Price: $550,000
Location: Hunterdon County, New Jersey
Industry: Delicatessen
Listing ID: deli331
This is a phenomenally successful deli / restaurant with a gross yearly sale of $1,323,339 and a consistent net yearly income of $326,305 to the owner operator. The business income represents 80% pick up and 20% restaurant sales with a moderate cost of goods, representing a substantial mark up to the business. This deli 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. 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 experience possible, to the best of their ability. This is a dependable solid business opportunity.
Listing Details
Revenue: $1,323,339
Cash Flow: $326,304
FFE: $175,000 (Included in Price)
Inventory: $2,999 (Included in Price)
Reason For Sale:
The sale is due to the owner’s retirement.
Training & Support:
The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.
Operation
Year Established: 2005
Days & Hours of Operation: This successful business operation is active seven days per week, with hours from 11:00 am to 9:00 pm.
Owner Hours Per Week: Full Time
Employees: This restaurant has twelve full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $15,400.
Location
Security on Lease: Two Months
Lease Option: Yes additional options.
Monthly Rent: 3,000
Type of Location: Active commercial Mall
Square Footage: 1,950
Facilities Information:
This successful retail Deli & Pizzeria facility which consist of 1,950 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 Northwestern New Jersey, Hunterdon County, which consists of various affluent communities with continued demand for this industry.
Summary
Historical Summary:
This is a phenomenally successful deli / restaurant with a gross yearly sale of $1,100,789 and a consistent net yearly income of $293,000 to the owner operator. The business income represents 80% pick up and 20% restaurant sales with a moderate cost of goods, representing a substantial mark up to the business. This deli 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. 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 experience possible, to the best of their ability. This is a dependable solid business opportunity.
Owner Qualifications:
This food & service industry does not require any specific government licensing approval to purchase or operate other than the appropriate municipal licenses.
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:
seller financing has been approved to a qualified buyer with a 50% down payment, collateral, and credit rating.