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Burrito & Chicken Fast Food Restaurant
Location: United States -> New Jersey -> Bergen County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Profitable fast food restaurant located in a wonderful area of Northern New Jersey, Bergen County. This successful restaurant specializes in all types of burritos and chicken dishes. The restaurant is very convenient, especially when it's time to grab something for lunch, it's got to be quick, but you don't want to feel guilty eating the wrong food. Food must give you the pick-me-up you need to get you through the rest of your day and that is the menu for this fast food restaurant. They use only fresh, never frozen ingredients and their slow cooked meats explode with flavor and their warm corn tortillas are gluten free. They blend beautifully crafted salsas, made in house with only fresh produce. They make Healthy cooking that's also a guilty pleasure, so that you can eat it every day and still feel good about yourself. This company has six full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $13,250. The business has an assignable commercial lease which expires 2025-01-01, plus additional options, with a monthly rent of $2,500, cost per square foot is estimated at $20.00, and rent security of approximately $5,500. The business fixed assets has an estimated value of approximately $75,000 which is based on equipment and licensing replacement cost. The restaurant business operation is active seven days per week, with hours from 11:00 am to 10:00 pm.The business has been valued / priced at $145,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller / bank financing has been conditionally approved 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.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $468,000
Cash Flow:   $87,000
Cash Flow Type:  EBITDA
Inventory:  $75,000
Seller Financing:  Yes

About The Business

Year Established:  2015
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason For Selling:  The sale is due to the owner is relocating to an alternative larger business

Photos

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Burrito & Chicken Fast Food Restaurant Photo 1




Print Listing Id: 700325356
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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