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Richmond City County, Virginia
Food Cart Business $265K SDE Expansion Rights to Five Locations
Asking Price
$549,000
Revenue
Call/Email
Down
$549,000
Cash Flow
Call/Email
Name: Blair Grossman
Name
Blair Grossman
Description
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.
There are four additional permits purchased within the city, one being a mobile peddler's license. The city is not issuing anymore permits for mobile food carts. Conservative estimates show sales of $1.4 Million with all five locations operating. Add to this catering and special events that the current owners decline, and you could easily hit $1.7M in annual revenue.
https://tworld.com/locations/Virginia/commonwealth/listings/-Food-Cart-Business-265K-SDE-Expansion-Rights-to-Five-Locations
Business Details
Year Established:
1996
Employees:
5
FE&E:
$199,000
Reason for sale:
Other business interest
Lease & Tenant Information
Lease Options:
$2,500
Other Information
Listing Number:
9525-517790
Sales:
$455,296
Seller's Discretionary Earnings:
$269,652
Inventory:
$1,000
Posting Information
Posting ID:
ID tw:84898 / Listing Number 9525-517790
Business Category:
Restaurants
Keywords:
Transworld
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
Food Cart Business $265K SDE Expansion Rights to Five Locations
Posting ID
#*4f25b71bf80b1ae3c9631c81a097d24c*84898
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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