HOAGIE SHOP NETS $167K

Price: $275,000

Location: Camden County, New Jersey United States

Industry: Fast Food

Listing ID: FF394

Phenomenally successful hoagie franchise with a gross income of $919,269 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. The 2019 yearly gross income as represented by the owners corporate tax returns is $919,269 and the business has a yearly net income of approximately $167,881 based on a part time onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2021 company’s gross income is expected to be similar to the previous year. Due to various reasons a formal due diligence is recommended.

Listing Details

Revenue: $919,269

Cash Flow: $167,881

FFE: $95,000 (Included in Price)

Inventory: $2,500

Lender Pre-Qualified?: Yes

Franchise?: Yes

Form of Ownership:

C Corp

Franchise Information:

National Food Franchise

Terms and Conditions?:

The 2019 yearly gross income as represented by the owners corporate tax returns is $919,269 and the business has a yearly net income of approximately $167,881 based on a part time onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2021 company’s gross income is expected to be similar to the previous year. Due to various reasons a formal due diligence is recommended. The business has been valued / priced at 2.5 times the net yearly income and includes all of the business assets. Also, bank financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating. Purchasers franchise transfer fee is $10,000 which represents training and all legal transfers.

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: 2010

Year of Last Acquisition: 2015

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

Owner Hours Per Week: 25 hours weekly

Non-Owner Payroll: $131,500

Employees: this casual fast-food franchise company consist of six full / part time employees who are unaware of the pending sale.

Location

Security on Lease: Two months

Lease Option: 2025 plus additional options.

Monthly Rent: $3500

Type of Location: Commercial mall.

Square Footage: 1800 square feet

Relocatable?: Yes

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 Northern New Jersey, Camden County, and is minutes from a major New Jersey College.

Ron Cervelli

contactus@regalconsultants.com

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