National Fast Food Franchise
Monmouth County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $150,000 |
$200,000 |
$65,084 |
Furniture and Fixtures Value:
$55,000 (included in the asking price)
Inventory Value:
$0 (included in the asking price)
Business Summary:
Potential growth inherit in this national name fast food franchise – no franchise, royalties or advertising fees. All rights grandfathered in 1953. Located in growing population area of Monmouth County – open only 7 months a year (April-October). Next season payroll will be lowered by $14,000 - $500 weekly. Most cooking equipment brand new. Phenomenal growth for past two years. Owner planning to open up delivery system for next year increasing net profit by 15-20%. New owner for next season can easily pocket over 3,000 weekly to himself during 7 month season. Profitable operation for remaining 5 months is a reality if owner wishes to stay open. Enclosed 2,000 sq. ft. facility can remain profitable off season. Very simple menu mostly grill items that are portion controlled. Terrific opportunity for any buyer as menu prices should be increased breakfast menu can be installed making for phenomenal profits for this grandfathered in nation food service franchise set on plot of ground with 20 parking spaces. For further information please contact Vito Mastromonaco at 908-851-9040 Ext. 285.
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| Year
Business was Established: 1953 |
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| Number of Employees:
8 |
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| Facilities / Terms of Lease:
2,000 sq. ft. main free standing building surrounded with 20 parking spaces. Main cooking equipment new, great 13 year lease when season start hard to find seating so car service is provided |
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| Potential
Growth/Expansion:
Delivery system; owner is planning on it for next season potential to make extra $1,000 weekly clear – can open early for breakfast and stay open all year round now only open 7 months |
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| Competition:
Area is increasing in population – no direct competition to this type of franchise, has been there for 58 years |
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| Owner
willing to finance:
Owner would accept 50% financing from a strong buyer who has back up assets |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Owner would prefer not to own a seven day business |
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| REQUEST MORE INFO |
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