Successful thirty-year-old high-volume Deli and catering business located in the Jersey City-Bayonne, New Jersey in a highly populated area of Hudson County.
The business has a gross yearly income of $ 1,575,000 and a consistent net yearly income of $211,376 based on an onsite owner. This is a highly profitable, well-known retail business with a wonderful reputation which can be further developed with a motivated owner-operator. This deli has an excellent menu and services a substantial population of this active community.
This operation maintains a very profitable catering and delivery service and has the ability to expand with an improved marketing system. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a continued return on investment to the owner-operator prior to debt service. The 2022 yearly gross income as represented by the owner is estimated at $1,522,000 and the business has a yearly net income of approximately $211,376 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2023 income is $1,592,700 with a further increase in the net yearly income. A formal due diligence is recommended by the broker.
The business fixed assets have an estimated value of approximately $125,000 which is based on the replacement cost, representing equipment, licensing, etc. The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial retail operation, which includes, required municipal & state licenses, web site, social media venues, a full commercial kitchen, shelving, a POS system, tables, a computer, and software including all the necessary equipment to maintain the daily business operation and a list of assets will be supplied to purchaser upon request.
