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Listing Number: 3824

Fast Food Franchise Business for Broker in Monmouth County, New Jersey

Business:Fast Food Franchise Business for Broker
County, State: Monmouth County, New Jersey
Business Type: Fast Food Franchise, Delicatessen/Catering Services, Other Eating & Drinking Places

Summary Description

Absentee owned fast food franchise located in major Jersey Shore mall. Located near major stores; high traffic. Owner keeps great books. $5500 franchise transfer fee must be paid by buyer. Buyer will need to make $12k lease deposit to landlord. Seller spent $200k to build business. Two weeks training from franchise. Seller's wife ran business and then had baby. Long time workers and labor easy to find. Other same store franchises are far away. No more new branches of this franchise being allowed in NJ. Security system viewable from home.

About the Sale

Asking price: $200,000 (USD)

Financing:$190,000 down and $10,000 at 6% over 24 months

Total Revenues: $258,000 (USD)

Cash Flow: $36,685 (USD)

Reason Selling: Owner's wife (who was working business) had baby.

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.