, and places that started as street food are now finding themselves in more permanent homes.
With that in mind, if you have a mobile catering business but you’re looking to move on, it could be a great time to sell. Selling your mobile catering business while the industry is at its peak could mean a significantly good deal.
1. Mobile Catering Is a Sought-After Industry
Many traders will have loved working in their mobile catering business, but there comes a time when the novelty has worn off. It might be that you have been doing it for years and you’re simply worn out. On the other hand, you might have found a new venture that you want to sink your teeth into, which could require selling your current business for funds.
Whatever the reason, selling your mobile catering business could be easier than you think. After all, it’s an industry that is soaring at the minute, with self-labelled ‘foodies’ going wild for the newest street food vendor or mobile catering appearance. This makes it a very desirable investment for someone looking for an on-trend business to buy.
If you are thinking of selling your mobile catering business, you can bet there is a huge audience of people out there who would consider buying. At Bizdaq, we can help you find those people and negotiate a great deal in your favour.
2. Providing Continued Regeneration
Street food and mobile caterers have popped up in areas that people previously would never have visited. This has created a massive regeneration of areas within cities across the UK and even shone a light on previously unknown or hidden areas too.
Not only is this a great achievement for any budding business owner, but as a seller, you can also breathe a sigh of relief that your vision will be continued. Whether it’s a run-down warehouse that would have otherwise gone into disrepair or a quiet quarter of a town that rarely gets attention, a mobile catering business can bring a breath of fresh air.
3. Fresh Ideas for Fresh Food
Selling your mobile catering business means handing over the baton to the next generation of entrepreneurs. This can create the opportunity for a fresh pair of eyes to create new ideas and take the business to the next step. With that in mind, if you feel like you’re starting to run out of ideas, it might be the perfect time to sell your business.
Mobile catering and street food have provided jobs at a time when the economy has struggled, encouraging people from all social and economic backgrounds to get involved. Mobile catering businesses often come with low risk and thus encourage the likes of apprenticeship and entrepreneurship within communities.
The sale of your mobile catering business can serve as the next project for a budding entrepreneur, who is just waiting for their opportunity.