Fast Food Franchise
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $460000
Net Profit / Cash Flow $87000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2009
Number of Employees 4 - 5
Inventory $95,000 equipment & $2,000 inventory.
Number of Employees 4 - 5
Real Estate Leased
Training The seller will remain after closing in order to supply a satisfactory transitional period. Also the franchise will supply the appropriate training pre closing.
Reason for Sale Retiring after many years of success in this industry.
Fast Food franchise restaurant located in central New Jersey in the County of Monmouth and in an active commercial mall with numerous other successful businesses. This restaurant business has a gross income of $460,000 and a net yearly income of approximately $87,000.
This wonderful business opportunity offers an excellent menu consisting of hamburgers, hot dogs, fries, salads including a vegetarian menu. The business sale includes a commercial lease at fair market value.
This sale also includes a franchise transaction which requires corporate training / approval and the seller is prepared to remain post closing in order to train a new owner operator.
The sale includes a fully equipped fast food restaurant, POS computer system, racks, tables, chairs, ovens, refrigeration & freezer units, displays, including various equipment required for this particular industry. The building facility has a capacity for 22 customers, 1,650 sq ft, on one main floor with no basement. This retail business requires four employees who is unaware of the pending sale and expected to remain post closing, monthly payroll is $4,255. This business location has private mall parking on the site and part of the lease. The business is operational seven days weekly with hours from 10:30 am to 9:00 pm.
Other than franchise approval, this particular industry does not require any particular license other than a certificate of occupancy and a health food inspection to conduct its day to day operation.
The sale will include a 10 year commercial lease plus options with a monthly rent of $4,000 cam $1200, rent security $8,000. The seller has priced the business very aggressively and will offer owner financing to a qualified buyer. Based on the asking price, required down payment and net income this business should supply a 35% return to the owner operator prior to debt service. This is an excellent safe business opportunity.
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