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Business For Sale

PHILLY CHEESE STEAK FRANCHISE RESTAURANT

Attn: Ron Cervelli
Wayne area, NJ, USA
Listing Number: "156"
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Asking Price: $179,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Restaurants, Fast Food, Deli  
Reason for Selling: Relocating
Year Established: 2003
# of Employees: 6
Yearly Cash Flow: $95,000
Yearly Gross Income: $280,000
 

Business for Sale Overview:

Franchise Fast Food restaurant famous for its mouthwatering Cheese Steak Sandwiches is located in a busy mall of Passaic County, New Jersey. This business offers quality sandwiches and prepares all their food selections with fresh ingredients. The facility has a very modern decor and is excellently maintained. The owner is relocating and will assist a qualified buyer with the transition. Franchise training and support is also available. This is truly an excellent opportunity to own an established Fast Food franchise.


Property Features and Assets:

Restaurant facility consists of 1,200 square feet with an indoor seating capacity for thirty customers. An existing five year lease with an additional five year option for continuation is available for the new owner. Ample mall parking is available.


Market Competition and Expansion:

This is the only Cheese Steak business in the area. With an updated marketing plan and by implementing a delivery service the business can further improve.


Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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