IHOP Franchise Restaurant in a Commercial Area For Sale

Business description

A National Franchise Restaurant business located in a prime area of New Jersey. IHOP is a fifty year old franchise and one of America's favorite & successful Restaurant chains; providing moderately priced, high quality food and beverages in a comfortable family atmosphere. This particular franchise location is in a highly transited, commercial area with lots of daily workers and many shoppers who require this service. The facility has been recently upgraded with a full modern kitchen and work area. IHOP franchise offers full training and ongoing assistance to its franchisees. The seller has owned this business for twenty five years and enjoys a substantial income well over $1.7 Million yearly. The seller now wishes to retire and will consider financing to a qualified purchaser. The seller will also supply a long term lease at a moderate rent to the new owner. This is an excellent Franchise Business and a solid opportunity.

Property information

Real Estate:

Lease

Lease terms:

The seller will supply the new owner with a twenty year lease agreement with a moderate rent payment.

Location:

Large, modern facility consisting of 5,000 square feet and located in a high traffic, commercial area. The facility was recently upgraded and includes a full kitchen and work area.

Other information

Expansion potential:

With continued good service and increased weekend hours, this business can continue to expand.

Competition / Market:

No other IHOP restaurants or similar restaurants exist in the general area.

Support & training:

Seller will provide a complete review and training period. This sale is subject to franchise approval and required training.

Reasons for selling:

Retirement after many years in the industry.

Trading hours:

Seven Day Operation 7:00am to 9:30pm

Financing available:

Financing has been organized and is available for a qualified purchaser.

Furniture / Fixtures value:

$275,000 (included in the asking price)

Inventory / Stock value:

$10,000 (included in the asking price)