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Wonderful opportunity for this highly successful fast food Mexican restaurant in an affluent desirable area of Middlesex County, New Jersey. The business presently has a 2018 gross income of $400,000 plus additional income, which continues to increase and an estimated net yearly income of $80,000 plus discretionary income. They start each day making fresh, house-made salsas with hand-mashed guacamole and they also make tortilla chips fresh all day, every day. They flame grill their choice steak and chicken and offer options like shrimp and more toppings to personalize meals to their customers taste. This fast food restaurant routinely has 5 full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $8,000. The business transaction has an assignable commercial lease which expires 2027-01-01, plus additional options available, with a monthly rent of $8,446 all in, cost per square foot is estimated at $50.68 and rent security of approximately $20,000. The business has shorter hours on weekends, however this successful retail food business operation is active seven days per week, with hours from 11:00 am to 9:00 pm. The 2018 yearly gross income represented by the seller owner is $400,000, plus discretionary income, and the business has a yearly net income of approximately $80,000 discretionary income included based on an onsite owner operator and prior to any debt service. Also, due to a percentage of possible non-disclosed income, a formal due diligence is recommended to the purchaser. The business has been valued / priced very aggressively at $175,000 with seller financing to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.
The restaurant is on an active state highway with thousands of daily drive by vehicles. This modern retail facility which consist of approximately 2,000 square feet with a clean attractive appearance. The business is in a mid-size out door commercial mall with various other active and successful retail businesses. This opportunity is in Northern New Jersey, Middlesex County, which consists of various affluent and highly populated communities with continued demand for this industry.
The business can be further expanded by a full-time on-site owner operator, an improved local advertising system and web site which can further develop the business yearly gross sales.
Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Sale is due to owner's absenteeism.
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
May be considered with an appropriate down payment.
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