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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Burrito & Chicken Fast Food Restaurant
(Food & Beverage , Fast Food)
Bergen County , NJ
Listed Price: $ 145,000
Listing ID: FF356

Listing DetailsGross Revenue: $ 468,000
Cash Flow: $ 87,000
FFE: $ 75,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Reason for Sale:

The sale is due to the owner is relocating to an alternative larger business


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2015
Days & Hours of Operation: Mon.-Sun. 11am-10pm
Non-owner Payroll: $ 13,250
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5500
Monthly Rent: $ 2,500
Square Footage: 1500
Facilities:

The facility, which consist of approximately 1,500 square feet has a pleasant and modern appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Profitable fast food restaurant located in a wonderful area of Northern New Jersey, Bergen County. This successful restaurant specializes in all types of burritos and chicken dishes. The restaurant is very convenient, especially when it’s time to grab something for lunch, it’s got to be quick, but you don't want to feel guilty eating the wrong food. Food must give you the pick-me-up you need to get you through the rest of your day and that is the menu for this fast food restaurant. They use only fresh, never frozen ingredients and their slow cooked meats explode with flavor and their warm corn tortillas are gluten free. They blend beautifully crafted salsas, made in house with only fresh produce. They make Healthy cooking that’s also a guilty pleasure, so that you can eat it every day and still feel good about yourself. This company has six full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $13,250. The business has an assignable commercial lease which expires 2025-01-01, plus additional options, with a monthly rent of $2,500, cost per square foot is estimated at $20.00, and rent security of approximately $5,500. The business fixed assets has an estimated value of approximately $75,000 which is based on equipment and licensing replacement cost. The restaurant business operation is active seven days per week, with hours from 11:00 am to 10:00 pm.The business has been valued / priced at $145,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, poor web site and if improved can further develop the business yearly gross sales.


Financing/Terms:

Can be considered to a qualified buyer.