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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Deli Luncheonette
(Food & Beverage , Coffee, Deli, Luncheonette)
Passaic County , NJ
Listed Price: $ 69,000
Listing ID: DELI274

Listing DetailsGross Revenue: $ 187,000
Cash Flow: $ 45,000
FFE: $ 45,000 (Included in Price)
Reason for Sale:

The purpose of this business transaction is due to the owner’s retirement.


Training & Support:

The owner’s family 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: 2002
Days & Hours of Operation: Mon.-Sun. 5am-3pm
Non-owner Payroll: $ 2,800
Employees: 1
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 2,800
Square Footage: 1300
Facilities:

This commercial deli and luncheonette is in a retail mall on an active state highway and consist of approximately 1,300 square feet with an attractive appearance. The business is in a mid-size commercial mall with various other active businesses. This opportunity is in Northern New Jersey, Passaic County, which consists of many businesses and highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Owner retiring due to a health issue after many years in this food service industry. The business is on an active highway with thousands of drive by vehicles. The price has been set very aggressively based on fair market value. This deli consists of one full time employee who is 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 $3,100 prior to payroll tax. The business transaction will offer a new commercial lease which expires 2029, plus additional options available, with a monthly rent of $2,800, cost per square foot is estimated at $29,00 and rent security of approximately $5,000. The business operation is active seven days per week, with hours from 5:00 am to 3:00 pm. The business has been valued / priced at $69,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. 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 a marketing plan, advertising, delivery service and a web site which would further develop the business yearly gross sales.