IHOP Restaurant Franchise In Northern NJ For Sale

Business description

National IHOP Franchise Restaurant located in a prime area of
north-central-eastern section of New Jersey. IHOP s first
restaurant started in 1958 located in California. Since then it
has become known as one of America s favorite restaurants
with more than 1500 restaurants within all 50 states as of
2011. IHOP is known for providing reasonably priced, high
quality food and beverages in a comfortable family-style
atmosphere. This franchise enjoys a very high markup due to
its product menu representing a sizeable profit for the owner.
This specific franchise is located in an urban area with a
large population and in a free standing facility with an
adequate amount of private parking available. The franchise
requires standard approval and provides an eight week
training period. The opportunity offers entry into a well known
franchise with a reputation for success.

Property information

Real Estate:

Lease

Location:

The business is located on a highly active county road in NJ. This restaurant is a free standing building located on a corner lot. This is a densely populated urban area with an ongoing demand for moderately priced food service.

Premises details:

The facility consists of 4,500 square feet with a clean modern appearance designed specifically for this national franchise.

Business Operation

Expansion potential:

With on site management and increased hours during the weekends the restaurant can be further improved and developed.

Competition / Market:

The franchise has a distance restriction and seller will supply a non compete agreement to the purchaser.

Reasons for selling:

The seller plans on opening a restaurant closer to his residence in NY.

Employees:

34

Years established:

1968

Other information

Support & training:

Franchise training is required for eight weeks for all new purchasers.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Owner financing is available for a qualified purchaser.

Furniture / Fixtures value:

$550,000 (included in the asking price)

Inventory / Stock value:

$3,000 (included in the asking price)

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