Price: $150,000
Location: Union, New Jersey
Industry: Fast Food
Listing ID: FF458
Popular Mexican fast-food restaurant located in a wonderful area of Union County New Jersey. Priced for a quick sale at $150,000 and a 2024 projected gross income of $800,000 yearly. Ready to spice up your next event? Look no further! Our taqueria brings the sizzle straight to your party with our fantastic catering services. Whether you’re hosting an intimate gathering or a grand celebration, we’ve got you covered! From tantalizing tacos to savory burritos and everything in between, our catering menu is sure to impress even the most discerning palates. Plus, we offer on-site catering, meaning we’ll bring the flavor right to your doorstep. No venue is too big or too small for our team to handle – just tell us where and when, and we’ll take care of the rest!
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
Form of Ownership:
C Corp
Operation
Year Established: 2000
Year of Last Acquisition: 2000
Days & Hours of Operation: Days Hours of operation; this business is active six days per week, closed Monday, with hours from 11:00 am to 9:00 pm.
Owner Hours Per Week: Absentee
Employees: Regarding employees and payroll, this retail company consists of eight employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing.
Managers: Yes
Absentee Owner?: Yes
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: 8932
Type of Location: Commercial
Square Footage: 1800
Relocatable?: Yes
Facilities Information:
This business opportunity is in north central New Jersey, Hunterdon County on a highly active county road. This business facility consists of approximately 1,800 square feet with a modern, attractive, and professional appearance. The facility has a capacity for twenty-five clients. The business is on a commercial avenue conveniently location for its various customers.
Summary
Historical Summary:
This is a one-year-old full-service fast-food restaurant.
Owner Qualifications:
For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.
Competition:
Regarding competition, to the best of our knowledge, 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:
Regarding growth and expansion, the retail company can be further developed by increasing the number of days of operation, improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
Also, owner financing is available for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating.
