MergerPlace

Great Franchise Opportunity

New Jersey (Morris)


  • Asking Price: $199,000
  • Gross Income: $542,048
  • Cash Flow: $82,092
  • Real Estate: Not Disclosed
  • Inventory: $15,000
  • FF&E: $50,000
  • Listing ID: #205377
  • Established: 1
  • Employees:

Business Description

FRANCHISE OPPORTUNITY!! Newly-renovated Luncheonette off a main long thoroughfare going through several towns. Many great reviews on ezCater site! Free strip mall parking. Run semi-absentee so an owner-operator can take it to a much higher level. This one owner has another same franchise store & cannot devote the time to oversee this store. Two partners have other business interests. FURNITURE, FIXTURES, & EQUIPMENT of $50,000. Owners will split the $20,000 franchise fee with Buyer. Royalties & advertising make up 5% of gross sales. Solid franchise training & additional owner training to be provided. New qualified tenant can get a good long term lease situation like the owners have. Contact Seth Kain @ 201-317-4710 for additional details & showing.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: New Jersey
County: Morris

Company Information

Year Established: 1
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $199,000
Gross Revenue: $542,048
Cash Flow: $82,092
FF&E: $50,000
Inventory: $15,000
Seller Financing Available: Yes

Property Information

Facilities:

1,200 square feet. The place has a very modern feel to it with all the furniture, fixtures, and equipment in excellent condition. Owners re-assigned their lease with 4 ½ years left along with a (5) year option a little over a year ago. There’s plenty of strip mall parking available for customers.

Growth & expansion opportunities:

A new owner-operator can increase cash flow by running it full time. The present owner who works there runs it semi-absentee. He’s typically at the luncheonette only one day a week on average. Some additional advertising would help to boost gross sales.

Competition:

There aren’t any very similar businesses within a few miles of this luncheonette. There are several deli’s, a couple of diners, a couple of bagel shops within a 3 mile radius. But, this business has a wide variety of items while also delivering and catering to area residents and businesses.

Reason for selling:

3 partners have other business interests. The owner presently running it owns another franchise store a good 30 miles away.

Support & Training:

Franchisor offers training of a minimum of 2 weeks at their company-owned location. Owners will provide a minimum of 1 additional week at no cost to Buyer.

Contact Business Seller

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Business Listed By:

Seth Kain

Executive Business Brokers