What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $474,308.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant?
There is no seller financing available. This business may qualify for a business or SBA loan. If more financing is needed for startup cost you can review additional Financing Options Here.
What is required in order to qualify for purchase?
Typically, most franchise restaurants will have liquidity and net worth requirements (to be determined on an individual basis by franchisor), require the buyer to attend an interview for approval, background check, and in most cases, require you to form an entity such as an LLC or Corporation to purchase. This not only protects the company, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance. Expenses are estimated to be $394,177 per year (Note: Expenses represent a cash purchase and do not account for finance payments if requiring a loan to purchase).
Is the restaurant property owned or leased?
Currently the owner leases the property. Lease terms remain for 4.5 years. New owner must be approved by the landlord. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located?
Located in Voorhees Township, New Jersey. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: worktop freezer and walk-in freezer, ice cuber, walk-in cooler, multiple racks, food warmer cooker, french fry warmer, refrigerated sandwich unit, toaster, contact grill, conveyor type, countertop griddle, refrigerated equipment stand, fryer, milkshake mixer, ice-cream mixer, NCR Silver POS Ipads, counters, convection oven, beverage counter, pots, pans and more. Estimated value is $75,000.
What is the size and how many customers can this restaurant seat?
Restaurant is 2000 sq. ft.and can seat 32 inside.
Does this restaurant currently have a beer or liquor license?
There is no beer or liquor license included with this sale.
Does this restaurant offer drive-thru or delivery service?
There is no drive-thru but a delivery service is offered.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 5 1/2 years.
Why is the owner selling?
Owner has another job and does not have time to manage the business.
What are the hours of operation?
This restaurant operates from 10.30am – 9pm Monday – Sunday.
What else should I know?
Well established franchise opportunity in a great location. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Priced at $135,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!