Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Deli & Grill Restaurant
(Food & Beverage , Coffee, Deli, Luncheonette)
Burlington County , NJ
Listed Price: $ 295,000
Listing ID: DELI276

Listing DetailsGross Revenue: $ 700,000
Cash Flow: $ 101,000
FFE: $ 120,000 (Included in Price)
Reason for Sale:

Sale is due to partnership separation.


Training & Support:

The owner will remain after-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: 2008
Days & Hours of Operation: Mon.-Sun. 6am-6pm
Non-owner Payroll: $ 3,100
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 7000
Monthly Rent: $ 3,500
Square Footage: 1500
Facilities:

This combo deli and restaurant business facility consist of approximately 1,500 square feet and has an attractive modern retail image. The retail business is on a commercial avenue with lots of available parking. The business is in a single unit commercial property in Central New Jersey, Burlington County, which consists of highly populated communities and a substantial number of corporate companies doing business in this general area.


SummaryBusiness Description:

Solid business opportunity for this highly successful deli and grill located in an active community with many corporate companies who require this food service. This deli has a gross income of approximately $700,000 yearly, also lotto and ATM net income of approximately $20,000, and a consistent net yearly income of $101,000 based on an onsite owner operator. This Deli has been a family-owned business serving Burlington County since 1969, has fed generations of customers over its five decades and has maintained the same high-quality and standards they are known for today. It’s a neighborhood store that feeds its people well and remains a weekly staple. This is a wonderful business opportunity. This deli business consists of six full / part time employees who are unaware of the pending sale. The payroll is primarily based on a weekly salary and committed basis, the staff is fully expected to remain post-closing, and the weekly payroll expense is approximately $3,100. The business transaction will offer a new fifteen-year commercial lease which will expires 2033, plus additional options available, with a monthly rent of $3,500, cost per square foot is estimated at $24.00 and rent security of approximately $7,000. This deli operation is active seven days per week, with hours from 6:00 am to 6:00 pm, later on certain nights to 9:00 PM. The business has been valued / priced at $295,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing is available 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, it is our understanding 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, presently has a limited marketing plan, owner absentee, no local advertising, no web site, limited deliver and catering and if improved can further develop the business yearly gross sales.


Financing/Terms:

Seller financing is available to qualified buyers.