Deli And Food MartIn Essex County For Sale

Business description

Twenty five year old, high volume Deli and Food market in a
wonderful urban area of Essex County, New Jersey. The
business consistently produces 60% Breakfast & Lunch Deli,
20% Catering 10% C Store and 10% meats. This well known
successful business offers a full menu of products including
breakfast, lunch specials, catering, fresh meats, poultry and
much more. The business has a 2011 gross income of
$1,159,000 and can evidence a yearly net income of
$160,000. The sale includes a long term lease agreement at
a moderate rent cost to the new operator. The business
facility is 3,800 square feet with a clean modern image. The
business has ten full & part time employees who are
expected to remain with the business after the sale. This food
market is very well known in the industry for its excellent
product and stellar service. The sale includes walk in and
various refrigeration units, full kitchen, numerous displays,
counters, large prep area, POS computer system and phone
system, etc. The building has a legal capacity for 108
customers, 3,800 square feet, full basement. The area has
adequate municipal parking conveniently located at this
business. The business is active seven days weekly with
hours from 6:30 am to 6:00 pm. The business has a
municipal food handler s license to serve food to the general
public. The sale includes a long term fifteen year lease
agreement with a yearly rent of $51,600 The business can be
further developed with an improved marketing plan
specifically for additional catering. The owner will offer
financing with an appropriate down payment to a qualified
buyer. This is a solid opportunity with a substantial net
income.

Property information

Premises details:

The facility which consists of 3,800 square feet has a clean modern appearance with lots of storage and refrigeration. The business consists of various departments as needed in an active Deli Market with a large prep area and a private office. Located in an urban area of Essex County, NJ, on an active county commercial avenue with continued demand for this food service.

Business Operation

Expansion potential:

With an improved marketing plan for catering income and longer hours this business can substantially increase the gross sales.

Competition / Market:

No other similar Deli food markets competitors exist in this particular area and seller will supply a non compete agreement to the purchaser.

Reasons for selling:

Relocating out of the area after many years of ownership.

Employees:

10

Years established:

1960

Other information

Support & training:

The seller will remain post closing for thirty days and will supply a full training period.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller financing is available to qualified buyers.

Furniture / Fixtures value:

$175,000 (included in the asking price)

Inventory / Stock value:

$25,000

Related documents:

• 
• NDA