National Fast Food Franchise In Monmouth County For Sale

Business description

Potential growth inherit in this national name fast food franchise – no franchise, royalties or advertising fees. All rights grandfathered in 1953. Located in growing population area of Monmouth County – open only 7 months a year (April-October). Next season payroll will be lowered by $14,000 - $500 weekly. Most cooking equipment brand new. Phenomenal growth for past two years. Owner planning to open up delivery system for next year increasing net profit by 15-20%. New owner for next season can easily pocket over 3,000 weekly to himself during 7 month season. Profitable operation for remaining 5 months is a reality if owner wishes to stay open. Enclosed 2,000 sq. ft. facility can remain profitable off season. Very simple menu mostly grill items that are portion controlled. Terrific opportunity for any buyer as menu prices should be increased breakfast menu can be installed making for phenomenal profits for this grandfathered in national food service franchise set on plot of ground with 20 parking spaces. For further information please contact Vito Mastromonaco by clicking on the contact seller button below.

Property information

Premises details:

2,000 sq. ft. main free standing building surrounded with 20 parking spaces. Main cooking equipment new, great 13 year lease when season start hard to find seating so car service is provided

Size in square feet:

2,000 sq. ft.

Business Operation

Expansion potential:

Delivery system; owner is planning on it for next season potential to make extra $1,000 weekly clear – can open early for breakfast and stay open all year round now only open 7 months

Competition / Market:

Area is increasing in population – no direct competition to this type of franchise, has been there for 58 years

Reasons for selling:

Owner would prefer not to own a seven day business

Trading hours:

7 days Mon-Thurs and Sat 11:30am-8:00pm, Sun 11:30am-7:00pm

Employees:

8

Years established:

58 years

Franchise terms

Franchise opportunity:

Yes

Grandfathered in no royalties/no franchise for advertising fees only $500 – purchase right to name

Other information

Support & training:

Two weeks

Owner financing:

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

Financing available:

Owner would accept 50% financing from a strong buyer who has back up assets

Furniture / Fixtures value:

$55,000 (included in the asking price)