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Deli Shop & Eatery Combo W/fantastic Food! (17848) For Sale

Cleveland, Ohio, US
Asking Price:
$395,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,188,001
Cash Flow:
$200,558

Situated within a suburb of Cleveland in Ohio, delicatessen specializes in a wide array of meats, cheeses and fresh prepared sandwiches and deli items, as well as served restaurant items, beer & wine, and local catering. Able to rebound from the effects of 2020’s recession by remaining focused on quality products, Revenues for 2022 reached $1,188,001 alongside Discretionary Earnings of $200,558 and is approaching Gross Sales up to $1.2M for 2023. Working from a prime retail facility totaling over 4,000 square feet with an indoor occupancy rating of 120 patrons, plus a patio for 24, store is in a long-standing shopping center and highly visible. A combined restaurant is found in excellent condition, well-established in the geographic market. Immense opportunities for taking business to the next level are present, such as increasing marketing and pushing their van-operated catering services to other counties and utilizing their full liquor license to install a bar within the eatery. Experienced personnel of 27 nonunion employees are likely to stay post-sale and continue streamlined functions after a smooth transitioning period. While the seller is typically present at the business, it is not entirely necessary. As promotional efforts only include verbal referral sources and adverts in the newspaper, potentials exist to further company growth via online engagement, launching a website, and with regional partnerships. Thanks to top ratings, a reputation for large portions and top-quality ingredients, and a substantial following of repeat customers and “usuals” the company offers flexibility for optimizations to retain command over the market with low impact on profits. Financials based on an independent evaluation!

Property Information

Real Estate:

Lease

Size in square feet:
4,000+/-

Business Operation

Reasons for selling:

Approaching retirement and/or pursuing other interests.

Trading hours:

Tuesdays to Sunday 8AM - 8PM.

Employees:
27 nonunion.
Years established:
1987

Other Information

Support & training:

Smooth Owner Transition period to acclimate buyer.

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

Negotiable up to 20% for the right buyer.

Furniture / Fixtures value:
$416,886 - included in the asking price
Inventory / Stock value:
$9,000 - included in the asking price