MergerPlace

Best Sub Shop in a Bustling Town!

New Jersey (Union)


  • Asking Price: $299,000
  • Gross Income: $319,875
  • Cash Flow: $32,059
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $45,000
  • Listing ID: #209995
  • Established: 46
  • Employees: 4PT

Business Description

Very profitable "landmark" Deli in a high-traffic, safe area. It's been a deli in the same location for 46 years. There's only one competitor in the real immediate area. Though, the sub quality is much less. Great reviews on Yelp & Facebook. Plenty of free parking out back & on a side street as well. Owner's retiring prompting the sale. "All" Furniture, Fixtures & Equipment valued @ +/- $45,000 & Salable Inventory of $5,000 minimum are included in sale. Financials are more reflective of the 2017 tax return figures. A deal will be contingent upon a buyer getting a satisfactory lease thru landlord. Contact Seth @201-317-4710 for additional details & showing.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New Jersey
County: Union

Company Information

Year Established: 46
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4PT

Financial Information

Asking Price: $299,000
Gross Revenue: $319,875
Cash Flow: $32,059
FF&E: $45,000
Inventory: $5,000
Seller Financing Available: Yes

Property Information

Facilities:

900 square feet. All Furniture, Fixtures & Equipment are in good condition & are included in sale. Present owner has a month to month lease. A new tenant can try to negotiate a brand new satisfactory lease with the landlord.

Growth & expansion opportunities:

A new owner should strongly consider opening up until 2pm or 3pm on Sunday’s. It’d be a plus to deliver to a local merchants & area residents as well. Some advertising would help - offering discounts.

Competition:

There are three chain subs in the same town & several others. They’re all at least (1) mile away. This sub shop has existed for 46 years due to its high quality, & isn’t a chain sub shop

Reason for selling:

Single owner plans to retire once business is sold

Support & Training:

Owner will provide (2) full weeks of training to a new business owner.

Contact Business Seller

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Business Listed By:

Seth Kain

Executive Business Brokers