Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
Broker Contact Form
Name

Email

Phone

Comment


Food Mart, Deli w. Lotto
(Food & Beverage , Retail )
Bergen County , NJ
Listed Price: $ 175,000
Listing ID: FMKT171

Listing DetailsGross Revenue: $ 850,000
Cash Flow: $ 125,000
FFE: $ 170,000 (Included in Price)
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
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 $850,000 and a net yearly income of approximately $125,000. 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 retail business routinely has five full / part time employees who are 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 $13,800. 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. This business opportunity has been valued at $175,000 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 $150,000. This is a dependable business opportunity. 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:

May be considered with an appropriate down payment.