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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Blimpie & Ranch One
(Food & Beverage , Fast Food)
Passaic County, NJ
Listed Price: $ 199,000
Listing ID: FF358

Listing DetailsGross Revenue: $ 364,000
Cash Flow: $ 66,000
FFE: $ 85,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

The owner is retiring after many years of maintaining a successful operation.


Training & Support:

The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.


OperationsYear Established: 2006
Days & Hours of Operation: Mon.-Sun. 10am-9m
Non-owner Payroll: $ 5,980
Employees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 6900
Monthly Rent: $ 4,266
Square Footage: 1460
Facilities:

The two franchises available at one facility consist of 1,460 square feet with a clean modern and attractive appearance. The business is in a large highly active commercial mall which consists of various national retail companies which attract hundreds of thousands of customers yearly. This business opportunity is located in Northern New Jersey, Passaic County, which consists of various highly populated communities and a huge number of businesses with continue demand for this food product.


SummaryBusiness Description:

Combo sale of two highly successful franchises at one location with a gross income of $400,000 and a dependable and consistent net yearly income to the owner operator. The businesses are in Northern New Jersey in the county of Passaic, on a highly active state highway and in a very successful commercial mall with many other national retail companies. Blimpie is a respected brand among the quick-service fast food restaurants, renowned for offering only the highest quality products for more than four decades, people everywhere recognize the quality associated with the Blimpie sub sandwich franchise and are more likely to be repeat customers because of it. Ranch One is a healthy, delicious alternative to fast food which features sandwiches made with premium quality chicken breast, flame-grilled to perfection, topped with gourmet greens, toasted almonds and their famous roasted red pepper sauce - all served on a freshly baked, semolina roll. The taste their customers want without all the fat. This industry requires franchise approval to purchase and a transfer fee cost. This particular business has four employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $5,980. The business has an assignable commercial lease which expires 2033-01-01 plus additional options, with a monthly rent of $4,266, cost per square foot $35.06 and rent security $6,900. The business is active seven days per week, with hours from 10:00 am to 9:00 pm.The business has been valued at $199,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a consistent investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.


Competition:

To the best of our knowledge, no other new competitors are expected near to this business and no vacancies exist. Also, the owner has agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

The owner presently maintains a limited marketing plan and works limited hours which can lower the payroll expenses and if improved can further develop the business bottom line net income.


Financing/Terms:

Is available to a qualified buyer.