NOT DISCLOSED, New Jersey
| Asking Price |
$350,000 |
Year Established |
2010 |
|
| Annual Revenue |
$760,028 |
Reason for Selling |
Owner has full time job. |
|
| Annual P/L |
$0 |
Attention |
Joe Chiarello |
|
| Annual Cash Flow |
$112,026 |
Listing Number |
1003547 |
|
| # of Employees |
8 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
ONLY $70,000 DOWN NEEDED AS OWNER WILL FINANCE THE REMAINING AMOUNT
This opportunity involves a very well-known hoagie franchise operating from a stand-alone retail location. The business has been in operation for several decades and benefits from the structure and recognition of a proven franchise system.
The restaurant operates on a consistent daily schedule and is supported by a fully staffed team, allowing for smooth day-to-day operations. Current ownership has been largely hands-off, creating an opportunity for a more engaged owner-operator to step in and drive further performance.
This business is best suited for a buyer seeking franchise ownership within the quick-service segment, particularly someone looking to take a more active role in operations.
Key Facts:
· Hoagie-focused quick-service franchise with long operating history
· Stand-alone retail location
· Fully staffed with management in place
· Absentee-run operation
· Consistent daily operating hours
· Ideal for a hands-on owner-operator
· Seller financing 80% of sale price ($280,000 at 8% with 3-year balloon, amortized over 25 years)
Property Features and Assets:
<p>Stand-alone retail location.<br></p><p>Assets = $240,000</p>
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity