National Fast Food Franchise with land
Mercer County, New Jersey
Asking Price: |
Gross: |
Cash Flow: |
$1,300,000 |
$395,000 |
$166,751 |
Furniture and Fixtures Value:
$150,000 (included in the asking price)
Inventory Value:
$5,000 ( not included in the asking price)
Business Summary:
This national brand food franchise supports 3 families well. Pays no royalties or franchise fees and sets on over ½ acre of land within improvements valued at over $940,000. Sale values business at $360,000 and is closed 3months mid Dec through March annually. Parking for over 50 cars. Ice cream addition added on 4 years ago. Main building 1,300sq.ft seating for 30 plus counter area. Land also includes 400sq.ft office/lounge area in rear. Business although basically fast food prepares diners as well. Break down 75% food 25% ice cream over all sale of $395,000 can be much more by staying open entire year. Franchise shows over $165,000 profit. Business supports 3 families very well with father take home pay of $40,000 clear- 2 sons have great incomes also- All medical benefits paid by firm. This affluent commercial area has very few vacant stores. Building has basement which is used for storage. Perfect for family operation. Property has public sewer and water everything in place for successful franchise operation. New buyer would not have to pay any royalties or franchise fees also. Opening year round would bring cash flow over $180,000 plus salaries for owners. For further information, please contact 908-851-9040 and ask to speak with Vito Mastromonaco at Ext 285.
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Year
Business was Established: 1950 |
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Facilities / Terms of Lease:
Over ½ acre with parking for over 50 cars, ice cream part added on over 4 years ago |
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Potential
Growth/Expansion:
Staying open all year round with limited help in off season. |
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Competition:
This franchise does well against all competition- growing area. |
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Owner
willing to finance:
Owner wants all cash |
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Owner
willing to train:
2 weeks |
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Reason for selling:
Owner has lost partial sight from operation |
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REQUEST MORE INFO |
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