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High End North Shore Deli In Suffolk County For Sale

Suffolk County, New York, US
Asking Price:
$475,000
Sales Revenue:
$1,800,000
Cash Flow:
$200,000

Landmark Deli. Affluent N Shore location. Price Reduced! Over 15 years in business! This is “The place” for the local neighborhood and several surrounding towns. They have the numbers to prove it. In the past year the business grossed approx. $1,800,000.00 with an owner’s cash flow of approx. $200,000.00. There are not many places that can boast numbers like this. It is a traditional deli making all the classics, plus high-end catering. Unfortunately, one of the partners recently passed away and that is the reason for the sale. You must come visit discreetly and taste for yourself. The business is fully equipped and fully staffed with 9 FT and 6 PT employees. The space is 1,500 sf. with a long term lease possible for a well-qualified buyer. The current rent is $7,800/mth. The seller may consider seller financing for a well-qualified buyer with food service experience, good credit and a personal guarantee. We are seeking a serious and financially qualified buyer with at least $350K in liquid funds to cover a down payment. Proof of funds will be requested before any buyer seller calls or meetings. All meetings must be made by appointment only!

Business Operation

Reasons for selling:

Partner passed away.

Employees:
9FT/6PT
Years established:
2008

Other Information

Support & training:

Seller will train

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

350,000.00 Down & $125K over 4 yrs.@ 6%.

Furniture / Fixtures value:
$450,000
Inventory / Stock value:
$20,000