Business For Sale

Mexican Franchise Restaurant

Not Disclosed, NJ
Middlesex County


Asking Price: Annual Revenue:
$299,000 $700,000

Food & Beverage: Restaurants, Fast Food, Deli


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

Quick Facts

Asking Price: $299,000
Annual Revenue: $700,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $220,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 11
BBN Listing #: 61213909
Broker Reference #: FF359

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Business Overview:

Wonderful opportunity for this highly successful franchise Mexican Restaurant in an affluent desirable area of Middlesex County, New Jersey. The business presently has a 2017 gross income of $700,000 plus additional income, which continues to increase and an estimated net yearly income of $80,000 plus discretionary income. They start each day making fresh, house-made salsas with hand-mashed guacamole and they also make tortilla chips fresh all day, every day. They flame grill their choice steak and chicken and offer options like shrimp and more toppings to personalize meals to their customers taste. They are known for the “Best Mexican Food.” This fast food restaurant routinely has 11-16 full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $11,000. The business transaction has an assignable commercial lease which expires 2027-01-01, plus additional options available, with a monthly rent of $8,446 all in, cost per square foot is estimated at $39.46 and rent security of approximately $22,170. The business has shorter hours on weekends, however this successful retail food business operation is active seven days per week, with hours from 11:00 am to 9:00 pm. 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. 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.

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Property Features and Assets:

The restaurant is on an active state highway with thousands of daily drive by vehicles. This modern retail facility which consist of approximately 2,000 square feet with a clean attractive appearance. The business is in a mid-size out door commercial mall with various other active and successful retail businesses. This opportunity is in Northern New Jersey, Middlesex County, which consists of various affluent 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 can be further expanded by a full-time on-site owner operator, an improved local advertising system and web site which can further develop the business yearly gross sales.

Reason for Selling:

Owner is absentee with full-time job.

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.

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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