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Franchise Pancake Restaurant

73
Essex County, New Jersey, United States
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Asking Price$395,000
Revenue$500,000 Established2017
Cash Flow$80,000 Employees10 full-time
FF&E$175,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Must sell, this six-month new pancake franchise restaurant due to partnership separation and priced aggressively based on equipment and asset value. Most unusual business opportunity, the new operator can maintain the franchise or change to a new name or concept. For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate other than the standard municipal licenses and franchise approval. Regarding employees and payroll, this restaurant routinely has ten full / part time employees who are unaware of the pending sale. The payroll is routinely based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $12,000. The business transaction has an assignable commercial lease which expires 09/04/2020, plus additional options available, with a monthly rent of $9,000, cost per square foot is estimated at $21.70, and rent security of approximately $15,000. This business opportunity is in a commercial facility, at a Shoprite mall, on an active county road, consists of approximately 5,000 square feet and has an estimated capacity for one hundred ten customers. The business fixed assets has an estimated value of approximately $175,000 which is specifically based on equipment and licensing replacement cost. This new restaurant consists of a fully equipped restaurant, kitchen, refrigeration & freezer units, web site, social media components, POS system, displays, shelving, tables, web site, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. This successful restaurant business operation is active seven days per week, with hours from 7:00 am to 9:00 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The 2017 yearly gross income represented by the seller owner is $500,000 and the business has a yearly net income of approximately $80,000 based on an onsite owner operator and prior to any debt service. Also, due to a percentage of possible non-disclosed income, a formal due diligence is required by the purchaser. The business has been valued / priced at $395,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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. 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.
Facilities:This facility which consist of approximately 5,000 square feet, six months new, has a modern and very attractive appearance. The business is in huge Shoprite commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Essex County, which consists of various company’s and highly populated communities with continued demand for this industry.
Competition: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.
Growth Potential:The business is new and requires time to develop and can be further expanded by an onsite owner operator, marketing plan, local advertising, web site which will further develop the business yearly gross sales.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Seller financing is available to a qualified buyer
Sale Reason:The purpose of this business transaction is due to the partnership separation.
Ad #102565
Seller Reference #REST605
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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