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Well known national franchise retail convenience business located in an active area of Southern New Jersey. This is a solid money maker for this long standing and highly successful convenience & deli business in a wonderful area of central New Jersey. The business has a gross yearly income of $1,932,134 3 and a consistent net yearly income to the present absentee owner which can be improved with an onsite owner operator. The business is fully computerized consisting of a state-of-the-art POS system. The company also has a very profitable Lotto net income of approximately $35,000. The business has an assignable commercial lease which expires 2025, plus additional options, with a monthly rent of $11,660 all in, cost per square foot is estimated at $66. and rent security of approximately $25,000, 3% yearly rent increases. This business opportunity has been valued / priced at $275,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Transfer franchise fee is approximately $25,000, also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
This high-volume retail facility which consist of approximately 1,800 square feet with an attractive and modern appearance. The business is a corner property and consists of a free-standing building in a commercial area with many other active and successful businesses. This opportunity is in Central New Jersey, Ocean County, which consists of various densely populated communities with continued demand for this industry.
The business presently has a limited marketing plan with an absentee owner, if the new operator will be an onsite owner operator the business can be further develop the business yearly gross sales. This site is also approved for a Chicken franchise business with high projected sales.
To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
The sale is due to the owner’s relocation out of the general area.
The present owner is absentee and will supply appropriate training, additionally the franchise will require two weeks of training at the franchise headquarters out of the state of New Jersey.
Available with an appropriate down payment.
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