Popular fast food franchise restaurant representing a highly successful menu with a substantial markup / profit, consisting of the best quality hotdogs, hamburgers, fries and much more. This well-known restaurant is located on a high-volume highway with thousands of drive by vehicle’s, in Monmouth County, New Jersey. The business has a gross income of $408,324 and a consistent net yearly income to the owner operator. Franchising is a highly successful business concept that allows qualified investors and owner operators to become part of an established, existing “system.” A good way to look at franchising is, you’re in business for yourself, but not by yourself. Strategically, this provides many benefits under a brand name that has consumer awareness and equity. This franchise has taken this basic premise and redefined it to exceed the most stringent business criteria of today’s investor. This fast food restaurant consist of seven part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, also the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $7,800. The business transaction has an assignable commercial lease which expires 2024-01-01, plus additional options available, with a monthly rent of $5,232, cost per square foot is estimated at $33.93 and rent security of approximately $7,500. This t business is active seven days per week, with hours from 10:30 am to 9:00 pm. The business has been valued / priced at $99,000 which is based on a multiple of the net yearly income and the value of the specific business assets. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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. 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.
This successful retail facility which consist of approximately 1,850 square feet with a modern and professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Monmouth County, which consists of various affluent and highly populated communities with continued demand for this industry.
Regarding competition, the franchise requires a specific distance and non-compete between each of the business locations. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
The business can be further expanded by the new operator with onsite ownership, an improved local marketing plan which would further develop the business yearly gross sales and profit to the owner.
Support & Training:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, the franchise requires training and approval prior to purchasing.
May be available to a qualified buyer.