Fast-food deli & luncheonette business with a 2023 gross yearly income of $350,000, which includes discretionary income, and a net yearly income of $90,400. Priced to sell for this highly profitable forty-year retail food business with owner financing in a wonderful area of Somerset County, New Jersey. This combination deli, mart, and lotto is located in northern New Jersey on an active county road. The business sales represent breakfast, lunch, 75% sandwich, and salad products, which represent a substantial markup to the bottom-line yearly income. This is a dependable business opportunity that can be substantially improved with additional products. The sale includes a fully equipped fast food deli mart with an asset value of $65,000 based on the replacement cost of equipment, including a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, and computers, as well as all the necessary equipment to maintain the day-to-day business operation.
- Asking Price:
- $259,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $350,000
- Cash Flow:
- $90,400
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
This business opportunity will offer a long-term commercial lease, monthly rent of $2,000 monthly all in, cost per square foot is $15.00 rent security two months.
- Leasehold Rent:
-
$24,000 per annum
- Lease Rent:
- $15 per sq ft 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 1,550 square feet on a commercial avenue. The business is in a free-standing commercial facility located in Northern New Jersey, on an active county road and consists of various highly populated urban communities with continued demand for these food products. The facility has a dry allowing substantial storage.
- Size in square feet:
- 1,550
Business Operation
- Expansion Potential:
-
The business presently has a limited marketing plan, no website, 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, and the owner has agreed to supply a non-compete agreement to the purchaser.
- Reasons for selling:
-
The owner is retiring after many years in the food industry and will supply a non-compete agreement for this transaction.
- Trading hours:
-
The business is active six days per week, with hours from 8:00 am to 5:45 pm.
- Employees:
- This retail business has two 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, and the monthly payroll expense is approximately $3,400.
- Years established:
- 1985
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:
-
Seller financing available.
- Furniture / Fixtures value:
- $65,000 - included in the asking price
- Inventory / Stock value:
- $500 - included in the asking price
