Wonderful thirty-year-old deli and butcher with a gross income of $765,723 and a highly popular food business located in an urban area of Hudson County, New Jersey. Owner retiring after many successful years and will finance the sale with a moderate down payment. This deli offers a wonderful menu of hot foods and a full choice of fresh meat and foul. Based on the product the company enjoys a very profitable mark up to the owner. Much of the sales are pickup with a percentage of delivery service is offered. This is a dependable safe business opportunity and based on the price, and yearly net income, this business expects to continue to supply a consistent return on investment to the owner operator.
- Asking Price:
- $225,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- Cash Flow:
- Real Estate:
- Lease Terms:
Lease and terms; this business transaction will offer a new commercial lease which expires 2033-01-01, plus additional options available, with a monthly rent of $3,000, all in, cost per square foot is approximately $18.00 and rent security is required. The owner will also supply an option to purchase the property.
- Leasehold Rent:
$36,000 per annum
- Lease Rent:
- $18 per sq ft per annum
This business opportunity is in northern New Jersey, Hudson County on a highly active commercial avenue.
- Premises Details:
This business facility consists of approximately 2,000 square feet with an attractive appearance, full basement for storage and a commercial kitchen. The business is in a free-standing retail facility conveniently location for its various customers.
- Size in square feet:
- Expansion Potential:
Regarding growth and expansion, the retail company can be further developed by increasing days of operation, improving the local advertising and additional catering. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
- Competition / Market:
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
- Reasons for selling:
The purpose of this business transaction is due to the owner retirement after many years of success in this particular industry.
- Trading hours:
Days Hours of operation; this business is active six days per week, closed Sunday, with hours from 9:00 am to 5:00 pm.
- Regarding employees and payroll; this retail food company consist of six employees who are unaware of the pending sale. The payroll is based on an hourly basis and a weekly base salary, and the staff is fully expected to remain post-closing, monthly payroll expense is approximately $11,000.
- Years established:
- Support & training:
Training and owner support, the owner is fully prepared to remain post-closing and is prepared to supply an appropriate transitional period to purchaser.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
Financing available to be negotiated,
- Furniture / Fixtures value:
- $125,000 - included in the asking price
- Inventory / Stock value:
- $5,000 - included in the asking price