Combo sale of two highly successful franchises at one location with a gross income of $420,000 and a dependable and consistent net yearly income to the owner operator. The businesses are located in Northern New Jersey in the county of Passaic. The business is on a highly active state highway and in a very successful commercial mall with many other national retail companies. Blimpie is a respected brand among the quick-service fast food restaurants, renowned for offering only the highest quality products for more than four decades, people everywhere recognize the quality associated with the Blimpie sub sandwich franchise and are more likely to be repeat customers because of it. The Blimpie sandwich and restaurant chain was created on April 4, 1964, today with five decades of history and locations from coast to coast, the Blimpie brand continues to grow with the strength of its past propelling it forward. Ranch One is a healthy, delicious alternative to fast food which features sandwiches made with premium quality chicken breast, flame-grilled to perfection, topped with gourmet greens, toasted almonds and their famous roasted red pepper sauce - all served on a freshly baked, semolina roll. The taste their customers want without all the fat. The sale consists of a fully equipped modern turnkey fast food restaurant which includes a commercial kitchen, refrigeration & freezers units, ovens, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser. This particular business has four employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $7,366. The business has an assignable commercial lease which expires 2020-01-01 plus additional options, with a monthly rent of $4,000 and rent security $8,000. The business which consists of 1,460 sq. ft. has a capacity for twenty-nine customers. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 7:00 am to 9:00 pm. The sale includes a certificate of occupancy and food license from the particular municipality and the required franchise approvals to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a consistent investment return to the owner operator prior to debt service. The 2015 yearly gross income is $420,000 and the business has a yearly net income of $65,991 based on an owner operator and prior to debt service. The business has been valued at $275,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.
Asking Price $275,000
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