Modesto, CA
$110,000
Modesto, CA
$110,000
Anne Arundel County, MD
$99,000
Columbus, OH
$51,000
Gresham, OR
$55,000
Boise, ID
$100,000
North Port, FL
$59,000
Hillsborough County, FL
$35,000
Atlanta, GA
$65,000
Salinas, CA
$65,000
California
$195,000
Miami, FL
$45,000
Miami, FL
$45,000
Los Angeles County, CA
$167,500
Washtenaw County, MI
$8,000
$75,000
Washtenaw County, MI
$150,000
Randy Sokol
Sokol Realty License #20174004026
Serving Franklin County, OH
Randy Sokol - Restaurant Industry Advocate. Randy Sokol owns Sokol Realty and Sokol & Associates specializing in selling restaurants, bars, pizza shops, and all hospitality related businesses. Randy grew up working in his family’s chain restaurants, for over 40 years, eventually becoming the Owner and President. He has been buying and selling restaurants for over 15 years and during that time he has brokered over 150 hospitality business deals and over 50 liquor permit deals. In that time, he has been able to build up a wealth of knowledge and experience in what makes a good location and how to negotiate the best possible lease on behalf of his clients. He knows what is important on a lease to protect your business, because he’s been there. His goal is always to make sure that his clients are getting exactly what they need, whether buying or selling, from their space so they can focus on running their business. Randy is also a member of several civic organizations, and has served on numerous boards and committees in the Columbus area, including the Ohio Restaurant Association, Children's Hospital Development Board, National Federation of Independent Businesses (NFIB), and Food Truck Advisory Board for the city of Columbus. He has worked with City Council members to create laws that support businesses like yours. Being involved with these organizations, and city politics allow him to keep abreast of current trends in real estate, which helps him stay informed about changing needs for new businesses looking for locations in Columbus and beyond, as well as use his resources on his client’s behalf. If you're looking for someone who will be straight forward in their dealings with you, be responsive in a timely manner, and always have your best interests at heart, then call Randy Sokol today.
North Royalton, OH
$140,000
Hayward, CA
Greenville, SC
Bradenton, FL
$30,000
$38,000
Due to the highly competitive landscape, buying a business in the food services industry may come with more risk than other industries. Just consider how many options are available for eating out. Buying a food truck can be a great way to get into the business with less capital at stake than brick and mortar businesses.
The median sales price of a food truck is $99,500*. This is roughly half the median sales price of a restaurant business, and one-third the median price of a bar or pub.
If you are new to buying a business, you will quickly discover that the value of a small business - and consequently, its asking price - usually centers around industry multiples of revenue and cashflow.
Revenue Multiples. The average revenue multiple of food truck businesses is 0.91, which is on par with retail business in general, and just two points below the restaurant industry average of 0.93.
Cash Flow Multiples. The average cash flow multiple for food truck businesses is 1.41. For buyers, this may present additional ROI value compared to the broader restaurant industry multiple of 1.96.
*The above figures are based on the most recent full year of data (2021). Be sure to see the BizBuySell insight report and related data tables for more information on market trends and pricing information.