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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Convenience Store Deli
(Food & Beverage , Retail)
Orange County , NY
Listed Price: $ 350,000
Listing ID: CSTR179

Listing DetailsGross Revenue: $ 960,000
Cash Flow: $ 200,000
FFE: $ 165,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Reason for Sale:

The owner is relocating out of the state due to an alternative business.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.


OperationsYear Established: 1985
Days & Hours of Operation: Mon.-Sun. 6:30am-9pm
Non-owner Payroll: $ 7,000
Employees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 3,360
Square Footage: 1850
Facilities:

This successful retail facility which consist of approximately 1,850 square feet has a clean attractive. The business consists of a free-standing building on an active county road with various other businesses. This opportunity is in Southern New York, Orange County, which consists of highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Highly profitable convenience deli food mart with a yearly gross income of $960,000 plus Lotto & ATM income and a consistent net income to the owner operator. This wonderful business opportunity is located in Southern New York, Orange County on an active county road and convenient to various communities. The business is a combination of grocery store, deli mart and restaurant. They give their customers the freshest products in the most convenient manner with quick drive up service and they offer their customers their favorite grocery brands. In fact, this Mart business has been a convenient last stop on the way home for families for nearly 60 years. Although this Mart has evolved to best serve the needs of today’s busy consumer, their quality brand integrity has remained intact. The Mart provide one-stop shopping, offering a wide variety of grocery and market items including custom-made, subs, sandwiches, wraps, salads, fresh goods and award-winning coffee, served up by excellent locally employees. They offer a full-service grocery store and take pride in carefully selecting the best quality products and they are known in the communities we serve with the highest quality service. For Qualifications purposes, this food service business opportunity / industry does not require government licensing approval to purchase or operate other than the standard municipal food and service licenses. Regarding employees and payroll, this food mart business routinely has four full / part time employees who are unaware of the pending sale. The payroll is based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $7,000. The business transaction has an assignable commercial lease which expires 2029-01-01, plus additional options available, with a monthly rent of $3,360, all in, cost per square foot is estimated at $21.73, and rent security of approximately $5,000. This business opportunity is located in a free stranding commercial facility, on an active county road, consists of approximately 1,850 square feet and has an estimated capacity for twenty-nine customers. The business fixed assets has an estimated value of approximately $165,000 which is specifically based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial retail store, which includes, required licenses, web site, social media venues, displays, shelving, kitchen, refrigeration & freezer units, fire suppression system, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. This successful Deli Mart business operation is active seven days per week, with hours from 6:30 am to 9:00 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The business has been valued / priced at $350,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

Regarding competition, 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.


Potential Growth:

The business can be further expanded by the new operator, with continued good service.


Financing/Terms:

Seller financing is available to a qualified buyer.