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Phat Platters Halal Restaurant For Sale

Paramus, NJ (Bergen County)

Phat Platters Halal Restaurant For Sale
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Asking Price: $350,000

Cash Flow: $156,000

Gross Revenue: $528,000

EBITDA: N/A

FF&E: $750,000

Inventory: $5,000

Rent: $6,000 /Month

Established: 2017

Phat Platters Halal Restaurant For Sale

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Business Description

Turn Key Fully Operational Business For Sale...very popular in Paramus

Looking for a stable and steady set income? Collect a minimum of 7k/mo sitting at home managing a fully functional restaurant. With so much potential to grow into a franchise (which I've been approached to do). Unfortunately for me, this was a side business for me, and I'm unable to take it to the next level. I'm interested in somebody taking this franchise and disrupting the "halal" platters industry for life!

Detailed Information

Location:
Paramus, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
3/1/2022
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5 Yr Lease with 5 Yr renewal option. Signed in 2017, lease expires 2022, with 5 year option to renew. 14 Parking spots. 2 Griddles, 2 Gyro Machines, 2 Freezers, 1 Walk in Cooler, 3 prep tables with refrigerators underneath. Equipment included in price. Rent is $6k/month, 1600sqft. Strip Mall.
Competition:
Closest competition for Halal cuisine is 5.6 miles away
Growth & Expansion:
A new concept in the restaurant industry, this concept can be easily replicated and grown into a multi restaurant national franchise
Support & Training:
30 Days of support and training will be provided by seller at no cost
Reason for Selling:
Planning to move to Houston, Texas.
Franchise:
This business is an established franchise
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Business Listed By:
basit memon

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