Profitable Suburban Deli With Proven Location For Sale

Business description

Profitable suburban Deli with highly visible site and below market lease rate on the North Shore. Step into this established and turnkey opportunity with proven location. The current Cash Flow is approximately $95,000 per year. This is run by an absentee owner which offers a great opportunity for an Owner/Operator to build on a strong existing business.
SALES: Approximately $453,000
CASH FLOW: Approximately $95,000 (run with absentee owner)
PRICE: $165,000

Property information

Real Estate:

Lease

Lease terms:

LEASE TERM: Five (5) year lease with two Five (5) year option.
BASE RENT: $1,800 per month

Leasehold rent:

$21,600 per annum

Location:

Strong Location with excellent visability public transportation

Premises details:

This is a storefront facility with excellent visibility and high traffic counts. The space is approximately 800 square feet with an 800 square foot basement which contains an office and storage. The space has 10 seats and a functional layout.
CONDITION:The building and restaurant are in good condition.
PARKING: On street parking
EQUIPMENT: The equipment has been well maintained and is of good quality.
LEASE TERM: Five (5) year lease with two Five (5) year option.
BASE RENT: $1,800 per month
CONCEPT: Deli & Catering Facility
SEATING: Approximately 10 seats
HOURS: 7:00AM – 7:00PM (Closed on Sundays)

Size in square feet:

800 s/f

Other information

Expansion potential:

Could add more seating and open up on Sundays. Catering could be grown as well.

Support & training:

Training will be provided

Reasons for selling:

The owner has multiple restaurant locaitons and is spread to thin.

Trading hours:

7:00 AM - 7:00 PM Monday - Saturday

Owner financing:

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

Financing available:

Financing Available to qualifed buyers

Furniture / Fixtures value:

$75,000

Inventory / Stock value:

$5,000