How do I verify which events and festivals a food truck regularly works?
Ask for a calendar of past events with sales for each, then confirm a sample directly with the organizers. Check photos, social posts and permit or booking confirmations against the list. Find out whether the spots are held by the truck, by the owner personally, or through a first-come process that a buyer must start over.
Start with the calendar. Ask the seller for each event, the date, the sales, the cost of the spot and any fees. Compare it to point-of-sale records and bank deposits, so you can see that the events produced what the owner says.
Then contact organizers, with the seller’s consent. Ask how long the truck has attended, how it was chosen and whether the spot is renewed or reapplied for each time. Ask whether the organizer would accept the new owner. Some organizers value a particular person or a menu style, and may not simply carry over a place.
Finally, look for weak spots: events that depended on a personal friendship, a one-time contract or a vendor limit that may change. Check social media and photos for evidence that the truck was really there. Ask your accountant to confirm the sales pattern by event so you know which ones matter most. Remember that a strong event can change. Organizers redesign lineups, add more trucks or change fees. Ask how the seller expects the coming season to compare, and what the schedule looks like if the best events drop out.
Key takeaways
- Cross-check the event calendar with sales records and bank deposits.
- Call organizers to learn whether a place passes to a new owner.
- Flag events built on personal relationships rather than the business.
- Ask what happens to results if the best events change or drop out.
Related reading
13 pages on the same subject, grouped by topic.
Buying
- Expert answerHow do I work out what I would earn from owning a food truck?
- Expert answerDo a caterer’s event staff work as contractors or employees when I buy?
- GuideBuying a banquet hall and event venue in Canada
- Expert answerWhat happens to a catering company’s booked events when it is sold?
- Expert answerWhat should I ask about an inn’s wedding and event bookings?
Selling
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
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