Seller's Contact Information
- RE: Fast Food Philly Cheese Steak
- Contact: Customer Service
Quick Facts
| Asking Price: | $299,000 | |
| Annual Revenue: | $572,806 | |
| Net Profit: | $164 | |
| 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 #: | FF439 |
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 2022 yearly gross income as represented by the owner is estimated at $572,806 and the business has a yearly net income of approximately $164,318 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2023 income is expected to be greater than the previous year. A formal due diligence is recommended by broker.
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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 homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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