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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Food Mart/Deli with Lotto
(Food & Beverage , Retail)
Bergen County , NJ
Listed Price: $ 275,000
Listing ID: FMKT168

Listing DetailsGross Revenue: $ 900,000
Cash Flow: $ 145,000
FFE: $ 170,000 (Included in Price)
Inventory: $ 20,000
Reason for Sale:

The owner is relocating into an alternative larger business.


Training & Support:

The owner will remain post-closing for 30 days and supply a training period satisfactory to the purchaser.


OperationsYear Established: 1996
Days & Hours of Operation: Mon.-Sun. 8am-6pm
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 4500
Monthly Rent: $ 4,500
Square Footage: 2000
Facilities:

This long standing highly successful retail business which offers deli, food mart and liquor products is located on a busy avenue with lots of drive by vehicles. The business facility is consisting of 2,000 square feet with a clean attractive image. The business is in a free-standing commercial store located in Northern New Jersey, Bergen County, on an active county road and consists of various highly populated communities with continued demand for this food service.


SummaryBusiness Description:

Highly profitable forty-year-old food market which has a gross yearly income of $900,000 and a net yearly income of $145,000. This combination deli, mart and Lotto is located in Northern New Jersey in Bergen County on an active county road. The business food offerings consist of all the favorite products including deli products which represent a substantial markup to the net yearly income. This industry requires government approval for purchaser due to the Lotto approval. This business opportunity has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $4,500, rent per square foot $27.00 and rent security $4,500. The sale includes a fully equipped deli mart with an asset value of $170,000 based on replacement cost of equipment, including a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary equipment to maintain the day to day business operation. The business is active seven days per week, with hours from 8:00 am to 6:00 pm. This business opportunity has been valued at $275,000 based on a multiple of the net yearly income along with the value of the assets and seller financing is available to a qualified buyer. There is also a distribution liquor license available for sale, for an additional $175,000. This is a dependable business opportunity and based on the asking price, required down payment and yearly income, this business expect to supply a solid investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.


Competition:

To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan to develop off premise catering which can further improve the business bottom line corporate income.


Financing/Terms:

Is available to a qualified buyer with an appropriate down payment.