Asking price
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Revenue
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Cash flow (SDE)
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Price to cash flow
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Year established
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Employees
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Caribbean street food, a booked events schedule and a truck kitted out in 2022.
NextOwner Verified
Report NO-2026-000064. Checked by a NextOwner analyst on . The check stands until .
Asking price
$85,000
Revenue
$310,973
Fiscal year 2025
Cash flow (SDE)
$65,304
Fiscal year 2025
Price to cash flow
1.3x
Asking price divided by 2025 cash flow
Year established
2020
6 years in business
Employees
4
1 full-time, 3 part-time
Cash flow here is seller's discretionary earnings (SDE): the year's profit plus one owner's pay, interest, depreciation and one-off costs, before any loan payments.
Revenue and cash flow by fiscal year. Solid years were matched to filed tax returns by a NextOwner analyst on Nov 9, 2026. Outlined years are as the owner entered them.
Revenue grew 21.0% and cash flow grew 36.9% from fiscal year 2023 to fiscal year 2025.
The same years as the chart. Cash flow is net income plus the lines marked plus. A dash means the owner did not give that line.
| Line | Fiscal year 2023Document checked | Fiscal year 2024Document checked | Fiscal year 2025Document checked | 2026 year to dateSeller stated |
|---|---|---|---|---|
| Revenue | $257,087 | $287,938 | $310,973 | $265,531 |
| Cost of goods sold | $101,444 | $111,281 | $114,349 | $107,402 |
| Operating expenses | $157,095 | $170,609 | $184,320 | $146,657 |
| Net income | -$1,452 | $6,048 | $12,304 | $11,472 |
| Plus owner's pay | $39,000 | $40,000 | $42,000 | $35,800 |
| Plus interest | $2,320 | $2,160 | $2,000 | $1,533 |
| Plus depreciation | $7,849 | $9,258 | $9,000 | $7,800 |
| Plus other add-backs | $0 | $0 | $0 | $0 |
| Cash flow (SDE) | $47,717 | $57,466 | $65,304 | $56,605 |
How the asking price compares with what similar businesses usually sell for. NextOwner does not value businesses or suggest prices.
1.3xcash flow
Typical for food truck: 1.2x to 2.0x
The asking price is within the typical range.
Typical range for similar businesses, from public market reports based on seller-reported sales. A reference, not an appraisal.
0.3xrevenue
Typical for food truck: 0.3x to 0.5x
The asking price is within the typical range.
A reference, not an appraisal.
Would a year of this business's cash flow carry a year of payments on a typical acquisition loan? Change the terms to match your situation.
Based on the asking price of $85,000 and 2025 cash flow of $65,304Document checked
Debt coverage (DSCR)
0.43x
Cash flow does not cover the loan payments
After the owner's salary, a year of cash flow is less than a year of loan payments on these terms.
A pre-check from documents we matched, using typical loan terms. A lender makes its own decision.
Purchase price
$85,000
In the owner's words.
A food truck serving Caribbean street food at breweries, office parks, festivals and private events across Lee County. The truck works five or six services a week, and private events and catering make up about a fifth of revenue.
The truck was fully kitted out in 2022 with a new generator, fryers, flat top and refrigeration. It operates from a licensed commissary kitchen, where prep is done each morning.
The owner cooks on most services with one full-time cook and three part-time helpers. The events calendar for the next three months is booked.
I am opening a small restaurant and cannot run both.
Weekday lunch spots at office parks could be added, and a second menu for corporate catering has been tested.
Two weeks of handover, including recipes, the events calendar and introductions to the venues.
The circle marks the general area around Fort Myers, not the address.
What NextOwner checked, against which documents, and when.
Report
NO-2026-000064
Revenue and cash flow for fiscal years 2023 to 2025 were matched to the filed tax returns, and the seller's identity was checked against government photo ID. A NextOwner verification analyst reviewed the file on Nov 9, 2026, and anything marked Seller stated was not checked.
1 of 1 passed
Seller's identity checked against government photo ID
Passed
Photo ID and selfie compared by a member of NextOwner's compliance team in November 2026.
1 of 1 passed
Seller's ownership compared with the filed tax return
Passed
The seller is named as an owner on the filed tax return, and the ownership share they gave agrees with it.
Checked against: Filed tax return
9 of 9 passed
Fiscal years matched to filed tax returns
Passed
Filed tax returns are on file for 2023, 2024 and 2025.
Checked against: 3 filed tax returns
Revenue 2025: seller's figure compared with the filed tax return
Passed
The seller's revenue figure agrees with the filed tax return (Form 1120-S).
Checked against: Filed tax return
Revenue 2025: profit and loss statement compared with the filed tax return
Passed
Revenue on the profit and loss statement agrees with the filed tax return.
Checked against: Filed tax return and profit and loss statement
Cash flow (SDE) 2025: seller's figure compared with the filed tax return
Passed
The seller's cash flow figure agrees with the figure rebuilt from the filed tax return (net income plus one owner's pay, interest, depreciation and amortization).
Checked against: Filed tax return
Revenue 2024: seller's figure compared with the filed tax return
Passed
The seller's revenue figure agrees with the filed tax return (Form 1120-S).
Checked against: Filed tax return
Revenue 2024: profit and loss statement compared with the filed tax return
Passed
Revenue on the profit and loss statement agrees with the filed tax return.
Checked against: Filed tax return and profit and loss statement
Cash flow (SDE) 2024: seller's figure compared with the filed tax return
Passed
The seller's cash flow figure agrees with the figure rebuilt from the filed tax return (net income plus one owner's pay, interest, depreciation and amortization).
Checked against: Filed tax return
Revenue 2023: seller's figure compared with the filed tax return
Passed
The seller's revenue figure agrees with the filed tax return (Form 1120-S).
Checked against: Filed tax return
Cash flow (SDE) 2023: seller's figure compared with the filed tax return
Passed
The seller's cash flow figure agrees with the figure rebuilt from the filed tax return (net income plus one owner's pay, interest, depreciation and amortization).
Checked against: Filed tax return
2 of 2 passed
Bank statements are continuous and add up, 12 months
Passed
12 consecutive monthly bank statements, November 2025 to October 2026. Each statement's totals add up, and each month opens at the balance the previous month closed at.
Checked against: 12 bank statements
Business name agrees across the documents
Passed
The business name printed on the tax returns, profit and loss statements, bank statements and formation document agrees with the legal name the seller gave.
Checked against: 3 filed tax returns, 3 profit and loss statements, 12 bank statements, formation document and tax ID letter
2 of 2 passed
Year established compared with the formation document
Passed
The year established agrees with the formation document on file.
Checked against: Formation document
Employee count compared with wages on the filed tax return
Passed
The employee count is consistent with the salaries and wages on the filed tax return. No payroll report was provided.
Checked against: Filed tax return
Software reads the documents and flags mismatches. A person makes every approval decision.
This report records what NextOwner checked, against which documents, on the date shown. It is not an audit, an appraisal or a guarantee. Do your own due diligence with your own advisers before you buy.
Report fingerprint
A SHA-256 of everything in this report. Anyone can use it to confirm the report has not changed since .
6407c263c6b4f721cff70622d84f9a7697e72158c8946d4dc4294c1ab6aa21c2
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$85,000
1.3x cash flow