It must be seen to fully appreciate this wonderful fast-food deli luncheonette. The owner is retiring and will finance this sale. They aim to provide top-quality food for both eat-in and take-out, as well as catering services perfect for any size party or gathering. As well as fresh, homemade food, we are also a market with imported dried goods, an assortment of olives and cheeses, and gifts. With all of this, they hope to bring a bit of the Mediterranean to their customers. The business fixed assets have an estimated value of approximately $85,000, which is specifically based on the equipment and licensing replacement & buildout costs. This transaction consists of a fully equipped commercial fast-food Greek Gyro Restaurant, which includes a commercial kitchen, refrigeration & freezer units, a website, social media components, a POS system, displays, shelving, tables, computers, a fire suppression system, and all the necessary equipment to maintain the day-to-day business operation. A list of assets will be supplied to purchaser upon request.
- Asking Price:
- $139,000 Inventory / Stock included
- Sales Revenue:
- $350,000
- Cash Flow:
- $65,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The business transaction has an assignable commercial lease which expires 2024-01-01, plus additional options available, with a monthly rent of $2,600 all in, cost per square foot estimated at $19.46, and rent security of approximately $4,000.
- Leasehold Rent:
-
$31,200 per annum
- Lease Rent:
- $20 per sq ft per annum
- Location:
-
This modern retail facility, which consists of approximately 1,500 square feet, has multiple entrances and a clean attractive appearance.
The business is in a mid-size outdoor commercial mall with various other active and successful retail businesses.
This opportunity is in New Jersey’s, Hunterdon County consists of various affluent and highly populated communities with continued demand for this industry.
- Size in square feet:
- 1,500
Business Operation
- Expansion Potential:
-
The business can be further expanded by improving the local advertising system and website, which can further develop the business's yearly gross sales.
- Competition / Market:
-
Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near 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’s retirement.
- Trading hours:
-
The business has shorter hours on weekends; however, this successful retail food business operation is active seven days per week, with hours from 8:00 am to 9:00 pm.
- Employees:
- Regarding employees and payroll, this fast-food restaurant routinely has three employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing.
- Years established:
- 2000
Other Information
- Support & training:
-
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller financing is available.
- Furniture / Fixtures value:
- $75,000
- Inventory / Stock value:
- $1,500 - included in the asking price
