Profitable Delicatessen & Meat Market in Desirable Neighborhood For Sale

Business description

This recently renovated Market located in a very desirable neighborhood offers a wide range of high quality gourmet meats, cooked goods and other foods. Many products are custom; fresh meats, frozen and packaged products with unique brands not easily available elsewhere are a draw to local residents, and return customers. The 2,800 square foot facility offers Beer, Wine and other grocery type goods. An Owner operator could very easily add: Fresh Fish, Produce, Flowers, Gift Baskets etc. This is a divorce forced sale. This is great turnkey opportunity is a real Money Maker and is priced to move!
SALES: $821,897
CASH FLOW: $253,000
ASKING PRICE: $285,000

Property information

Real Estate:

Lease

Lease terms:

LEASE TERM: Two (2) years remaining on the lease with one Five (5) year option.
BASE RENT: $4,670 NNN per month

Leasehold rent:

$56,040 per annum

Location:

Metro West in a very desireable neighborhood

Premises details:

This is a storefront facility with excellent visibility and high traffic counts. The space is approximately 2,800 square feet with a 2,800 square foot basement. The facility has plenty of refrigeration. The basement also contains walk-ins and plenty of storage space.
CONDITION: The building and restaurant are in Very good condition.
PARKING: There is dedicated parking and plenty of on street parking.
EQUIPMENT: The equipment has been well maintained and is of good quality.
LEASE TERM: Two (2) years remaining on the lease with one Five (5) year option.
BASE RENT: $4,670 NNN per month
CONCEPT: Delicatessen & Meat Market
HOURS: 8:00AM – 4:00PM. (but can be open much longer hours) Closed Monday & Saturday
RESTRICTIONS: None
LICENSES: Beer & Wine Retail, tobacco license, Common Victual’s

Size in square feet:

2,800 s/f

Other information

Expansion potential:

The sales numbers are from the Meat Market the grocery side of the business is virtually untapped.

Competition / Market:

Market/Outlook: There is very little direct competition.

Support & training:

Training will be provided

Reasons for selling:

Divorce

Trading hours:

8:00 AM - 4:00 PM Closed Saturday and Monday

Furniture / Fixtures value:

$80,000 (included in the asking price)

Inventory / Stock value:

$5,000