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East End Deli Hot Spot In New York For Sale

New York, US
Asking Price:
$225,000
Sales Revenue:
$600,000
Cash Flow:
$120,000

LISTING ID: 32419

East End Deli, Hot Spot. Price Reduced! Change your life and own a business in one of Long Island's premier waterfront communities. This fabulous deli business has very limited competition and features a wholesale and retail bakery, off-site catering and seating for 49. The business has benefited dramatically from the increased ferry trade on Long Island. Now, there has been a surge of new full-time residents who have fled Manhattan due to Covid. They are staying indefinitely. A new owner can expand business and increase revenue dramatically by opening in the evenings. They are currently open 7 days from 5:30am-3pm. In the past year, the business grossed approx. $600,000.00 with a net profit of approx. $120,000.00. There is room to add beer, lotto, candy, etc. The wholesale bakery is also a diamond in the rough and can be scaled accordingly with the buyer's vision. We are seeking a serious and financially qualified buyer with at least $175K in liquid funds. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Business Operation

Reasons for selling:

Retirement

Employees:
4 FT
Years established:
25

Other Information

Support & training:

Seller will train

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

175,000.00 Down & $50K over negotiable terms for a qualified buyer with experience, good credit and a personal guarantee.

Furniture / Fixtures value:
$10,000
Inventory / Stock value:
$5,000