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Blimpie & Ranch One
Location: United States -> New Jersey -> Passaic County
Industry: Food and Beverage > Other Food and Beverage




Business Summary

Combo sale of two highly successful franchises at one location with a gross income of $400,000 and a dependable and consistent net yearly income to the owner operator. The businesses are in Northern New Jersey in the county of Passaic, 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. 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. This industry requires franchise approval to purchase and a transfer fee cost. This particular business has four employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $5,980. The business has an assignable commercial lease which expires 2033-01-01 plus additional options, with a monthly rent of $4,266, cost per square foot $35.06 and rent security $6,900. The business is active seven days per week, with hours from 10:00 am to 9:00 pm.The business has been valued at $199,000 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. 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.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $364,000
Cash Flow:   $66,000
Cash Flow Type:  EBITDA
Inventory:  $85,000
Seller Financing:  Yes

About The Business

Year Established:  2006
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.
Reason For Selling:  The owner is retiring after many years of maintaining a successful operation.

Photos

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Blimpie & Ranch One Photo 1




Print Listing Id: 700326350
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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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