Buy A Business By Auction
You can buy a business by auction and get a great deal. This fast-food restaurant featured in Chatam, N.J., has been thriving even with COVID-19 restrictions. It is being sold by auction and is ready for your inspection. It is essential to do your due diligence before bidding. You must sign a Non-Disclosure to get specific details about the business. You can visit the company and meet with the owner by appointment and permission only. Strict confidentially is necessary because the employees, customers, and vendors are unaware of the sale. Complete your due diligence before bidding. Call 800-905-1213 or email us so we can arrange a visit or answer any questions.
Turnkey Fast Food Restaurant For Sale In Chatham, N.J.
Gross Sales: $290,000
Cash Flow: $77,153
Inventory: $2,500
Rent: $3,600
Year Established: 2015
Business Description:
Buy a business by auction that is turn-key with enormous growth potential. It was established over six years ago and is a local favorite specializing in fast food such as chicken, burgers, hot dogs, wings, etc… The restaurant is strategically located in a popular shopping center that provides high traffic from the nearby college, residential homes, and other commercial retail. The space includes a compact commercial kitchen with a walk-in cooler, freezer, separate dry storage area, etc… A new owner can take advantage of the Build-Out that has already been completed with new tables, a new countertop, a new water heater, and a new fryer. In addition, a new owner will be positioned to start making money on day one with a customer base & trained staff already in place. This business, located in an affluent area of Morris County with an average household income of over $160k, is currently positioned to provide a solid return on investment for a buyer. The seller will provide training for a mutually agreed-upon period to help with a smooth transition.
- Trained Staff in place
- Ready for New Owner to continue generating income on day one
- Fully Stocked – Equipped Kitchen – New Equipment
- Website and social media already built out
Bidding Process
Step 1 Click the link below to sign the NDA digitally.
Step 2: You will be sent detailed information (memorandum) regarding the business.
Step 3 Schedule a meeting to visit the business and meet the owner if it warrants further due diligence.
Step 4 Place a bid for the business.
Step 5: You will be contacted to arrange a 100% refundable earnest deposit of $500 to register your bid. Your earnest deposit will be returned if your bid is not accepted.
Step 6: If you are the winning bidder, you must be prepared to fund the business purchase in 14 days, or the $500 earnest deposit will become non-refundable.
Don’t hesitate to call our office at 800-905-1213 or comment below If you have any questions regarding the auction process, the business, or anything that you need more clarity on.