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Asking Price$135,000
Revenue$468,000 Established2015
Cash Flow$87,000 Employees6 full-time
FF&E$75,000* FranchiseNo
Inventory$2,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Profitable fast food restaurant located in a wonderful area of Northern New Jersey, Bergen County. This successful restaurant specializes in all types of Burritos and chicken dishes. The restaurant is very convenient, especially when it’s time to grab something for lunch, it’s got to be quick, but you don't want to feel guilty eating the wrong food. Food must give you the pick-me-up you need to get you through the rest of your day and that is the menu for this fast food restaurant. They use only fresh, never frozen ingredients and their slow cooked meats explode with flavor and their warm corn tortillas are gluten free. They blend beautifully crafted salsas, made in house with only fresh produce. They make Healthy cooking that’s also a guilty pleasure, so that you can eat it every day and still feel good about yourself. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate other than the required municipal health inspections. This company has six full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $13,250. The business has an assignable commercial lease which expires 2025-01-01, plus additional options, with a monthly rent of $2,500, cost per square foot is estimated at $20.00, and rent security of approximately $5,500. The business is in a free stranding commercial facility, on an active county road, consists of approximately 1,500 square feet and has an estimated capacity for twelve customers. The business fixed assets has an estimated value of approximately $75,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial 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 restaurant business operation is active seven days per week, with hours from 11:00 am to 10:00 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 2016 yearly gross income is $468,000 and the business has a yearly net income of approximately $87,000 based on an onsite owner operator and prior to any debt service. 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 photo does Not represent this particular business opportunity.
Facilities:The facility, which consist of approximately 1,500 square feet has a pleasant and modern appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this industry.
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 presently has a limited marketing plan, poor 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.
Sale Reason:Owner is relocating to alternative business out of the area.
Ad #98434
Seller Reference #FF336
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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