Owner Financing is Available!
Business Overview:
High Volume Perkins Franchise Restaurant located in Northern New Jersey with a gross income of $2,000,000 yearly and the seller will offer financing to a qualified buyer. This franchise was founded in 1958, Perkins Family Restaurant & Bakery is the leading operator and franchisor of nearly 500 sit-down restaurants located primarily in the Midwest, Pennsylvania and Florida. Perkins has built a loyal customer base by offering a wide menu selection of high quality, moderately priced breakfast, lunch, dinner, snack and dessert items. The Company also has a baked goods manufacturing division which manufactures pies, pancake mix, cookie dough, and muffin batters for Perkins in-store bakeries and third party customers. Each facility design incorporates a central kitchen and bakery section with separate dining wings for increased efficiency. The franchise charges a 6% royalty fee with all sales and a onetime transfer fee of $20,000 to the purchaser. The restaurant has a full commercial kitchen, preparation area, bakery section, walk in refrigeration & freezers, POS system, various displays, tables, chairs and is designed and equipped for high volume food production. The building has a legal seating capacity for a minimum of 165 customers. Substantial private parking for 85 vehicles is part of the lease agreement. The business operation is active seven day per week from 7:00 am to 9:30 pm. The business is franchise approved & a food handler s license from the town. The restaurant is on a state highway with a high volume of daily traffic and is highly accessible to its customers. The facility is clean and modern and seating for 165 customers. The owner has elected to retire after many successful years in this industry.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business is in an active highway and in an attractive commercial mall with various other businesses. The facility is 10 years old and consists of 5,100 sq. ft. with a clean and modern appearance. The facility was built for a high volume capacity with further growth potential.
Market Competition and Expansion:
Due to franchise recognition and style of this restaurant, no other similar competitors exist in this particular area. With continued good service and upgraded local marketing, this business can be further developed with a high income to the operator.
Reason for Selling:
Retiring after many successful years.
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.