MergerPlace

Profitable Deli in Busy and Safe Area

New Jersey


  • Asking Price: $275,000
  • Gross Income: $707,000
  • Cash Flow: $128,000
  • Real Estate: Not Disclosed
  • Inventory: $20,000
  • FF&E: $75,000
  • Listing ID: #210869
  • Established: 50
  • Employees: 3 FT, 3 PT

Business Description

Nicely-renovated Deli/Hot Food/C-Store in a high-traffic, safe area. Several nearby schools & churches drive many people to this section of town. Many area residents have frequented the store going back 40-50 years as it's always been a deli. Plenty of parking - private lot on the side of the building along with several spots right out front. Owner runs it semi-absentee & is selling his business for personal reasons. He'd consider financing a smaller percentage of a sale. OTHER INCOME: Lottery $34,000, Cigarette rebates $12,000, ATM $2,000 = $48,000. FF&E of $75,000 included in sale. New qualified tenant can get a better lease situation with a good chance of 1st option to buy the property. Contact Seth @ 201-317-4710 for additional details & showing.


Business Details

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

Company Information

Year Established: 50
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT, 3 PT

Financial Information

Asking Price: $275,000
Gross Revenue: $707,000
Cash Flow: $128,000
FF&E: $75,000
Inventory: $20,000
Seller Financing Available: Yes

Property Information

Facilities:

1,300 square feet including a basement of a similar size. Private parking lot on the side of this freestanding building with an apartment up top. "All" furniture fixtures & equipment are in very good condition & are included in sale. Present owner has a bit under 7 years left on his lease. A new tenant/owner should be able to get a longer lease situation with a pretty good chace of getting the 1st option to buy the property.

Growth & expansion opportunities:

A new owner should offer more hot food choices. There's one table out front, but, room for at least a couple more. Putting in these tables would be a plus for people wanting to eat immediately during the late spring, summer, & early fall days. Delivering to area customers would be a way to increase sales & profits.

Competition:

There's a 7-11 several blocks away. But, the customers of this listed business are very loyal, many of them going back for many years throuhg one or more previous owners. It's a very tight-knit community with many customers from nearby churchers & schools.

Reason for selling:

Other business interests & spending more time with his family.

Support & Training:

Up to 2 weeks at absolutely no cost to a new buyer.

Contact Business Seller

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Business Listed By:

Seth Kain

Executive Business Brokers