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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Successful Deli/Café
(Food and Beverage , Coffee, Deli, Luncheonette)
Bergen County , NJ
Listed Price: $ 199,000
Listing ID: DELI269

Listing DetailsGross Revenue: $ 447,988
Cash Flow: $ 73,837
FFE: $ 180,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

Owner is semi absentee and has relocated out of the immediate area.


Training & Support:

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


OperationsYear Established: 2006
Days & Hours of Operation: Mon.-Sun. 6am-5pm
Non-owner Payroll: $ 13,300
Employees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 20000
Monthly Rent: $ 5,642
Square Footage: 1900
Facilities:

This successful café bagel business consists of 1,900 square feet and has a modern and attractive appearance. The business is in highly active mid-size commercial mall with various other successful businesses. This opportunity is in Northern New Jersey, Bergen County, which consists of various highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Successful deli and bagel business now available due to the owner’s relocation out of the immediate area. This well-known breakfast/lunch bagel café is known for its wonderful foods and pleasant services. Their customers can choose from their full line of breakfast items, sandwiches, salads, soups, wraps and burgers featuring their own custom blend of specials. They also offer online and delivery services and ensure their customers can make use of this advance order feature so that their food is delivered exactly when they want it. This company has four full time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $13,300. The business has an assignable commercial lease which expires 2037-01-01 plus additional options, with a monthly rent of $5,642, cost per square foot is estimated at $37.66 and rent security of approximately $20,000. The business fixed assets has an estimated value of approximately $180,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped deli, café business. This successful business operation is active seven days per week, with hours from 6:00 am to 5:00 pm. This is a wonderful business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent 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:

Competitors presently exist in the industry 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 poor web site and limited delivery service, if improved can further develop the business yearly gross sales.


Financing/Terms:

Can be available to a qualified buyer with an appropriate down payment.