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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