Business for Sale Overview:
A National IHOP Franchise Restaurant located in a prime area of northern / central New Jersey. IHOP is a fifty year old franchise and one of America's favorite Restaurant chains; providing moderately priced, high quality food and beverages in a comfortable atmosphere. This franchise enjoys a very high markup due to its product menu which represents a substantial profit for the owner. This particular franchise location consists of a free standing facility with substantial private parking available on site. The business produces high volume sales well over $2 million annually. The seller now wishes to retire and will consider financing to a qualified purchaser. The opportunity offers entry into a well known franchise with a reputation for success.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Facility consists of 4,700 square feet with an indoor seating capacity for 187 customers. The facility is on a free standing and busy highway with lots of daily workers and shoppers to the area. The franchise offers twenty year leases to new franchisees. Private parking for 100 vehicles is available and included in the sale.
Market Competition and Expansion:
No other IHOP businesses exist in the immediate area because the franchise supplies protected territories.
With ongoing good service the business will continue to expand.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.