Business For Sale

Fast Food Franchise

Not Disclosed, NJ
Monmouth County


Asking Price: Annual Revenue:
$99,900 $408,324

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Fast Food Franchise Broker: Ron Cervelli
Owner Financing is Available!
May be available to a qualified buyer.

Quick Facts

Asking Price: $99,900
Annual Revenue: $408,324
Net Profit: Not Disclosed
Cash Flow: $28,056
Total Debt: Not Disclosed
FF&E: $78,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 7
BBN Listing #: 69763909
Broker Reference #: FF360

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Business Overview:

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.

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Property Features and Assets:

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.

Market Competition and Expansion:

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.

Reason for Selling:

Owner is absentee.

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.

Documents:

Relevant Links:

Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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