Business Summary:
Great opportunity to own the territory rights of a Franchise Casual Restaurant in as many as 5 locations anywhere in the country. Due to the demands of his Realty Business, the owner does not have the time to develop these locations and is willing to sell them at a discounted price to buyers interested in having their own business with the support of a Franchise operation. Owner paid $30,000 each for 2 locations (Woodcliff Lake/Montvale and Hackensack/Paramus) and $10,000 each as a down payment for 3 other unspecified locations. Buyer has the option to keep the original specified territory or locate anywhere else at their choosing. Currently, the franchise fee for all new locations is $35,000 which means an additional buyer payment to the Franchisor will be required at the time of site selection. The package for all 5 locations is being offered at $60,000 which is a 33% savings off the original cost to the seller. The rights can also be purchased individually. Owner is very motivated and will consider all serious offers. For further information, call broker Paul Holveck at 908-851-9040 x277
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