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Asking Price$165,000
Revenue$375,000 Established2017
Cash Flow$70,000 Employees4 full-time
FF&E$150,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Recently built, six-month young fast food restaurant that specializes in Gyro sandwiches and offers the best Mediterranean flavors. When you enter the restaurant, you can be assured of the freshest foods using only quality ingredients. Lunch, dinner or anytime through the day you can be guaranteed a great meal at reasonable prices. They invite you to come and experience their incredible cuisine, outstanding service and attractive surroundings. They look forward to creating a satisfying lunch or dinner experience for their customers. 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. They are a family operated restaurant offering a variety of home cooked Mediterranean foods in a very clean comfortable laid-back environment. They accommodate their customers by providing exceptional foods at a reasonable price. This industry does not require government licensing approval to purchase or operate other than the municipal health department license. This company has four full & part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $10,000. The business has an assignable commercial lease which expires 2026-01-01, plus additional options, with a monthly rent of $2,200, cost per square foot is estimated at $13.75 and rent security of approximately $6,000. The facility is in a modern commercial mall, on an active county road, consists of approximately 2,000 square feet and has an estimated capacity for forty-five customers. The business fixed assets has an estimated value of approximately $150,000 which is based on recent build out cost, equipment and licensing replacement cost. This transaction consists of a fully equipped commercial restaurant, which includes, kitchen, walk in refrigeration units, freezers, required licenses, 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. This business transaction includes substantial private mall parking on site, as part of the commercial lease. This successful fast 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 municipality and the required state or city licenses to conduct its day to day business. The 2017 yearly gross income is estimated at $375,000 and the business has a yearly net income should be approximately $70,000 based on an onsite owner operator and prior to any debt service. Solid business opportunity priced for a quick sale with owner financing. 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:This six-month young business opportunity is in Northern New Jersey, Passaic County, which consists of various cities and highly populated communities with continued demand for this food service. This successful retail facility consists of approximately 2,000 square feet and has a new and modern appearance. The business is in a large commercial mall with various other active and successful businesses.
Competition:Although competitors presently exist in the industry, to the best of our knowledge and 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 is less than one-year young and requires additional time to develop, it also has no marketing plan, no web site or delivery service 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:The owner is a college professor who built this for a family member.
Ad #98928
Seller Reference #FF340
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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