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Broker Contact Information |
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Very Profitable Fast Food Restaurant | Listing ID: 20784 |
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| Asking Price: |
$100,000 |
Status: |
Active |
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| Business Type: |
Food and Beverage / Fast Food Restaurant
Food and Beverage / Food and Beverage - Others |
Reference #: |
03FF01 |
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| Business Location: |
New Jersey |
Broker Coop: |
No |
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Annual Income Information |
Labor Information |
| Gross Sales: |
$216,000 |
Full-Time Employee: |
1 |
| Cash Flow: |
$97,000 |
Part-Time Employee: |
1 |
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Business Detail Information |
Lease Information |
| Form of Ownership: |
Limited Liability Company (LLC) |
Leased SqFt: |
1,100 SF |
| Year Established: |
2009 |
Rent /Month (Include NNN): |
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| Accounting Info(years): |
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Lease Exp.Date: |
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| Franchise: |
No |
Original Lease (# of yrs): |
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| Liquor License: |
No |
Lease Left (# of yrs): |
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| Seating Available(#): |
18 |
Lease Option (# of yrs): |
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| Parking Space(#): |
6 |
Lease Renewable: |
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| Hours of Operation: |
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Lease Transferable: |
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| Reason For Sale: |
Expanding concept in another state |
Rent Increase: |
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| Seller Training Available: |
Yes (2 weeks or more if needed) |
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Price Description |
Financial Information |
| Real Estate Included: |
No |
Seller Cash Out: |
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| Real Estate Value: |
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Seller Financing Available: |
Yes |
| Fixture & Equipment Included: |
Yes |
Seller Financing Amount: |
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| Fixture & Equipment Value: |
$15,000 |
Seller Financing Term(years): |
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| Inventory Included: |
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Annual Interest Rate: |
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| Inventory Value: |
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Min. Down Requested: |
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Business Description |
This business opened in June of 2009. Since its opening it has been very profitable. The business was started by a fast food industry veteran which has put together a winning fast food concept. The business sells wings, hot dogs, wraps, sandwiches, fries and other items. It has a strong delivery business and is run with only two employees. Its "off the charts" profitability is due to the product mix and enormous mark ups. The founder used his real estate expertise to find a great location with reasonable rent. The company spends virtually nothing on advertising. A new owner that advertises a little and opens for breakfast can make this business even more profitable. The owner is opening a chain of similar restaurants in another state and needs to sell this location to focus on the expansion. How often to you find a business with cash flow around 50% of SALES?
The business is in a prime location with lots of traffic. Although there are other fast food businesses this is a unique concept. The business opens at 10:00am. Opening for breakfast on this busy avenue will increase sales and profits. A bus stop and a TD Bank are directly across the street. |
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