Broker Name:bbpadmin
Broker Email:daniel@nu-images.com
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Franchise Fast Food Restaurant
(Food & Beverage , Fast Food)
Monmouth County , NJ
Listed Price: $ 99,900
Listing ID: FF366

Listing DetailsGross Revenue: $ 408,324
Cash Flow: $ 28,000
FFE: $ 78,000 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

The sale is due to the owner's absenteeism.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, the franchise requires training and approval prior to purchasing.


OperationsYear Established: 2000
Days & Hours of Operation: Mon.-Sun. 10:30am-9pm
Non-owner Payroll: $ 7,800
Employees: 7
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 7500
Monthly Rent: $ 5,232
Square Footage: 1850
Facilities:


This successful fast food restaurant consists of approximately 1,850 square feet with a modern and professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Monmouth County, which consists of various affluent and highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Popular fast food franchise restaurant representing a highly successful menu with a substantial markup / profit, consisting of the best quality hotdogs, hamburgers, fries and much more. This well-known restaurant is located on a high-volume highway with thousands of drive by vehicle’s, in Monmouth County, New Jersey. The business has a gross income of $408,324 and a consistent net yearly income to the owner operator. Franchising is a highly successful business concept that allows qualified investors and owner operators to become part of an established, existing “system.” A good way to look at franchising is, you’re in business for yourself, but not by yourself. Strategically, this provides many benefits under a brand name that has consumer awareness and equity. This franchise has taken this basic premise and redefined it to exceed the most stringent business criteria of today’s investor. This restaurant consist of seven part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, also the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $7,800. The business transaction has an assignable commercial lease which expires 2024, plus additional options available, with a monthly rent of $5,232, cost per square foot is estimated at $33.93 and rent security of approximately $7,500. This business is active seven days per week, with hours from 10:30 am to 9:00 pm. The business has been valued / priced at $99,900 which is based on a multiple of the net yearly income and the value of the specific business assets. 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, the franchise requires a specific distance and non-compete between each of the business locations. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business can be further expanded by the new operator with onsite ownership, an improved local marketing plan which would further develop the business yearly gross sales and profit to the owner.