Download PDF
Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
Broker Contact Form
Name

Email

Phone

Comment


Mexican Franchise Restaurant
(Food & Beverage , Fast Food)
Middlesex County , NJ
Listed Price: $ 299,000
Listing ID: FF359

Listing DetailsGross Revenue: $ 700,000
FFE: $ 220,000 (Included in Price)
Inventory: $ 2,500 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

Owner is absentee with full-time job.


Training & Support:

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


OperationsYear Established: 2016
Days & Hours of Operation: Mon.-Sun. 11am-9pm
Non-owner Payroll: $ 11,000
Employees: 11
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 22170
Monthly Rent: $ 8,446
Square Footage: 2000
Facilities:

The restaurant is on an active state highway with thousands of daily drive by vehicles. This modern retail facility which consist of approximately 2,000 square feet with a clean attractive appearance. The business is in a mid-size out door commercial mall with various other active and successful retail businesses. This opportunity is in Northern New Jersey, Middlesex County, which consists of various affluent and highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Wonderful opportunity for this highly successful franchise Mexican Restaurant in an affluent desirable area of Middlesex County, New Jersey. The business presently has a 2017 gross income of $700,000 plus additional income, which continues to increase and an estimated net yearly income of $80,000 plus discretionary income. They start each day making fresh, house-made salsas with hand-mashed guacamole and they also make tortilla chips fresh all day, every day. They flame grill their choice steak and chicken and offer options like shrimp and more toppings to personalize meals to their customers taste. They are known for the “Best Mexican Food.” This fast food restaurant routinely has 11-16 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 $11,000. The business transaction has an assignable commercial lease which expires 2027-01-01, plus additional options available, with a monthly rent of $8,446 all in, cost per square foot is estimated at $39.46 and rent security of approximately $22,170. The business has shorter hours on weekends, however this successful retail food business operation is active seven days per week, with hours from 11:00 am to 9:00 pm. 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. 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.


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 can be further expanded by a full-time on-site owner operator, an improved local advertising system and web site which can further develop the business yearly gross sales.


Financing/Terms:

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