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Asking Price$395,000
Revenue$719,000 Established2008
Cash Flow$104,827 Employees11 full-time
FF&E$220,000* FranchiseNo
Inventory$2,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Wonderful opportunity for this highly successful franchise Mexican Restaurant in an affluent desirable area of Middlesex County, New Jersey. Very recently available, and due to the extraordinary circumstances of the owner, he will accept a modest down payment and finance this wonderful business opportunity to a capable purchaser as on-site operator. The business presently has a 2017 gross income of $719,000 plus additional income, which continues to increase and a net yearly income of $104,827. 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.” For Qualifications purposes, this business opportunity and 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 fast food restaurant routinely has 11 to 16 various 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. This business opportunity is in a free stranding commercial facility, on an active county road, consists of approximately 2,000 square feet and has an estimated capacity for sixty customers.The business fixed assets has an estimated value of approximately $220,000 which is specifically based on the equipment and licensing replacement & build out cost. The original cost for the franchise and build out cost was approximately $600,000. This transaction consists of a fully equipped commercial fast food Mexican Restaurant which includes a commercial kitchen, refrigeration & freezer units, web site, social media components, POS system, displays, shelving, tables, 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. 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. The sale includes all required documentation including a certificate of occupancy from the local municipality, franchise approval and the required state or city licenses to conduct its day to day business. 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. Seller 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: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.
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 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.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Financing is available with a $50,000 down payment.
Sale Reason:The purpose of this sale is due to the owner’s absenteeism and full time job.
Ad #103527
Seller Reference #FF349
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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