HOAGIE REST NETS $167K FF395

Price: $275,000

Location: Burlington County New Jersey, New Jersey US

Industry: Fast Food

Listing ID: FF395

Phenomenally successful hoagie franchise with a gross income of $919,000 and a net yearly income of $167,881 based on a part time on onsite owner operator. This fast-food restaurant has a wonderful reputation in the industry for its quality foods and excellent service. The franchise has a solid reputation with professional service and continued support. Their recipes are namesakes to the business, passed down from generation to generation and all of the produce is sourced locally and freshly chopped every day. 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.  For Qualifications purposes, this business opportunity and industry does not require government licensing approval to purchase or operate other than the standard required municipal licenses and franchise approval.

Listing Details

Revenue: $915,000

Cash Flow: $167,000

FFE: $130,000

Inventory: $5,000

Lender Pre-Qualified?: Yes

Franchise?: Yes

Form of Ownership:

C Corp

Franchise Information:

National Food Franchise

Terms and Conditions?:

Approved for bank financing, ten year payout.

Reason For Sale:

The purpose of this business transaction is due to the owner retirement which is also due to his personal health concerns.

Training & Support:

Training and owner support, the owner will remain after-closing and is prepared to supply an appropriate transitional period to the new operator. Also, the franchise organization will require onsite training for all new applicants.

Operation

Year Established: 2005

Year of Last Acquisition: 2017

Days & Hours of Operation: Days Hours of operation, this fast-food restaurant is open seven days per week, with hours from 10:30 am to 7:00 pm.

Owner Hours Per Week: 9 am to 12 noon daily.

Non-Owner Payroll: $125,000

Employees: Regarding employees and payroll, this casual fast-food franchise company consist of six full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, weekly salary, the staff is unaware of the pending sale and is fully expected to remain post-closing, payroll expense is approximately $10,950 monthly.

Location

Security on Lease: Two Months rent

Lease Option: Lease and terms, this business opportunity will offer an assignable commercial lease which expires 2025-01-01, plus additional options available, with a monthly rent of $3,575, cost per square foot is estimated at $23.34 and rent security of approximately two months.

Monthly Rent: $3,575

Type of Location: Commercial mall.

Square Footage: 1,800

Facilities Information:

This high-volume retail facility which consist of approximately 1,800, square feet and has a modern professional appearance. The business is in a mid-size commercial mall with various other active businesses. This opportunity is in central New Jersey, Burlington County, and is minutes from a New Jersey Hospital and College.

Ron Cervelli

contactus@regalconsultants.com

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