Restaurant – Salads & More – Monmouth NJ Motivated Seller
Location: New Jersey
Industry: Food and Restaurants
Listing ID: 3172022
Great deal, owner want to retire, make offer! A healthy choice, fast-casual style restaurant franchise that has been offering a guilt free gourmet menu of popular, flavorful, and health conscience meals for on-the-go consumers seeking a healthy lifestyle for over 30 years. They have a great concept, simple format, enticing menu items, easy food prep, dine in or take out location, strong franchise support and longevity that make this business a great choice. This location is one of the top performers for this franchise and has been very well run by the owner for 18 years.
Popular menu items include all kinds of salads, soups, wraps, sandwiches, grain bowls and more with signature dressings as well as complementary menu items geared towards on-the-go consumer seeking a healthier lifestyle or just a break from the usual takeout or fast food. They have an easily accessible shopping center location on a restaurant pad site. There was a renovation in 2017 and the store is approximately 3200 sq ft located in an upscale shopping center with dedicated parking and high traffic volume. Excellent location is expected to exceed 1 mil in sales for 2022, growing population locally, motivated sellers ready to retire.
• Price: $189,000 negotiable
• Annual Cash Flow: $121,000
• Gross Revenue: $953,000
• Rent: $9,000 base + Cam
• FF&E: $250,000
• Inventory: $ 2,500
Owner is seeking retirement after 18 successful years running the business. He will assist a buyer with a transition plan and in managing the business day to day for a specified period if needed. Sales are expected to see additional growth after Amazon warehouse being built behind shopping opens next year. A prospective buyer will need to be approved by the franchisor. Motivate seller with retirement plans
Gross Revenue: $953,000
Cash Flow: $121,000
Reason For Sale:
Owner is seeking retirement after 18 successful years running the business.
Training & Support:
Seller will assist a buyer with a transition plan and in managing the business day to day for a specified period if needed.
Monthly Rent: 9000 Plus Base and Cam
Type of Location: Single Location.
There is plenty of room for potential growth and expansion.