Price: $139,900
Location: Essex County, New Jersey
Industry: Fast Food
Listing ID: ff434
Profitable fast-food restaurant located in a wonderful area of Montclair, Northern New Jersey, in the County of Essex. This successful fast food casual restaurant specializes in the highest quality of Salads, soups, and Sandwiches. The restaurant is convenient especially when it is time to grab something for lunch, it is got to be quick, but you do not want to feel guilty eating the wrong food. Food must give you the pick-me-up you need to get you through the rest of your day and that is the menu for this fast-food restaurant. They use only fresh, never frozen ingredients. They blend beautifully crafted salads, made in house with only fresh produce. They make Healthy cooking so that you can eat it every day and still feel good about yourself. 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.
Listing Details
Revenue: $240,000
Cash Flow: $70,000
FFE: $75,000 (Included in Price)
Inventory: $1,000 (Included in Price)
Reason For Sale:
Relocating to Florida
Training & Support:
The owner will remain after-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Operation
Year Established: 1975
Days & Hours of Operation: The restaurant business operation is active seven days per week, with hours from 11:00 am to 6:00 pm.
Owner Hours Per Week: Full Time
Employees: This restaurant requires one full time employee, and the monthly payroll expense is approximately $5,000.
Location
Security on Lease: Two Months
Lease Option: Yes additional options.
Monthly Rent: 2,400
Type of Location: Commercial Avenue
Square Footage: 1,100
Relocatable?: Yes
Facilities Information:
The retail facility which consist of approximately 1,100 square feet has a quint and clean appearance. The business is on an active commercial avenue with various other retail businesses. This opportunity is in Northern New Jersey, Essex County, with a highly populated community and consist of demand for this food product.
Summary
Historical Summary:
This restaurant is ten years old also, or Qualifications purposes, this industry does not require government licensing approval to purchase or operate other than the require municipal health licenses.
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 presently has a limited marketing plan, poor web site and if improved can further develop the business yearly gross sales.
Financing/Terms:
To be negotiated.