Wonderful opportunity, owner is retiring for this successful deli with a gross yearly sale of $1,362,294 plus discretionary income and a consistent net yearly corporate income of $346,136 for the owner operator. The business income represents 90% pick up and 10% restaurant sales with a moderate cost of goods, representing a substantial mark up to the business. This deli business has a simple philosophy which is to offer fresh ingredients prepared in an authentic manner in a pleasant setting and using only top-quality products. The market & eatery also have a helpful and professional staff of employees. The deli has a successful catering service representing a wonderful menu of popular dishes with a substantial mark up and profit to the deli. Their message is to provide their customers with the best food experience possible, to the best of their ability. This is a dependable solid business opportunity.
- Asking Price:
- $599,900 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,362,294
- Cash Flow:
- $346,136
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
The business has an assignable commercial lease which expires 2038-01-01 plus additional options, with a monthly rent of $2,950, all in, cost per square foot is estimated at $18.75 and rent security of approximately $6.000.
- Leasehold Rent:
-
$35,400 per annum
- Lease Rent:
- $18 per sq ft per annum
- Location:
-
This successful retail Deli & Pizzeria facility, which consists of 1,950 square feet, has an attractive modern appearance. The business is in a mid-size commercial mall with other active businesses and is located on a convenient county road. This opportunity is in Northwestern New Jersey, Hunterdon County, which consists of various affluent communities with continued demand for this industry.
- Size in square feet:
- 1,950
Business Operation
- Expansion Potential:
-
The business presently has a limited marketing plan, basic web site, and no delivery system, and if improved can further develop the business yearly gross sales.
- Competition / Market:
-
No other similar competitors presently exist in the area, and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
- Reasons for selling:
-
The sale is due to the owner’s retirement.
- Trading hours:
-
This successful business operation is active seven days per week, with hours from
11:00 am to 9:00 pm.
- Employees:
- This restaurant has twelve full & part-time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $18,400
- Years established:
- 2010
Other Information
- Support & training:
-
The owner will remain post-closing 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:
-
SBA financing is pre-approved and seller financing is available with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $175,000 - included in the asking price
- Inventory / Stock value:
- $1,500 - included in the asking price
- Relocatable:
- This business can be relocated.
