Blimpie & Ranch One Franchise

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Asking Price:
$300,000

Gross Revenue:
$420,000
Cash Flow:
$95,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$85,000
included in asking price

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Business Description

Combo sale of two highly successful franchises at one location with a gross income of $420,000 and a dependable and consistent net yearly income to the owner operator. The businesses are in Northern New Jersey in the county of Passaic, on a highly active state highway and in a very successful commercial mall with many other national retail companies. Blimpie is a respected brand among the quick-service fast food restaurants, renowned for offering only the highest quality products for more than four decades, people everywhere recognize the quality associated with the Blimpie sub sandwich franchise and are more likely to be repeat customers because of it. Ranch One is a healthy, delicious alternative to fast food which features sandwiches made with premium quality chicken breast, flame-grilled to perfection, topped with gourmet greens, toasted almonds and their famous roasted red pepper sauce - all served on a freshly baked, semolina roll. The taste their customers want without all the fat. This particular business has three employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $6,500. The business has an assignable commercial lease which expires 2033-01-01 plus additional options, with a monthly rent of $3,600, cost per square foot $25.06 and rent security $6,900. The business is active seven days per week, with hours from 10:00 am to 9:00 pm. The business has been valued at $300,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a consistent investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.

About the Business

Location:
Passaic County, New Jersey
Year Established:
2006
Number of Employees:
3
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,460
Rent:
$3,600.00 Per Month
Facilities:
The two franchises available at one facility consist of 1,460 square feet with a clean modern and attractive appearance. The business is in a large highly active commercial mall which consists of various national retail companies which attract hundreds of thousands of customers yearly. This business opportunity is located in Northern New Jersey, Passaic County, which consists of various highly populated communities and a huge number of businesses with continue demand for this food product.
Market Outlook/
Competition:
To the best of our knowledge, no other new competitors are expected near to this business and no vacancies exist. Also, the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth & Expansion:
The owner presently maintains a limited marketing plan and works limited hours which can lower the payroll expenses and if improved can further develop the business bottom line net income.
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About the Sale

Reason For Selling:
The owner is retiring after many years of maintaining a successful operation.
Training/Support:
The sale includes a certificate of occupancy and food license from the particular municipality and the required franchise approvals to conduct its day to day business.
Seller Financing:
Seller financing is available to qualified buyers.

Listing Info

ID:
1607969
Ad Detail Views:
0

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Business Listed by

Ron Cervelli

Regal Consulting Corp.

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U.S. Census Data for Passaic County, NJ
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Source: Decennial Census (2010), United States Census Bureau.

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