MergerPlace

Convenience/Deli

Not Disclosed, New Jersey


  • Asking Price: $109,000
  • Gross Income: $295,000
  • Cash Flow: $86,914
  • Real Estate: Not Disclosed
  • Inventory: $12,000
  • FF&E: Not Disclosed
  • Listing ID: #201923
  • Established: 32
  • Employees:

Business Description

Profitable C-store/Deli off a main thoroughfare in a safe area. There’s no direct competition for a few miles. Plenty of free street parking right out front. Both owners are planning to retire prompting the sale. “All” Furniture, Fixtures, & Equipment valued @ $20,000 are included in the sale. OTHER INCOME: Lottery $8,000. OTHER EXPENSES: Office Supplies $100. Owner has a deli casing & a slicer, but isn’t presently operating the deli. A new owner could open up earlier & serve breakfast-type food to increase revenue. New qualified tenant should be able to get a long lease term through the landlord. $20,000 was put into wages to cover hiring one worker to cover the wife’s hours. Contact Seth @ 201-317-4710 for additional details & showing.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: New Jersey
Metropolitan Area: Not Disclosed

Company Information

Year Established: 32
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $109,000
Gross Revenue: $295,000
Cash Flow: $86,914
Inventory: $12,000
Seller Financing Available: No

Property Information

Facilities:

Approximately 900 sq. ft., approximately 750 sq. ft. basement. “All” furniture Fixtures & Equipment valued at $ 20,000.00 are included in sale. Most are in very good condition. Full equipment is available upon request. Owners have a month to month lease and are in great standing. New qualified tenant should have no trouble getting along term lease including at least one option.

Growth & expansion opportunities:

The deli section has been temporality shut down. It’s been a bit too difficult for them to operate it on a daily basis. That’s typically due to it being a “one man” operation. New owner can utilize the deli to increase revenue & cash flow. This owner should also sell more types of produce to help boost revenue.

Competition:

There’s only one true Convenience Store/Deli in the entire town & it’s close to 1 mile away. So the store for sale has had very loyal local clients for the 12 years owned. A good percentage of their customers frequented the store going back to the previous owner.

Reason for selling:

The owner will be retiring once the business is sold.

Support & Training:

Owners will provide up to 2 weeks training at no cost to the Buyer.

Contact Business Seller

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Business Listed By:

Seth Kain

Executive Business Brokers