Description

Most unusual business opportunity to own this active one-year young National Restaurant Deli franchise in a highly active major commercial shopping area consisting of various malls in Northern New Jersey and at a very reduced cost. The business presently has a weekly income of $7,000 and this highly successful franchise organization projects a gross yearly income of $1,200,000 and a substantial net income to the owner operator. This fast-food restaurant is six months new and is now available due to owner’s absentee position and his present commitment to an out of state company. The all in total cost to build and open is approximately $450,000 and the business is in line to produce a substantial income. Founded in 1989, this highly successful Deli is a fast casual restaurant chain known for our sandwiches, spuds, soups, salads, desserts and famous Sweet Teas. In addition to dine-in and take-out service, they also offer catering with a selection of sandwich trays, box lunches, desserts, a hot spud bar and more. With numerous industry accolades, this brand presently has over 350 restaurants in 26 states and growing. Their customers have enjoyed the great tastes and genuine hospitality since 1989 and their unwavering commitment to hospitality and products gives them a very a unique position in the attractive fast casual restaurant industry. They are known for their wide-ranging menu of sandwiches, giant spuds, entrée salads, soups, sweets and signature drink and is an attractive franchise investment. Looking for a business opportunity, now’s the time to join their growing family of successful deli franchisees. The business is located in a modern commercial mall on an active county road near various highly successful malls which attract thousands of daily workers & shoppers. The facility is 3,140 square feet and has a customer seating in and out door. The restaurant business is located on an active four lane highway in Northern New Jersey, Essex County which consists of various highly populated affluent communities. The company has sixteen full & part time employees who are unaware of the pending sale and fully expected to remain post-closing and the monthly payroll is approximately $28,800. The sale includes an assignable commercial business lease which expires 2020-01-01 plus additional options,with a modest monthly rent of $8,750 which represents a very low cost per square foot of $35.00 and rent security $15,000. This fast food deli / restaurant has a customer seating capacity for approximately 100 patrons. The assets of this business transaction consists of a fully equipped modern restaurant deli facility with a buildout cost of $450,000. The business includes POS & accounting system, tables, computers, web site, software, modern kitchen, 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 restaurant has substantial private parking for 400 vehicles at the facilities which is part of the commercial lease agreement. The business is active based on a seven-day work schedule with hours from 11:00 am to 8:00 pm. This business transaction includes a certificate of occupancy from the particular municipality, franchise approval including other required city licenses to conduct its day today business. This Deli / Restaurant is one year new and has recently instituted a basic marketing plan. The owner and franchise will supply post-closing trainin

Posted Oct 25, 2016

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