Successful Fast-food Deli, business with option for the property with a gross yearly income of $900,000 which includes discretionary income and a net yearly income of 120,000. Priced to sell for this highly profitable forty-year retail. This combination deli, mart and Lotto is located in Northern New Jersey in Bergen County on an active county road. The business sales represent 90% sandwich and salad products which represent a substantial markup to the bottom-line yearly income. This is a dependable business opportunity which can be substantially improved with additional products.
- Asking Price:
- $300,000 Furniture / Fixtures included
- Sales Revenue:
- $900,000
- Cash Flow:
- $120,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
This business opportunity will offer a long-term lease, $6,000 monthly all in.
- Leasehold Rent:
-
$72,000 per annum
- Location:
-
This long-standing successful retail business which offers deli, mart, lotto, and mart products is located on a busy avenue with lots of drive by vehicles. The business facility consists of approximately 2,000 square feet with a clean attractive image. The business is in a free-standing commercial facility located in Northern New Jersey, Bergen County, on an active county road and consists of various highly populated urban communities with continued demand for these food products. The facility has a huge dry basement with ten-foot ceiling allowing substantial storage.
- Size in square feet:
- 2,000
Business Operation
- Expansion Potential:
-
The business presently has a limited marketing plan, no website, 1% liquor sales, limited hours, and requires product improvement which can substantially improve the business gross sales.
- Competition / Market:
-
To the best of our knowledge no other new competitors are expected near to this business, due to the unavailability of additional liquor licenses and the owner has agreed to supply a non-compete agreement to the purchaser.
- Reasons for selling:
-
The owner is relocating into an alternative family business not in the general area and will supply a non-compete agreement for this transaction.
- Trading hours:
-
The business is active seven days per week, with hours from 8:00 am to 6:00 pm.
- Employees:
- The business presently has a limited marketing plan, no website, 1% liquor sales, limited hours, and requires product improvement which can substantially improve the business gross sales.
- Years established:
- 1955
Other Information
- Support & training:
-
The owner will remain post-closing for 30 days and supply an appropriate training period to the purchaser.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Owner financing is available.
- Furniture / Fixtures value:
- $145,000 - included in the asking price
- Inventory / Stock value:
- $25,000
