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Business for Sale Summary

Healthy QSR for sale in Hudson County - 33776

Business Type: assets only sale,bakers & confectioners,fast food franchise,misc. retail/non-classifiable,must sell/drastic price reduction!,nutrition & health food,other eating & drinking places,other food stores,restaurant/ cafes/ diners,ice cream parlour/frozen yogurt stores
Owner Financing
Healthy QSR for sale in Hudson County
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This business has received 18 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $89,000 Down Payment $89,000
Gross Revenues $485,000 Lease Remaining Register Free to View
Owner’s Cash Flow $50,000 Number of FT Employees Register Free to View

Financing

$89,000 Down and Seller will entertain any reasonable offer!

Business Description

Healthy QSR in Prime Location! Currently closed due to Covid, but fully equipped, clean and turn-key. Get in before the busy season begins. This store is located in the middle of a major pedestrian plaza. It is a 2,000 square foot space with a rent of $9,200/mth "all in". The current rent is below market value, as it was secured prior to the extension of the pedestrian plaza. There are 7.5 years left with a 5 year renewal option. The owners are looking to transfer or assign the lease as is, without any changes. You can keep the current healthy QSR concept or bring in your own concept. The pedestrian plaza is one of the most populated and heavily trafficked in the area. It is just a few minutes from PATH and right next door to dozens of restaurants and bars. In the past full year prior to Covid the business grossed approx. $485K with an owner's cash flow of approx. $50,000.00. The assets of the space include a $200,000 build-out (only 2.5 years old), back office for the general manager/owner, two bathrooms, a big basement for storage (with another bathroom), and about $30,000 of new kitchen equipment and furniture. There is currently no cooking done on-site, so there is no hood or cooking equipment. However, the landlord has approved the installation of a hood, at the new tenants'expense. This space is currently set up as a turnkey fast casual franchise restaurant. If you'd like to become a franchisee, the franchise fee and training will be included in the sale price. If you want to bring in your own concept you can save yourself 6-12 months of time and $200,000 in build-out costs, and make this location the next big restaurant or bar in the downtown area. We are seeking a serious and financially qualified buyer with at least $89K in liquid funds. To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.