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Popular Franchise Restaurant
Location: United States -> New Jersey -> Morris County
Industry: Food and Beverage > Other Food and Beverage

Business Summary

Arby's franchise restaurant opportunity located in Northern New Jersey on a high traffic State highway with thousands of drive by vehicles. This is a quick-service restaurant serving quality meats on handcrafted sandwiches. They have a modern drive through service which represents a substantial percentage of gross sales. This newer fast food restaurant has a yearly gross income of $623,277 and a consistent net income to the owner operator. They call the transformation from a cut meat to a delicious sandwich ''Meatcraft'', and their dedication to Meatcraft informs every decision they make. From the sandwiches they serve to their curly fries, shakes and sides, everything they do is in service to the meats. Good food takes time to prepare, and they are happy to put in the time to make your meal great. For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate in addition to the standard required municipal licenses, however franchise approval is required. Regarding employees and payroll, this fast food franchise restaurant company routinely has seven 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 $8,300. The business transaction has an assignable commercial lease which expires 2029-01-01, plus additional options available, with a total monthly rent of $9,000, cost per square foot is estimated at $46.95 and rent security of approximately $25,000. The business fixed assets has an estimated value of approximately $250,000 which is specifically based on the original equipment and licensing replacement cost. The business is operational seven days per week, with hours from 10:00 am to 10:00 pm. The business has been valued / priced at $115,000 which is based on a multiple of the net yearly income.


Asking Price Range:  < $250K
Gross Revenues:   $623,277
Cash Flow:   $40,000
Cash Flow Type:  EBITDA
Inventory:  $250,000
Seller Financing:  Yes

About The Business

Year Established:  2015
Number of Employees:  6 - 9
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 and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason For Selling:  Owner is absentee and out of state.


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Popular Franchise Restaurant Photo 1

Print Listing Id: 700325819
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