Absentee Owner Burger Restaurant - Netting $15k/mo

Monmouth County, NJ
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Asking Price:$599,000
Gross Revenue:$1,010,000
FF&E:$35,000
Cash Flow:$200,000
Inventory:$8,000
Established Year:2019
BUSINESS DESCRIPTION

***Price Drop***

An amazing opportunity to purchase a absentee owned fast food restaurant consistently generating $1,000,000 in annual revenue and cash flowing $15,000 per month. Both of the current owners also work full-time jobs and are not heavily involved in the day to day operations. The restaurant, loved by the community and boasting over 700 excellent reviews, features a diverse menu including gourmet burgers, Philly steaks, wings, salads, shakes, and more.

The well-trained staff ensures smooth daily operations, and the current owner will provide additional training if needed to facilitate a seamless transition. The business, known for its cleanliness and contemporary setting, is on track to cash flow $190,000-$200,000 this year. All necessary documents, including P&L reports, can be provided. Proof of funds and an NDA will be required for more details and information.


DETAILED INFORMATION
Location
Monmouth County, NJ
Inventory
Included in asking price
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Facilities and assets include all kitchen equipment, machines, furniture, and miscellaneous items. Included in the asking price.
Growth & Expansion
- Opening the Business all 7 days of the week - Recently established partnership with Doordash for a new virtual restaurant concept. - Extended hours
Support & Training
Training can be requested to ensure a smooth transition of ownership
Reason for Selling
Consolidating investments
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Hassan
Mahmood
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Hassan Mahmood