MergerPlace

Very Profitable Deli/C-Store

New Jersey (Bergen)


  • Asking Price: $289,000
  • Gross Income: $645,800
  • Cash Flow: $169,060
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #217898
  • Established: 52
  • Employees: 2

Business Description

Nicely-renovated Deli/Hot Food/C-store in a high-traffic, very safe area. Several nearby schools & churches drive many customers 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 out front. Sole owner runs the store & is looking to retire as he’s been in this business for over 30 years. OTHER EXPENSES: Security Service $440, Pest Control $300, Grease Trap $240, Grill Cleaning $200, & Office Supplies $160 = $1,340. OTHER INCOME: Lottery $37,500 & ATM $6,000 = $43,500. New qualified tenant can get the same great lease situation. Contact Seth Kain @ 201-317-4710 for additional details.


Business Details

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

Company Information

Year Established: 52
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2

Financial Information

Asking Price: $289,000
Gross Revenue: $645,800
Cash Flow: $169,060
Seller Financing Available: Yes

Property Information

Facilities:

1,200 square fee including a basement of approximately 1,050 square feet. Private parking lot on the side of this free-standing building. Several spots right out front. "All" Furniture, Fixtures & Equipment valued +/- $75,000 are in very good or new condition included in sale. The present owner has 9 1/2 left on a 10-year lease with 5 option years. New qualified tenant can get a full (15) years through the existing landlord.

Growth & expansion opportunities:

There's presently one table our front, but room for at least one maybe two more. Putting these tables would be a plus for people wanting to eat immediately during the warmer times of the year. Some local advertising would be a plus letting potential customers know the deli now offers Uber Eats delivery service.

Competition:

There's a 7-11 a few blocks away. Though the customers of this listed business are very loyal, many of them go back for many years through other previous owners. It's a very tight-knit community with many customers from nearby schools & churches. There's traffic court taking place on Thursdays bringing in a much higher volume of weekday customers on that day.

Reason for selling:

The sole owner plans to retire after 30+ years in the business.

Support & Training:

A minimum of (2) weeks at no cost to the buyer.

Contact Business Seller

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Business Listed By:

Larry Bodner

Executive Business Brokers