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BBQ Style Fast Food Priced to Sell; Seller Financing for sale in Somerset County, NJ

Somerset County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 175,000 $ 769,550 $ 129,470

Furniture and Fixtures Value:
$ 130,000 (included in the asking price)

Inventory Value:
$ 5,000 (included in the asking price)

Business Summary:
Well established Mexican Grill and BBQ fast food business located in a major mall food court. One of the highest grossing concepts in the mall, serving breakfast, lunch and dinner. Southwestern in feeling, the menu offers the customers three Mexican and three Barbeque options with a variety of side dishes. This is a turnkey operation with the business process refined to maximize gross profit. Because of its unique niche in the fast food industry, this concept offers the opportunity to develop and expand through franchising. All equipment purchased new. LANDLORD IS WILLING TO RENEGOTIATE RENT FOR NEW OWNER.Seller owns a well established local restaurant and runs this business on a semi absentee basis, stopping in to observe the activity and manage the financials. Due to family and health issues, owner cannot spend enough time to take this business to the next level. Motivated seller, all reasonable offers will be considered. The business is now offered at the reduce price of $225,000 with a down payment of only $125,000. Owner will finance the $100,000 balance for qualified buyers with terms negotiable. Price includes all fixtures and equipment valued at $145,000, and the inventory. The seller is very motivated and will consider all reasonable offers. For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.

 

   
Year Business was Established: 2009
   
Number of Employees: 3FT/3PT  
   
Facilities / Terms of Lease: All equipment purchased new and in excellent condition; location has plenty of parking  
   
Potential Growth/Expansion: A full time owner operator can take this to the next level. Franchising the concept is very possible. Owner has another restaurant and cannot devote to develop the concept.  
   
Competition: This concept has a unique niche in the fast food industry  
   
Owner willing to finance: Seller note payable over 3 years at 6% interest  
   
Owner willing to train: Up to 3 weeks as needed  
   
Reason for selling: Family and health issues  
   
Seller Reference Number: 4446PH
BusinessMart.com Listing Number: 107381
 

 

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For more info contact:

Larry Bodner

Executive Business Brokers
908-851-9040

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