High-Volume Friendly’s Cafe Westfield, MA-Westgate Plaza!
| Asking Price: | $225,000 |
| Gross Revenue: | $1,210,191 |
| FF&E: | $30,000 |
| Cash Flow: | $71,522 |
| Rent: | $8,916/Month |
| Established Year: | 2022 |
An iconic brand serving a mouthwatering classic American menu of signature entrees, burgers, sandwiches and hand-crafted, specialty ice cream for over 80 years. Plus, a recently launched menu with a dozen great new items from burgers to melts to pastas to salads along with new ice cream flavors.
Fast-casual restaurant. Serving lunch, dinner and dessert. Dine-in, takeout at the designated to-go area and curbside pickup, plus 3rd party delivery. There’s also a traditional ice cream fountain area. Order at the counter or the QR code at the table. Online/mobile ordering also available for pickup or delivery. Also catering, make-your-own sundae kits and family meals. And a new loyalty program.
Well established in Westfield for over 37 years. Relocated in Feb 2022 from 21 Southampton Rd to 291 E Main St as a Friendly’s Café, their new fast-casual concept - a reflection of the changes in dining habits that have taken place over the past few years, especially when it comes to take out and delivery. Plus, Friendly’s recently updated their POS system to Revel which has a lot more capabilities such as cloud based, digital, tablets for servers and more.
This location is currently absentee owned and operated with a full staff in place. Turnkey! And the current owner is also selling his other turnkey location in Merrimack, NH!!
Friendly’s overall has been built around families and founded upon ice cream. A franchise dedicated to quality in all that they do. Every meal is freshly made offering delicious new dishes and classic comfort foods that can only be found at Friendly's. And to top it all off, they end every delicious meal with incredible homemade ice cream in unlimited shapes, sizes and flavors.
Their vision and mission is "to be the leading casual restaurant/ice cream shoppe and premium retail ice cream brand...known for operations excellence, great food, famous ice cream shoppe desserts, sparkling clean facilities, prompt friendly service and dedicated people...resulting in outstanding customer loyalty and consistent profitable growth.
And since the arrival of new ownership in Jan 2021 by BRIX Holdings LLC, a multi-brand restaurant management/franchising company, the brand has posted positive same store sales. Plus, digital mix is up. Also, the ad fee has been reduced to 2.5% to help franchisees combat increasing COGs.
Prime retail space in a freestanding building on E Main St (Route 20), a major thoroughfare with high traffic counts plus a bustling retail corridor lined with well-known restaurants, retailers and businesses.
This Friendly’s is perfectly situated in an out lot of busy Westgate Plaza, a prominent open-air retail center offering a diverse mix of retailers, services and dining options. The sought-after plaza benefits from high visibility and accessibility, attracting a steady flow of customers. A dynamic go-to destination!
Other popular tenants include Aldi, Anytime Fitness, Big Y World Class Market, CVS, Dollar Tree, Five Below, FunZ Trampoline, GameStop, GNC, Great Clips, Lucky Nail & Spa, MedExpress Urgent Care, Metro by T-Mobile, PeoplesBank, PetSmart, Rent-A-Center, Price Rite Marketplace, Ocean State Job Lot, Richards Jewelers, Super Phipps Liquors, The Barber Collection, T.J. Maxx, Westfield Nails & Spa and more. As well as Applebee’s Grill & Bar, Chipotle, McDonald’s, Moe’s Southwest Grill, Popeyes, Taco Bell and Tin Bridge Brewing Co. A key shopping and dining hub in Westfield!
Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only outside of business hours.
Listed By Nicole Rayborn at EatZ & Associates
BUSINESS LOCATION
