Business For Sale

Great Franchise Opportunity In A Pleasant Town!

Morris, NJ
Morris County


Asking Price: Annual Revenue:
$199,000 $542,048

Food & Beverage: Coffee, Cafe, Dessert


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RE: Great Franchise Opportunity In A Pleasant Town! Broker: Seth Kain

Quick Facts

Asking Price: $199,000
Annual Revenue: $542,048
Net Profit: Not Disclosed
Cash Flow: $82,092
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1
Employees: 11
BBN Listing #: 72922979
Broker Reference #: 6164SK

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Business Overview:

FRANCHISE OPPORTUNITY!! Newly-renovated Luncheonette off a main long thoroughfare going through several towns. Many great reviews on ezCater site! Free strip mall parking. Run semi-absentee so an owner-operator can take it to a much higher level. This one owner has another same franchise store & cannot devote the time to oversee this store. Two partners have other business interests. FURNITURE, FIXTURES, & EQUIPMENT of $50,000. OTHER EXPENSE: Pest Control $600. Owners will split the $20,000 franchise fee with Buyer. Royalties & advertising make up 5% of gross sales. Solid franchise training & additional owner training to be provided. New qualified tenant can get a good long term lease situation like the owners have.

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Property Features and Assets:

1,200 square feet. The place has a very modern feel to it with all the furniture, fixtures, and equipment in excellent condition. Owners re-assigned their lease with 4 ½ years left along with a (5) year option a little over a year ago. There’s plenty of strip mall parking available for customers.

Market Competition and Expansion:

There aren’t any very similar businesses within a few miles of this luncheonette. There are several deli’s, a couple of diners, a couple of bagel shops within a 3 mile radius. But, this business has a wide variety of items while also delivering and catering to area residents and businesses. A new owner-operator can increase cash flow by running it full time. The present owner who works there runs it semi-absentee. He’s typically at the luncheonette only one day a week on average. Some additional advertising would help to boost gross sales.

Reason for Selling:

3 partners have other business interest.

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.

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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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