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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Restaurant/Deli Nets $180k
(Food & Beverage , RES)
Hunterdon County , NJ
Listed Price: $ 350,000
Listing ID: REST637

Listing DetailsGross Revenue: $ 1,028,000
Cash Flow: $ 181,000
FFE: $ 170,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The sale is due to the owner’s relocation into a larger business opportunity.


Training & Support:

The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2014
Days & Hours of Operation: Mon.-Sun. 11am-9pm
Non-owner Payroll: $ 14,000
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 2,600
Square Footage: 1600
Facilities:

This successful retail Deli & Pizzeria facility which consist of 1,600 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 North Western New Jersey, Hunterdon County, which consists of various affluent communities with continued demand for this industry.


SummaryBusiness Description:

This is a highly successful restaurant / deli / pizzeria with a gross yearly sale of $1,028,000 and a consistent net yearly income to the onsite owner operator. The business income represents 70% deli/restaurant mart and 30% pizzeria sales with a moderate cost of goods, representing a substantial average mark up to the business. The 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 including hormone free, grass-fed beef 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 & dining experience possible, to the best of their ability. This company has five full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $14,000. The business has an assignable commercial lease which expires 2027-01-01 plus additional options, with a monthly rent of $2,600, cost per square foot is estimated at $18.75 and rent security of approximately $5,000. The business fixed assets has an estimated value of approximately $170,000 which is based on equipment and licensing replacement cost. This successful business operation is active seven days per week, with hours from 11:00 am to 9:00 pm. The business has been valued at $350,000 with $150,000 down payment which is based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 33% investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

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.


Potential Growth:

The business presently has a limited marketing plan, basic web site, and no delivery system, if improved can further develop the business yearly gross sales.


Financing/Terms:

Is available with a down payment of $150,000.