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BUSINESS FOR SALE - PROFILE #  42094235

Fast Food Franchise - Franchise Restaurant
Newark, NJ

Asking Price: $550,000   Down Payment: $450,000  
Gross Revenue: $479,716   Adj. Cash Flow*: $113,297  
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Executive Summary
PRICE REDUCED.  TIME TO ACT!  Incredible opportunity to own a diversified fast food franchise establishment that includes 5 separate food stations, anchored by well recognized national brand italian restaurant franchise. It is located in a secure and growing area of Newark on the first floor of brand new high rise dormatory building adjacent to university campus and large medical and office facilities.  This restaurant business is a small food court similar to those in shopping malls. Other restaurants include a Mexican grill, Mediteranian menu and two sub-leased complimentary fast food stations.  This unique retail food service business is less than two years old and has not reached it's revenue potential.  A long term, competitive lease offers new owner the opportunity to fully commit to a marketing campaign and bring the business to its maximum earnings.

Acquisition Highlights

  • Unique opportunity to own a diversified fast food restaurant and franchise in a food court arrangement. Located on the campus of Rutgers University in Newark, NJ in the first floor of a 12 story dormitory. Major business and hospital located across the street. Plenty of opportunity to leverage social media, Face Book, Twitter to increase sales as well as develop catering revenue from nearby companies.
  • Open Daily 10AM-9PM Owner, Manager, 12 FT/PT employees
  • Current owner operates the Sbarro franchise, Mexican Grill, and Mediteranian Station. The Indian station and Japanese Hibachi station are sub leased to others. There is a 25 year lease for the space which includes all expenses except heat and electric. Reasonable escalator capped at 5% per annum.
  • Current owner has not followed any consistent marketing campaign other than the initial advertising for a grand opening.
  • Two year old, brand new building. This area around the Rutgers Newark campus continues to benefit from significant investment and improvements
  • Business is into its second year of operation. Sbarro franchise is for 10 years (9 left) with 10 year renewal option.
  • Financing Information:  To be determined depending upon buyer qualifications
  • Training Information:  2 weeks
  • This business is a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2009 Inventory:
Employees: 12 PT , 1 Mgrs Furniture, Fixtures & Equipment: $120,000 Included
Lease/Rent: $5,625 Real Estate:
Building Sq Ft: 2800
    Total Assets Included in Sale: $320,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Brad Elliott
Phone:  (609) 456-4400
Fax:  (215) 639-8427
E-mail:  bhelliott@vrdelval.com
VR Business Brokers - Ewing, NJ
3430 Progress Drive
Suite F
Bensalem, PA 19020
www.vrdelval.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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