IHOP Franchise Eatery
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1740000
Net Profit / Cash Flow $230000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1987
Number of Employees 10 - 19
Inventory $275,000 equipment only.
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will provide a complete review period. Subject to franchise approval and training.
Reason for Sale Retirement.
Description A National Franchise Restaurant business for sale, located in a prime area of New Jersey. IHOP is a 50 year old franchise and one of America's favorite & successful Restaurant chains; providing moderately priced, high quality food and beverages in a comfortable family atmosphere. This particular franchise facility is in a highly transited, commercial area with lots of daily workers and many shoppers who require this service. The facility has been recently upgraded with a full modern kitchen and work area. IHOP franchise offers full training and ongoing assistance to its franchisees. The seller has owned this business for twenty five years and enjoys a substantial income well over $1.7 Million yearly. The seller now wishes to retire and will consider financing to a qualified purchaser. The seller will also supply a long term lease with a moderate rent payment for the new owner. This is an excellent Franchise and a profitable opportunity! Large, modern facility consisting of 5,000 square feet and located in a high traffic, commercial area. The facility was recently upgraded and includes a full kitchen and work area. The seller will supply the new owner with a twenty year lease agreement with a moderate rent payment.
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