Fast Food Restaurant In Large Mall
Location: United States -> New Jersey -> Passaic County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Businesses for sale Summary
This is a well established fast food business for sale, with an outstanding location. The owner is retiring and will finance the sale. The business does an outstanding gross income of $690,000. And has a net income of $75,000 which could be substantially increased with a new marketing program and a present owner. This business is located in a very busy food court in one of the largest malls in New Jersey. The facility itself is approximately 700 square feet and has ample mall parking and seating to accommodate for its customers. The business is very modern and well kept and has been around for almost 40 years. A new lease will be issued at the time of sale.
Financials
Asking Price Range: < $250K
Gross Revenues: $690,000
Cash Flow: $75,000
Cash Flow Type: EBITDA
Inventory: $100,000 equipment only.
Seller Financing: Yes
About The Business
Year Established: 1969
Number of Employees: 10 – 19
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: The seller will provide a full due diligence period for the new operator.
Reason For Selling: Retiring.
