Price: $199,899
Location: Hudson County, New Jersey
Industry: Delicatessen
Listing ID: DELI321
Wonderful thirty-year-old deli and butcher with a gross income of $765,723 and a highly popular food business located in an urban area of Hudson County, New Jersey. Owner retiring after many successful years and will finance the sale with a moderate down payment. This deli offers a wonderful menu of hot foods and a full choice of fresh meat and foul. Based on the product the company enjoys a very profitable mark up to the owner. Much of the sales are pickup with a percentage of delivery service is offered. This is a dependable safe business opportunity and based on the price, and yearly net income, this business expects to continue to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $765,723
Cash Flow: $72,000
FFE: $125,000 (Included in Price)
Inventory: $5,000 (Included in Price)
Reason For Sale:
The purpose of this business transaction is due to the owner retirement after many years of success in this particular industry.
Training & Support:
Training and owner support, the owner is fully prepared to remain post-closing and is prepared to supply an appropriate transitional period to purchaser.
Location
Security on Lease: Two Months
Lease Option: Yes additional options.
Monthly Rent: $3,000
Type of Location: Commercial Avenue
Square Footage: 2,000
Relocatable?: Yes
Facilities Information:
This business opportunity is in northern New Jersey, Hudson County on a highly active commercial avenue. This business facility consists of approximately 2,000 square feet with an attractive appearance, full basement for storage and a commercial kitchen. The business is in a free-standing retail facility conveniently location for its various customers.
Summary
Owner Qualifications:
For Qualifications purposes; this business industry does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.
Competition:
Regarding competition, to the best of our knowledge, 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:
Regarding growth and expansion, the retail company can be further developed by increasing days of operation, improving the local advertising and additional catering. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.