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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Franchise Pancake Restaurant
(Food & Beverage , Restaurants)
Essex County , NJ
Listed Price: $ 195,000
Listing ID: REST640

Listing DetailsGross Revenue: $ 500,000
Cash Flow: $ 80,000
FFE: $ 175,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

The purpose of this business transaction is due to the partnership separation.


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. 7am-9pm
Non-owner Payroll: $ 12,000
Employees: 10
Absentee Owner: No
LocationLease Expire: 0000-00-00
Facilities:

This facility which consist of approximately 5,000 square feet, six months new, has a modern and very attractive appearance. The business is in huge Shoprite commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Essex County, which consists of various company’s and highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Must sell, this recently opened new pancake franchise restaurant due to partnership separation and priced aggressively based on equipment and asset value. Most unusual business opportunity, the new operator can maintain the franchise or change to a new name or concept. For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate other than the standard municipal licenses and franchise approval. Regarding employees and payroll, this restaurant routinely has ten full / part time employees who are unaware of the pending sale. The payroll is routinely based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $12,000. The business fixed assets has an estimated value of approximately $175,000 which is specifically based on equipment and licensing replacement cost. This successful restaurant business operation is active seven days per week, with hours from 7:00 am to 9:00 pm. 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 has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business is new and requires time to develop and can be further expanded by an onsite owner operator, marketing plan, local advertising, web site which will further develop the business yearly gross sales.


Financing/Terms:

Can be considered to a qualified buyer with an appropriate down payment.