High-Volume Well-Established Friendly’s - Metuchen, NJ!

Asking Price$179,000

Cash Flow
$110,342
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$761,687

Inventory$10,000
Not included in asking price
FF&E$150,000
Included in asking price
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High-Volume Well-Established Friendly’s - Metuchen, NJ!


Asking Price$179,000

Cash Flow
$110,342
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$761,687

Inventory$10,000
Not included in asking price
FF&E$150,000
Included in asking price
Business Description
An iconic brand serving a mouthwatering classic American menu of signature entrees, burgers, sandwiches & hand-crafted, specialty ice cream for over 80 yrs. 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.

Full service. Breakfast, lunch, dinner & dessert. Dine-in, takeout & 3rd party delivery. Also catering, make-your-own sundae kits & family meals. And a new loyalty program.

Plus, Friendly’s recently updated their POS system to Revel which has a lot more capabilities such as cloud based, digital, tablets for servers & more.

Friendly’s has been built around families & founded upon ice cream. A franchise dedicated to quality in all that they do. Every meal is freshly made offering delicious new dishes & 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 & flavors.

Their vision & mission is "to be the leading casual restaurant/ice cream shoppe & premium retail ice cream brand...known for operations excellence, great food, famous ice cream shoppe desserts, sparkling clean facilities, prompt friendly service & dedicated people...resulting in outstanding customer loyalty & 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 2 consecutive years of positive same store sales. Plus, digital mix is up from 15% to 40%.

Well established location for over 47 years!

Prime retail space in a freestanding building on Middlesex Ave, a main thoroughfare lined with businesses and restaurants, plus surrounded by many homes.

Also, down the street from SportsPlex at Metuchen, Live Love Skate Academy, Vidas Park and a large shopping center anchored by a Whole Foods Market.

Perfectly situated just off the I-287 and Route 27 interchange!

Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, complete the short Contact Form or call the EatZ Broker on the right for more information. Showings by appointment only outside of business hours.

Listed By Nicole Rayborn at EatZ & Associates
About the Business
Years in Operation
47
Number of Employees
13
Franchise
This business is an established Friendly's franchise
Facilities & Assets
Leased space $9,923/mth gross. Current lease expires Aug 2027 with one 8-year option.

Square Feet: 2,400.

Seating: 75 Inside.

Days/Hrs of Operation: Su-Th 11a-9:30p & Fr-Sa 11a-10:30p.

Owners Role: Currently has a manager in place.

# Of Employees: 5 Full-Time & 8 Part-Time.
Website
https://eatz-associates.com/
Market Outlook / Competition
A friendly place for families to enjoy a meal together. Famous for their homemade ice cream. Best kids’ menu in America!

A popular & much-loved brand. As one of America’s most cherished ice cream shops, Friendly’s has been a part of millions of family occasions for decades along the East Coast. Currently there are a total of 104 Friendly's restaurants in 11 states with plans to open more. And with newly remodeled restaurants, new menus and drive-thru opportunities, there has never been a more exciting time to become a part of Friendly’s!
Opportunities for Growth
Serving up ice cream and delicious fun since 1935, America’s favorite family restaurant is excited to support future development of the brand. This will allow for more world-class support and position Friendly’s for long-term growth. The focus moving forward will be geared towards innovation, marketing and technology with plans to introduce new food and ice cream offerings, bright new restaurants and unique ways to reach & satisfy guests!
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,400
Rent
$9,923.00 per month
Lease Expiration
8/31/2027
About the Sale
Seller Motivation
Multiple businesses.
Transition Support
Two weeks on-site training and @ an approved training store.
Financing Options
No.
Listing Info
ID
2374931
Listing Views
956
Business Location

Contact Seller

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Business Listed by: Nicole Rayborn EatZ & Associates

Listing ID: 2374931 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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