Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Fast Food Mexican Restaurant
(Food & Beverage , Fast Food)
Middlesex County , NJ
Listed Price: $ 125,000
Listing ID: FF371

Listing DetailsGross Revenue: $ 379,700
FFE: $ 220,000 (Included in Price)
Reason for Sale:

The purpose of this sale is due to the owner’s health issues.


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
Employees: 11
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 20000
Monthly Rent: $ 8,446
Square Footage: 2000
Type of Location: Strip Mall
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 outdoor 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 fast food Mexican style restaurant in an affluent desirable area of Middlesex County, New Jersey. The business presently has a 2018 gross income of $379,700 plus additional income, which continues to increase. 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. This fast food restaurant routinely has 3 full time and 8 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, plus additional options available, with a monthly rent of $8,446 all in, and rent security of approximately $20,000. The business has been valued / priced very aggressively at $125,000 with possible seller financing available to a qualified buyer with an appropriate down payment, collateral and credit rating. 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 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:

May be considered to a qualified buyer.