Excellent purchase opportunity for this non franchise casual food business, located in a highly active commercial mall in the city of Paramus, Northern New Jersey, Bergen County. The business has a yearly gross income of $657,000 and a net yearly income of $47,000 based on semi absentee ownership. This popular fast food casual café restaurant is a pit stop for health-conscious customers with foods such as wraps, salads & rice bowls, plus juices & smoothies. The business has an excellent markup / profit margin resulting in a consistent positive cash flow to the owner. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a wonderful investment return to the owner operator prior to debt service. This industry does not require government agency approval to purchase. This highly active commercial retail mall facility which consist of 1,244 square feet has a clean modern attractive appearance. The business is in a major mall with hundreds of other active and successful businesses and thousands of daily shoppers. This opportunity is located in Northern New Jersey, Bergen County, which consists of various highly populated affluent communities with continued demand for this food product.
This particular business has nine-part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $12,100. The business has an assignable commercial lease which expires 2020-01-01 plus additional options, with a monthly rent of $13,467, cost per square foot is $120, as a percentage lease and rent security $75,000. The business is located in a commercial mall setting and the facility which consists of 1,244 square feet has a capacity for approximately twenty-five customers. The business assets has an estimated value of approximately $95,000 which is based on replacement cost and the sale consists of a fully equipped café Restaurant which includes, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active six days per week, with hours from 9:00 am to 9:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required city food licenses to conduct its day to day business. The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator. The owner has a full time position and cannot continue to maintain this cafe. The business presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income. To the best of our knowledge, due to various circumstances, non-complete agreement with landlord, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.

Posted Oct 3, 2016

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