MergerPlace

Asset Sale! Growing Deli

New Jersey (Passaic)


  • Asking Price: $69,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: $40,000
  • Listing ID: #206509
  • Established: 4
  • Employees: 2 P/T

Business Description

ASSET SALE!! Nicely-renovated Deli with a luncheonette flair in a modern strip mall. Plenty of parking. There’s no direct competition for at least 2 miles. Sole owner has his own business (self-employed) & can’t devote the time to build up this deli. An owner-operator can take it to a considerably higher level. FURNITURE, FIXTURES, & EQUIPMENT of $40,000 & a minimum of $3,000 in Inventory is included in sale. Average weekly gross sales are approx. $1,800 with COGS of approx. $450 which includes an extensive catering menu. Lottery machine is coming soon. Base rent $2,300, CAM & Taxes $805 = $3,105 per month plus water. New qualified tenant can get a lease assignment & possibly another 5 year option. Contact Seth @ 201-317-4710 for additional details & showing.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: New Jersey
County: Passaic

Company Information

Year Established: 4
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 P/T

Financial Information

Asking Price: $69,000
FF&E: $40,000
Inventory: $3,000
Seller Financing Available: Yes

Property Information

Facilities:

1,616 square feet. All Furniture, Fixtures, & Equipment are in very good condition & are included in the sale. There’s plenty of free strip mall parking in this more modern plaza. Owner received a brand new (5) year lease with a (5) year option. A new tenant has a good chance to get a 2nd (5) year option based on credit worthiness.

Growth & expansion opportunities:

The Owner is now awaiting getting a lottery machine, which will increase his cash flow. He plans to expand his deli menu, while also bringing in more grocery-type items.

Competition:

There’s no direct area competition for at least 2 miles. The deli in that location doesn’t offer as many hot food & catering items & has much less seating.

Reason for selling:

The Owner has his own business (self-employed). He doesn’t have enough time to devote to this business.

Support & Training:

2 weeks of training at no cost to the Buyer.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Seth Kain

Executive Business Brokers