Fast Food Philly Cheese Steak

Watchung, NJ
Union County

Highly active commercial Mall

Asking Price: Annual Revenue:
$299,000 $572,806

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Fast Food Philly Cheese Steak Broker: Customer Service
Owner Financing is Available!
Also, SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Quick Facts

Asking Price: $299,000
Annual Revenue: $572,806
Net Profit: $164,318
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 2018
Employees: 4
BBN Listing #: 20103909
Broker Reference #: FF430

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Business Overview:

Wonderful business opportunity for this non franchise fast food business in a major commercial mall of Union County New Jersey. The owner is presently absentee with full time employment and has elected to relocate out of state due to employment transfer. This simple fast-food operation had a 2021 gross income based on corporate tax returns of $658,971 and a net yearly income of $184,420 to the owner operator. The company is open five days, closed Monday and Tuesday. This simple Cheesesteak casual restaurant offers fresh & healthy American cuisine, customers can choose from a full selection of starters, salads, sandwiches, hamburgers and much more. They also offer a full menu of product for online service, either pick up or delivered. They are known for quality ingredients to ensure their customers get quality food and great service. This sale represents a dependable safe business opportunity and based on the price, down payment and yearly net income; this transaction expects to supply a consistent return on investment to the owner operator. The business fixed assets have an estimated value of approximately $125,000 which is based on replacement cost, representing equipment, licensing, etc. The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial retail food operation, which includes, required municipal & state licenses, web site, social media venues, full commercial kitchen, shelving, POS system, tables, computer, software including all the necessary equipment to maintain the daily business operation and a list of assets will be supplied to purchaser upon request.

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Property Features and Assets:

This business opportunity is in north central New Jersey, Union County on US state Highway Route 22 and a highly active county road. This business facility consists of approximately 1,750 square feet with a modern, attractive, and professional appearance. The business is in a commercial mall with numerous other retail companies conveniently located for its various customers.

Market Competition and Expansion:

Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Reason for Selling:

Absentee owner.

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 not a franchise resale opportunity.

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