Listing Number: 171805-675175
Description
Newly opened Gourmet Sandwich Franchise is ready for new ownership as current owner owns 2 other stores of the same franchise and is unable to devote attention needed to this store. The store is not currently making a profit, but has over $500K in new equipment and assets and needs an owner operator to grow the business to a profitable level. The business has already grown to over $400K in the first 6 months and likely to go over $1 million in sales for the year. Great opportunity for someone already in this type of business to take over and grow to it's full potential. Seller also owns 2 other locations of the same franchise and would like to sell all 3 franchise units for $750K to a qualified buyer.
Listing Details
- Price: $ 295,000
- Down Payment: $150,000
- Sellers Discretionary Earnings: $ 0
- Total Sales: $ 415,853
- Location: Passaic County, New Jersey
- Inventory: $ 0
- FF&E: $ 50,000
- Employees: 7
- Year Established: 2023
- Reason for Selling: Other Business Interests
- Category: Restaurants
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