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Asking Price$99,000
Revenue$516,000 Established2013
Cash Flow$55,000 Employees5 full-time
FF&E$175,000* FranchiseYes
Inventory$2,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Franchise Wing Zone Restaurant, which specializes in chicken wings located in Bergen County, New Jersey in an active commercial mall with many other high volume businesses. This restaurant has a yearly gross income of $516,000 and a dependable net yearly income of $55,000. This highly successful franchise is all about their award-winning flavors which is nationally known as one of the best in the industry. The cost to build a new franchise is approximately $175,000 and would represent no income, the selling price gives the buyer an instant net cash flow. Their various flavors bring innovation to the limited dine-in/takeout, food court, grill & tap, and drive-thru markets. They have been named by Inc. Magazine, Success Magazine and Entrepreneur Magazine as one of the industry’s fastest growing franchise concepts and the company has been featured on the Food Network, ESPN, CNBC and Fox Business News. This franchise fast food restaurant offers inside and outside seating packages which create a dining experience their customer’s desire. Great for families or friends enjoying TV sports with wings. The cost of the franchise transfer fee is $10,000 and the royalties are 5%. The sale consists of a turnkey fully equipped fast food restaurant which includes a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the business operation and a list of assets will be supplied to purchaser upon request. This particular business has five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $7,800. The business has an assignable commercial lease which expires July 26, 2025 plus additional options, with a monthly rent of $4,000 and rent security $8,000. The business opportunity is located in a modern commercial mall which consists of 1,540 square feet has a capacity for approximately forty-two customers. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 11:00 am to 9:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required city food licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 40% investment return to the owner operator prior to debt service.
Facilities:The sale consists of a newer two-year old retail facility, 1,540 square feet with an ultra-modern clean appearance. The business is in a mid-size mall with approximately ten other active and successful businesses. This opportunity is located in Northern Bergen County, New Jersey, in a highly populated city, which also consists of various communities with continued demand for this particular industry.
Competition:The franchise has a distance requirement and to the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business requires on site management, presently has a limited marketing plan, does not deliver and if improved can further develop the business bottom line income.
Training/Support:The owner will remain post-closing for 30 days and supply a transitional period and the franchise will supply continued assistance to the owner.
Seller Financing:Some seller financing is available to qualified buyers.
Sale Reason:The owner is retiring from the restaurant industry after many successful years.
Ad #87233
Seller Reference #FF311
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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