Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Fast Food Franchise
(Food & Beverage , Fast Food)
Ocean County , NJ
Listed Price: $ 99,000
Listing ID: FF369

Listing DetailsGross Revenue: $ 521,820
FFE: $ 120,000 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

Owner is retiring from the industry.


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
Employees: 7
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 10000
Monthly Rent: $ 5,237
Square Footage: 1200
Facilities:

This successful retail facility which consist of approximately 1,550 square feet have a modern 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, Sussex County, which consists of various affluent and highly populated communities with continue


SummaryBusiness Description:

Wonderful investment for this long-standing fast food hot dog, hamburger and fries franchise business located in an active commercial mall in Central New Jersey, Ocean County. The business has a gross yearly income of $521,820 and an expanding net yearly income to the owner. This no-frills counter-serve chain outpost is popular for its hamburgers, hot dogs, cheese fries and more. The owner is absentee, has a full-time job responsibility out of the area and cannot maintain this growing business. This fast food franchise consist of 7 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 $10,000. The business transaction has an assignable commercial lease which expires 2023-01-01, plus additional options available, with a monthly rent of $5,237, and rent security of approximately $10,000. The business has been valued / priced at $99,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. This is a dependable safe business opportunity. 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:

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 the new operator, presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales.