Business For Sale

Franchise Pancake Restaurant

Not Disclosed, NJ
Essex County


Asking Price: Annual Revenue:
$195,000 $500,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Franchise Pancake Restaurant Broker: Ron Cervelli
Owner Financing is Available!
Can be considered to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $195,000
Annual Revenue: $500,000
Net Profit: Not Disclosed
Cash Flow: $80,000
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 10
BBN Listing #: 27283909
Broker Reference #: REST640

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Business Overview:

Must sell, this recently opened new pancake franchise restaurant due to partnership separation and priced aggressively based on equipment and asset value. Most unusual business opportunity, the new operator can maintain the franchise or change to a new name or concept. For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate other than the standard municipal licenses and franchise approval. Regarding employees and payroll, this restaurant routinely has ten full / part time employees who are unaware of the pending sale. The payroll is routinely based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $12,000. The business fixed assets has an estimated value of approximately $175,000 which is specifically based on equipment and licensing replacement cost. This successful restaurant business operation is active seven days per week, with hours from 7:00 am to 9:00 pm. 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 facility which consist of approximately 5,000 square feet, six months new, has a modern and very attractive appearance. The business is in huge Shoprite commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Essex County, which consists of various company’s and highly populated communities with continued demand for this industry.

Market Competition and Expansion:

Regarding competition, to the best of our knowledge, due to various circumstances, 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. The business is new and requires time to develop and can be further expanded by an onsite owner operator, marketing plan, local advertising, web site which will further develop the business yearly gross sales.

Reason for Selling:

Partnership separation

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

Documents:

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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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