Price: $259,900
Location: Somerset, New Jersey
Industry: Delicatessen
Listing ID: DELI342
Modern attractive highly successful deli & cafe business with a gross yearly income of $700,000 plus discretionary income and a net yearly income of $127,175. This is a five-day operation with limited hours. Priced to sell for this profitable twenty-year retail food business with owner financing. This combination deli and cafe is in Northern New Jersey in Sommerset County on an active county road and in a modern well known commercial mall with other successful businesses. The business sales product represents basic breakfast and lunch, sandwiches and salad products which represent a substantial markup to the bottom-line and yearly income. This is a dependable business opportunity and should be viewed to fully appreciate.
Listing Details
Revenue: $674,699
Cash Flow: $127,174
FFE: $146,000 (Included in Price)
Inventory: $2,000 (Included in Price)
Form of Ownership:
C Corp
Reason For Sale:
The owner is retiring after many years in the food industry and will supply a non-compete agreement for this business transaction.
Training & Support:
The owner will remain post-closing for 30 days and supply an appropriate training period to the purchaser.
Operation
Year Established: 2000
Days & Hours of Operation: The business is Five days per week, with hours from 7:00 am to 5:00 pm.
Owner Hours Per Week: Full Time
Non-Owner Payroll: $13,000
Employees: This retail business food operation has four full and 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 $13,000.
Managers: No
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: 6,346
Type of Location: Commercial
Square Footage: 1750
Relocatable?: Yes
Facilities Information:
This long-standing successful retail business which offers deli and mart products is located on a busy county road with lots of drive by vehicles. The general area has a great deal of office buildings with hundreds of companies. The business facility consists of approximately 1,550 square feet with a clean attractive image. The business is in a modern commercial mall located in Northern New Jersey, Sommerset County. The general area consists of various highly populated communities with continued demand for these food products.
Summary
Historical Summary:
This food industry does not require any particular state government approval to purchase or maintain other than the standard municipal food licenses.
Owner Qualifications:
This food industry does not require any particular state government approval to purchase or maintain other than the standard municipal food licenses.
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 non-compete agreement to the purchaser.
Potential Growth:
The business presently has a limited marketing plan, no website, no advertising, limited hours, and no delivery service, which if adjusted can substantially improve the business’ gross sales.
Financing/Terms:
. Also, the seller is prepared to supply a formal due diligence to the purchaser.
