* Included in Asking Price
Exciting business opportunity to purchase a highly successful Culinary play & learn business, servicing Northern NJ, Morris, Rockland & Bergen County. They offer sessions, year-round, for adults and children, registration is continuous and walk in classes are available. They supply a broad range of other services as well as community service, private parties, birthday parties, Business Team Building and various private cooking demonstrations. They offer beginner and experienced home cook which can benefit from the experience of their trained chefs, who share their most popular recipes in hands-on sessions. Students learn tips of the trade while preparing new & exciting meals, and they dine together at the end of each class. For parties and corporate events, a customized menu is designed in consultation with the chef and private lessons are also available.
The culinary awakening of recent years is not leaving anyone behind. It is well known that the TV culture of celebrity chefs and cooking related programming has awakened a surge of interest in adult chefs, but the phenomenon exists among the younger set as well. Kids are noticing what’s on their plates and become inquisitive about how it got there. There are additional benefits to learning about preparing food, since math, reading and other core skills are used during the process. Socializing with other kids in a common pursuit of sustenance fosters cooperation in a way that doesn’t put a lot of pressure on them. Classes end with some type of tasting, where kids and parents enjoy the bounty of the children’s efforts, in an ironic counter to most days-when moms the one doing the cooking. This industry does not require government licensing approval to purchase or operate. This company has one part-time employee who is unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll cost is approximately $548.00. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $1,837, cost per square foot is estimated at $30.42 and rent security of approximately $3,000. The business is in a free stranding commercial facility, on an active county road, consists of approximately 700 square feet and has an estimated capacity for fifteen customers. The business fixed assets has an estimated value of approximately $45,000 which is based on equipment and licensing replacement cost. The sale consists of a fully equipped culinary shop, including, web site, commercial kitchen, displays, shelving, POS system, tables, computers, software 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 municipal parking near to the site. This successful business operation is active seven days per week, with hours from 9:00 am to 6:00 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The 2016 yearly gross income is $154,000 plus discretionary income and the business has a yearly net income of approximately $57,500 based on an onsite owner operator and prior to any debt service. The business has been valued at $99,000 based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a wonderful business opportunity which can supply a consistent and dependable investment return to the owner operator prior to debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
|Facilities:||The company is located in Northern New Jersey and services various highly populated affluent cities. This successful specialized service company which consist of 700 square feet has been designed for cooking and training. The business has a clean modern and professional appearance and is located on an active commercial area with various other successful businesses.|
|Competition:||Limited competitors presently exist in Northern New Jersey and 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 presently has a limited marketing plan, basic web site and if improved can 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:||May be available to a qualified buyer with an appropriate down payment.|
|Sale Reason:||The sale is due to the owner is relocating out of the state of New Jersey.|
Seller Reference #SVS359
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