Pancake Restaurant

Not Disclosed, NJ
Essex County


Asking Price: Annual Revenue:
$250,000 $440,700

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Pancake Restaurant Broker: Ron Cervelli

Quick Facts

Asking Price: $250,000
Annual Revenue: $440,700
Net Profit: Not Disclosed
Cash Flow: $117,000
Total Debt: Not Disclosed
FF&E: $120,000
Real Estate: Not Disclosed
Year Established: 1908
Employees: 11
BBN Listing #: 49293909
Broker Reference #: REST677

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Business Overview:

Solid business opportunity for this long standing and profitable pancake, breakfast and lunch restaurant in an urban city of Essex County, New Jersey. The business has a gross income of $305,478 and a consistent net yearly income of $117,000 based on an onsite owner operator. With many years of restaurant experience, they offer fresh, innovative food served consistently by a dedicated team in a clean and warm environment. They use only the finest and freshest ingredients available and it’s their attention to detail that makes all the difference such as taking the extra effort to serve only fresh-squeezed juices ensuring only the flavorful drink. Whenever possible, they seek out organically grown ingredients from local farmers and producers. These efforts result in a better experience for their customers. This restaurant consists of 5 full time & 6 part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and a weekly base salary, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $7,500. The business transaction will offer an assignable commercial lease which expires 12/31/2023, plus additional options available, with a monthly rent of $4,745, cost per square foot is estimated at $31.28 and rent security of approximately $7,000. The business has been valued / priced at $250,000 which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. 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 successful retail facility consists of two floors, approximately 1,820 square feet has a modern and attractive image. The business is on an active commercial avenue with dozens of other active and successful retail businesses and professional practices. This opportunity is in Northern New Jersey, Essex County, which consists of various highly populated communities with continued demand for this food and industry.

Market Competition and Expansion:

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 opportunity can be further expanded by the new operator by improving the existing marketing plan and the required local advertising and increasing the hours opened to the public. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.

Reason for Selling:

The owner retiring after many years in this food i

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 not a franchise resale opportunity.

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