MergerPlace

14 Year Family Business

Virginia (Fairfax)


  • Asking Price: $120,000
  • Gross Income: $169,209
  • Cash Flow: $7,143
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $90,000
  • Listing ID: #211841
  • Established: 2004
  • Employees: 1 PT

Business Description

This is an outstanding deli with a great location and consistent 4 to 5-star reviews across popular social media platforms. This deli has been in a busy, active, well-maintained shopping center for the last 14 years. There is a wide variety of shopping, dining and leisure activities in this complex. The deli is a 100’ from a major theater entrance, about 100’ from a Starbucks location and around the corner from a sports complex. Hence, this center has a very high occupancy rate over the last ten years. The rent is under $5000 per month with 30 seats inside and five covered patio tables outside. They have a beer and wine license. The present owner has owned the business for three years using the same menus including an extensive catering menu. The catering has not been properly utilized because the owner had no prior food experience and is not sales oriented.

For 2016 food costs were 53.6% of the $172,514 revenue and in 2017 food costs were 44.1% of the $169,209 revenue. Importantly the industry average for food costs are closer to 30% and the owner believes his COGS should be more like 32%. This change would positively impact owner benefits.

Of interest, the prior owner had revenues of $387,521, $335,385 and $271,734 and with food cost of 39.7% and 36.7% and 38.9% respectively and the owner benefits were about $63,073, $41,722 and $44,368 with no adjustments of the Cost of Goods Sold.

There is substantial room for growth by utilizing an advertising and marketing campaign, expanding the catering business and optimizing food costs.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Virginia
County: Fairfax

Company Information

Year Established: 2004
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 PT

Financial Information

Asking Price: $120,000
Gross Revenue: $169,209
Cash Flow: $7,143
FF&E: $90,000
Inventory: $10,000
Seller Financing Available: Yes

Property Information

Facilities:

This deli has been in a busy, active, well-maintained shopping center for the last 14 years. There is a wide variety of shopping, dining and leisure activities in this complex. The deli is a 100’ from a major theater entrance, about 100’ from a Starbucks location and around the corner from a sports complex. Hence, this center has a very high occupancy rate over the last ten years. The rent is under $5000 per month with 30 seats inside and five covered patio tables outside. The lease is negotiable.

Growth & expansion opportunities:

There is substantial room for growth by utilizing an advertising and marketing campaign, expanding the catering business and optimizing food costs.

Competition:

There are other eating options in the area and a competitive business environment. Loudoun and Fairfax county are two of the richest and fastest growing counties in the U.S. The deli industry is increasing at approximately 4% and is reflected in the area.

Reason for selling:

The owner would like to pursue semi-retirement.

Support & Training:

Will train for 4 weeks @ $0 cost. This deli creates exceptional food using authentic Italian ingredients. The food is made to order and fresh to the customer. In addition to Italian specialties they offer other sandwiches, subs, salads, a variety of sides and popular “combo meals”. The deli has a liquor license and besides the typical drinks they also offer beer and wine. Additionally, they have a retail area offering Italian products, beer and wine for sale. The current owner has maintained the same menu from the previous ownership and there is an extensive catering menu. The ability to manage the day to day restaurant flow as well as optimize the business financials is required.

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:

Fred Walker

Murphy Business Brokers