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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Popular Franchise Restaurant
(Food & Beverage , Fast Food)
Morris County, NJ
Listed Price: $ 115,000
Listing ID: FF357

Listing DetailsGross Revenue: $ 623,277
Cash Flow: $ 40,000
FFE: $ 250,000 (Included in Price)
Inventory: $ 2,500 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

Owner is absentee and out of state.


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. 10am-10pm
Non-owner Payroll: $ 8,300
Employees: 7
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 25000
Monthly Rent: $ 9,000
Square Footage: 2300
Facilities:

This successful restaurant, which consists of approximately 2,300, square feet has a modern and attractive appearance. The business consists of a free-standing structure with various other active and successful commercial businesses. This opportunity is in Northern New Jersey, Morris County, which consists of various affluent and highly populated communities with continued demand for this industry. The location is on a state highway with tens of thousands of potential customers.


SummaryBusiness Description:

Arby's franchise restaurant opportunity located in Northern New Jersey on a high traffic State highway with thousands of drive by vehicles. This is a quick-service restaurant serving quality meats on handcrafted sandwiches. They have a modern drive through service which represents a substantial percentage of gross sales. This newer fast food restaurant has a yearly gross income of $623,277 and a consistent net income to the owner operator. They call the transformation from a cut meat to a delicious sandwich "Meatcraft", and their dedication to Meatcraft informs every decision they make. From the sandwiches they serve to their curly fries, shakes and sides, everything they do is in service to the meats. Good food takes time to prepare, and they are happy to put in the time to make your meal great. For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate in addition to the standard required municipal licenses, however franchise approval is required. Regarding employees and payroll, this fast food franchise restaurant company routinely has seven full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $8,300. The business transaction has an assignable commercial lease which expires 2029-01-01, plus additional options available, with a total monthly rent of $9,000, cost per square foot is estimated at $46.95 and rent security of approximately $25,000. The business fixed assets has an estimated value of approximately $250,000 which is specifically based on the original equipment and licensing replacement cost. The business is operational seven days per week, with hours from 10:00 am to 10:00 pm. The business has been valued / priced at $115,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Franchise transfer fee is buyer responsibility. 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 the photo does Not represent this particular business opportunity.


Competition:

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


Potential Growth:

The business can be further expanded with an onsite owner operator, an improved local marketing plan, and local advertising, which can further develop the business yearly gross sales.


Financing/Terms:

May be considered with an appropriate down payment.