Modern attractive highly successful deli & cafe business with a gross yearly income of $700,000 plus discretionary income and a net yearly income of $127,175. This is a five-day operation with limited hours. Priced to sell for this profitable twenty-year retail food business with owner financing. This combination deli and cafe is in Northern New Jersey in Sommerset County on an active county road and in a modern well known commercial mall with other successful businesses. The business sales product represents basic breakfast and lunch, sandwiches and salad products which represent a substantial markup to the bottom-line and yearly income. This is a dependable business opportunity and should be viewed to fully appreciate. The yearly gross income as represented by the owner is approximately $674,699 plus seller discretionary income, and the business has a yearly net income of approximately $127,175 based on an onsite owner operator and prior to any debt service. Also, the seller is prepared to supply a formal due diligence to the purchaser.
- Asking Price:
- $259,900 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $674,699
- Cash Flow:
- $127,175
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
This business opportunity will offer a long-term commercial lease, monthly rent of $6,346, all in with additional options available.
- Leasehold Rent:
-
$76,152 per annum
- Lease Rent:
- $44 per sq ft per annum
- Location:
-
This long-standing successful retail business which offers deli and mart products is located on a busy county road with lots of drive by vehicles. The general area has a great deal of office buildings with hundreds of companies. The business facility consists of approximately 1,550 square feet with a clean attractive image. The business is in a modern commercial mall located in Northern New Jersey, Sommerset County. The general area consists of various highly populated communities with continued demand for these food products.
- Size in square feet:
- 1,750
Business Operation
- Expansion Potential:
-
The business presently has a limited marketing plan, no website, no advertising, limited hours, and no delivery service, which if adjusted can substantially improve the business’ gross sales.
- Competition / Market:
-
To the best of our knowledge no other new competitors are expected near to this business, and the owner has agreed to supply a non-compete agreement to the purchaser.
- Reasons for selling:
-
The owner is retiring after many years in the food industry and will supply a non-compete agreement for this business transaction.
- Trading hours:
-
The business is Five days per week, with hours from 7:00 am to 5:00 pm.
- Employees:
- This retail business food operation has four full and part-time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $13,000.
- Years established:
- 2000
Other Information
- Support & training:
-
The owner will remain post-closing for 30 days and supply an appropriate training period to the purchaser.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Also, the seller is prepared to supply a formal due diligence to the purchaser.
- Furniture / Fixtures value:
- $145,000 - included in the asking price
- Inventory / Stock value:
- $2,000 - included in the asking price
