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#Business ID: 20290

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Must Sell; Casual Restaurant

Business Location: New Jersey, United States

Asking Price: not disclosed Revenue: $ 330,000 Cash Flow: not disclosed

Business Summary

Regional franchised casual restaurant specializing in made to order, fresh, healthy menu choices. A recent start-up, located in the middle of a thriving upper income downtown shopping center, this is a great opportunity for an experienced operator to own an 8 month old business with all new fixtures and equipment almost totally financed interest free by the seller with only 20% down. Although currently run as a franchise, the buyer is not obligated to continue under that agreement, and can install their own food business. The owner spent over $400,000 developing this turn key operation with the latest equipment suitable for a variety of dining concepts. A grill can be easily added to expand the menu since the exhaust hood and gas line are already in place. Run completely absentee due to the owner’s original business interests, the business is already achieving weekly sales of around $6,500 in the first seven months of operation. The restaurant needs a working owner to professionally manage the costs and inventory, and create marketing initiatives to drive sales. Opportunities include soliciting the extensive business community and delivery service. Purchase includes 2012 Toyota Scion for deliveries. Seller is very motivated, looking for experienced operators only. Buyers are responsible for transfer fee. Financials are projected for 2013 with 6 months actual. Business is being sold for $235,000, with 20% down and seller financing for the balance with no interest payments spread over 10 years. Purchase includes all the equipment, inventory, security system, and delivery vehicle. Owner has also paid Franchise Fees for territory rights in 5 other locations which are also for sale. Details are available from the broker.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Additional Details:

The property is leased.
This is not a homebased business opportunity.
This is a franchise resale opportunity.

Property Details

Years Established:

9 months

Property Type:

Lease

FF&E:

$ 417,000

Business Operation Details

Support & Training:

The owner is willing to train/ assist the new owner.

Miscellaneous Details

Financing Available:

Yes
Financing available for qualified buyer.

Reason For Selling:

Owners FT business interests interferes with business.

Contact this seller

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