Blimpie & Ranch One
www.GlobalBX.com
Listing ID:
700326350
Listing Title:
Blimpie & Ranch One
Quick Link:
http://www.globalbx.com/listing.asp?bId=326350
Industry:
Food and Beverage
Industry Segment:
Other Food and Beverage
Country:
United States
State / Province:
New Jersey
Area
City:
Passaic County
Asking Price Range:
< $250K
Gross Revenues:
$364,000
Cash Flow:
$66,000
Cash Flow Type:
EBITDA
Year Established:
2006
Number of Employees:
4 - 5
Business Description:
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.
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