Excellent business opportunity for this wonderful modern fast-food franchise which offers a delicious menu of Southwest Mexican favorites with a substantial market up to the bottom line. The owner is absentee, and this retail business has a full staff of experienced employees. The business has a newer POS system that registers and identifies the gross sales including other details of sale. The business has no local advertising, no catering or delivery service. This restaurant opened in 2014 and expects to have a further increase in gross sales during 2023. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The 2022 yearly gross income as represented by the owner is estimated at $478,127 and the business has a yearly net income of approximately $63,948 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2023 income is expected to be improved with the post pandemic. A formal due diligence is recommended by broker.
- Asking Price:
- $129,900 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $478,127
- Cash Flow:
- $63,948
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease and terms; this business transaction will offer an assignable commercial lease which expires 2024-01-01, plus additional options available, with a monthly rent of $7,495, cost per square foot is approximately $30.35 and rent security is required.
- Leasehold Rent:
-
$7,495 per annum
- Lease Rent:
- $30 per sq ft per annum
- Location:
-
This business opportunity is in norther New Jersey, Somerset County near to various highways convenient to its many customers. This retail franchise business is located in an active commercial mall. The facility consists of approximately 2,963 square feet with a modern, attractive, and clean appearance.
- Size in square feet:
- 2,563
Business Operation
- Expansion Potential:
-
Regarding growth and expansion, the retail company can be further developed by improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
- Competition / Market:
-
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
- Reasons for selling:
-
The purpose of this business transaction is due to the owner semi absenteeism.
- Trading hours:
-
Days Hours of operation; this business is active seven days per week, with hours from 11:00 am to 9:00 pm.
- Employees:
- Regarding employees and payroll; this retail food company consist of eight full and part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $11,000. The manager is paid $2,500 per month.
- Years established:
- 2014
Franchise Information
- Franchise opportunity:
-
Franchise Resale
- Franchise terms:
-
To be supplied
Other Information
- Support & training:
-
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
seller and SBA bank financing is available for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $125,000 - included in the asking price
- Inventory / Stock value:
- $1,500 - included in the asking price
