Food Services - Business Valuation Services
Preferred learners
Categories
Skills
Project scope
- What is the main goal for this project?
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The Food Trucks Association of Canada (FTAC) seeks a student or student group collaboration to support its efforts to strengthen the Food Truck and greater street food industry.
FTAC believes that it is important for a business at any stage to know and track its value over time. The Association is considering a number of tools & platforms relating to business valuations. FTAC would like to fully test the assumptions of these platforms, business valuation programs / applications, to assess their suitability for conducting or developing a business valuation process for food trucks and other mobile food businesses in Canada. The project aims to understand how these apps calculates valuations, what models they use, and whether they accurately reflect the unique aspects of the food truck industry.
- What tasks will learners need to complete to achieve the project goal?
-
This is a list of the project’s objectives - and the work that is expected of the students in order to achieve the deliverables.
- Students will conduct a walk through of a chosen application and will make a detailed outline of the method by which it provides business valuation results.
- Students will be provided with several sample “business cases” to run through the software as test models to determine the application’s viability.
- Students will compare the accuracy of Equitest's valuations for food truck businesses compared to established valuation methods.
- Students will be asked to assess the app's relevance to the Canadian food truck industry by identifying if it considers industry-specific factors crucial for valuation (e.g., location dependence, permit costs, equipment).
- Students will be asked to Identify any potential gaps in Equitest's process that might lead to inaccurate valuations for food truck businesses.
- Students will be asked to make a final recommendation on the use of the software.
- What is the main goal for this project?
-
The Food Trucks Association of Canada (FTAC) seeks a student or student group collaboration to support its efforts to strengthen the Food Truck and greater street food industry.
FTAC believes that it is important for a business at any stage to know and track its value over time. The Association is considering a number of tools & platforms relating to business valuations. FTAC would like to fully test the assumptions of these platforms, business valuation programs / applications, to assess their suitability for conducting or developing a business valuation process for food trucks and other mobile food businesses in Canada. The project aims to understand how these apps calculates valuations, what models they use, and whether they accurately reflect the unique aspects of the food truck industry.
- What tasks will learners need to complete to achieve the project goal?
-
This is a list of the project’s objectives - and the work that is expected of the students in order to achieve the deliverables.
- Students will conduct a walk through of a chosen application and will make a detailed outline of the method by which it provides business valuation results.
- Students will be provided with several sample “business cases” to run through the software as test models to determine the application’s viability.
- Students will compare the accuracy of Equitest's valuations for food truck businesses compared to established valuation methods.
- Students will be asked to assess the app's relevance to the Canadian food truck industry by identifying if it considers industry-specific factors crucial for valuation (e.g., location dependence, permit costs, equipment).
- Students will be asked to Identify any potential gaps in Equitest's process that might lead to inaccurate valuations for food truck businesses.
- Students will be asked to make a final recommendation on the use of the software.
Supported causes
About the company
The Food Trucks Association of Canada (FTAC) is a national, nonprofit organization which was first registered in Canada in the late summer of 2020, in the earlier period of onset of the pandemic.
https://www150.statcan.gc.ca/n1/pub/45-28-0001/2021001/article/00010-eng.htm
An agile approach has been taken and we are now looking to redefine how we can best start and grow to support the industry. It is critically important to us to provide real and lasting value to our members.
Projects that are taken on by students and courses in the Riipen platform will be instrumental in our ability to build capacity to deliver that value.
To date, the work of the Food Trucks Association of Canada has been led by a volunteer Executive Director who is a passionate advocate in this space, and has leveraged a 75% student body of employees made available through various employment subsidies. It is a key part of our mandate to support student learning.
The NAICS code for the Food Trucks is 7223 and other code subsets.