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Friendly's Franchise Restaurant

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $1000000
Net Profit / Cash Flow  $125000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2000
Number of Employees  10 - 19
Inventory  $375000 equipment & $1500 inventory.
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  The seller will remain after closing and supply a long term transitional period.
Reason for Sale  Absentee owner and involved with an alternative business.
Description  Friendly's franchise restaurant established 75 years ago in Springfield, Massachusetts and offers breakfast, lunch and dinner with a wonderful menu of foods. This restaurant located in central NJ is in a commercial area and on an active road very convenient to the customers it serves. This business was recently remolded with a clean attractive modern image and will evidence $1,000,000 in gross yearly sales and due to the recent upgrades expects to further increase the bottom line income. The restaurant is active seven days per week with hours from 7:00 am to 10:00 PM. This very popular family style restaurant, offers a wonderful menu for the entire family including a wonderful offering of ice cream and deserts. The present owner is absentee, involved in an alternative business and cannot maintain responsibility. The facility consists of 3,500 square feet in a newly remolded facility and in an attractive commercial mall. This mall is very active with various businesses which attract a large volume of daily shoppers. This franchise is conveniently located in central NJ on a highly active County road and nearby to various state highways. The restaurant has an excellent location close to numerous suburban communities with a large population that enjoy this food service.
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