MergerPlace

BBQ Style Fast Food Priced to Sell; Sell

New Jersey (Somerset)


  • Asking Price: $175,000
  • Gross Income: $769,550
  • Cash Flow: $129,470
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #203244
  • Established: Not Disclosed
  • Employees:

Business Description

Well established Mexican Grill and BBQ fast food business located in a major mall food court. One of the highest grossing concepts in the mall, serving breakfast, lunch and dinner. Southwestern in feeling, the menu offers the customers three Mexican and three Barbeque options with a variety of side dishes. This is a turnkey operation with the business process refined to maximize gross profit. Because of its unique niche in the fast food industry, this concept offers the opportunity to develop and expand through franchising. All equipment purchased new. LANDLORD IS WILLING TO RENEGOTIATE RENT FOR NEW OWNER.

Seller owns a well established local restaurant and runs this business on a semi absentee basis, stopping in to observe the activity and manage the financials. Due to family and health issues, owner cannot spend enough time to take this business to the next level. Motivated seller, all reasonable offers will be considered.

The business is now offered at the reduce price of $225,000 with a down payment of only $125,000. Owner will finance the $100,000 balance for qualified buyers with terms negotiable. Price includes all fixtures and equipment valued at $145,000, and the inventory. The seller is very motivated and will consider all reasonable offers.

For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New Jersey
County: Somerset

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $175,000
Gross Revenue: $769,550
Cash Flow: $129,470
Seller Financing Available: Yes

Property Information

Facilities:

All equipment purchased new and in excellent condition; location has plenty of parking

Growth & expansion opportunities:

A full time owner operator can take this to the next level. Franchising the concept is very possible. Owner has another restaurant and cannot devote to develop the concept.

Competition:

This concept has a unique niche in the fast food industry

Reason for selling:

Family and health issues

Support & Training:

Up to three weeks as needed

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Paul Holveck

Executive Business Brokers