DELI CONVENIENCE & OWNER FINANCING

Price: $159,000

Location: Middlesex County, New Jersey USA

Industry: Delicatessen

Listing ID: DELI301

Extremely popular deli lunch convenience business available to purchase which includes the option for the real estate with three rental incomes. This long-standing profitable deli has a consistent gross income of $315,633 and a dependable net income to the owner operator. This is a corner property with convenient private parking. The owner will consider some secondary financing to a qualified buyer. 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. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate other than the standard municipal approvals.

Listing Details

Revenue: $315,633

Cash Flow: $57,000

FFE: $85,000 (Included in Price)

Inventory: $2,500 (Included in Price)

Form of Ownership:

C Corp

Terms and Conditions?:

The 2019 yearly gross income is $315,633 and the business has a yearly net income of approximately $57,800 based on an onsite owner operator and prior to any debt service. The property consists of three rentals the deli and a two second-floor residential unit and the total yearly rent is $64,800. The business has been valued / priced at $159,000 based on a multiple of the net yearly income and real estate, which includes the business assets. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Reason For Sale:

The sale is due to the owner’s retirement after many years in the food industry.

Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.

Operation

Year Established: 1975

Year of Last Acquisition: 2010

Days & Hours of Operation: This successful deli business operation is active six days per week, with hours from 6:00 am to 2:00 pm.

Owner Hours Per Week: Full Time

Employees: This company has four full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the yearly payroll expense is approximately $85,000.

Location

Security on Lease: $3,000

Lease Option: Lease and terms, the business transaction will offer a commercial lease which expires 2030-01-01, plus additional options available, with a monthly rent of $3,000 cost per square foot is estimated at $29.00 and rent security of approximately $3,000.

Monthly Rent: $3,000

Type of Location: Commercial

Square Footage: 1,250

Relocatable?: Yes

Facilities Information:

This deli business facility consists of approximately 1,225 square feet and in a free-standing commercial building on a highly active county road. This opportunity is in Northern New Jersey, Middlesex County, and the general area consists of a great deal of drive by vehicles and many highly populated communities with continued demand for this product and service.

Ron Cervelli

contactus@regalconsultants.com

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