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Asking Price$85,000
Revenue$310,000 Established1999
Cash Flow$52,000 Employees4 full-time
FF&E$77,000* FranchiseNo
Inventory$1,200* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Successful business opportunity for this modern popular fast food business located in a commercial urban area of Bergen County, Northern NJ. The owner is absentee, in an alternative business and will finance the sale to a qualified buyer. The business has a gross income of $310,000, a solid net income of $52,000 and 100% of their income represents pickup or delivery service with no eat in service. The business offers high quality, fast food, chicken and ribs, fries, etc in a clean modern facility. The business facility consists of 1,650 square feet on an active commercial avenue in a metropolitan area with a wonderful central location for a high volume delivery service. The restaurant has created the original and distinctive style that makes this food product stand out from other fast food restaurants. Their mouthwatering dishes will definitely offer your palette flavors that are both unique and delicious. The business is on a highly active commercial avenue and an urban population with continued demand for this food service and product. This business offers a full restaurant menu with its famous Chicken, Ribs, Wraps, Burgers and sensational sandwiches. The facility is modern and designed with a commercial stage kitchen and walk up counter for rapid customer service. The seller has priced this business opportunity very aggressively. Based on the asking price, required down payment and net income this business will supply a 35% return to the owner operator prior to debt service representing an excellent safe business opportunity. The business is located in an active urban commercial area of Northern New Jersey, Bergen County with a large population. The facility consists of 1,650 square feet with a professional commercial kitchen, lots of storage and a private office. The facility has a clean, modern image with a walk up counter for fast service. The sale includes a full commercial kitchen, walk in box, multiple refrigeration units, numerous displays, large counters, POS computer system, phone system, etc. The facility consists of 1,650 square feet with a capacity for 12 customers.The restaurant has private and municipal parking at & nearby to the facility. The restaurant has a full staff of four employees who are unaware of the pending sale and expected to remain post-closing monthly payroll $5,800.The business is operational 7 days’ weekly hours from 11:30 am to 10:00 pm. The facility has a municipal certificate of occupancy and food license to conduct their day to day business operation. The sale includes an existing 10-year lease 2024/01/01 current monthly rent is $3,900, rent security $5,000. With an improved marketing plan, deliveries into other areas, and an onsite owner operator this business can be further developed for a new operator. Seller will supply a full training period and remain post-closing for 2 weeks.Due to the menu and style, no similar Fast food chicken & rib businesses are located in the general area and the seller will supply a non compete agreement to the purchaser. The purpose of the sale is due to owner has relocated out of state. The business produces yearly gross sales of $310,000 and the seller will verify an income of $52,000.The business has been valued at $85,000 based on a multiple of the net yearly income which includes the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This sale is confidential to the employees and public, all viewings are by appointment only. Photo may not represent the particular business.
Facilities:The business is located in an active urban commercial area of Northern New Jersey, Bergen County with a large population. The facility consists of 1,650 square feet with a professional commercial kitchen, lots of storage and a private office. The facility has a clean, modern image with a walk up counter for fast service.
Competition:Due to the menu and style, no similar Fast food chicken & rib businesses are located in the general area and the seller will supply a non compete agreement to the purchaser.
Growth Potential:With an improved marketing plan, deliveries into other areas, and an onsite owner operator this business can be further developed for a new operator.
Training/Support:Seller will supply a full training period and remain post-closing for 2 weeks.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner has relocated out of state.
Ad #88112
Seller Reference #FF315
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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