DELI-LOTTO NETS $110,000. DELI322

Price: $299,900

Location: Bergen County, New Jersey

Industry: Delicatessen

Listing ID: DELI322

Successful Fast-food Deli, business with option for the property with a gross yearly income of $860,000 which includes discretionary income and a net yearly income of 120,000. Priced to sell for this highly profitable forty-year retail. This combination deli, mart and Lotto is located in Northern New Jersey in Bergen County on an active county road. The business sales represent 90% sandwich and salad products which represent a substantial markup to the bottom-line yearly income. This is a dependable business opportunity which can be substantially improved with additional products.

Listing Details

Revenue: $800,000

Cash Flow: $110,000

FFE: $125,000 (Included in Price)

Inventory: $5,000 (Included in Price)

Reason For Sale:

The owner is relocating into an alternative family business not in the general area and will supply a non-compete agreement for this transaction.

Training & Support:

The owner will remain post-closing for 30 days and supply an appropriate training period to the purchaser.

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 6,000

Type of Location: Commercial Avenue

Square Footage: 2,000

Relocatable?: Yes

Facilities Information:

This long-standing successful retail business which offers deli, mart, lotto, and mart products is located on a busy avenue with lots of drive by vehicles. The business facility consists of approximately 2,000 square feet with a clean attractive image. The business is in a free-standing commercial facility located in Northern New Jersey, Bergen County, on an active county road and consists of various highly populated urban communities with continued demand for these food products. The facility has a huge dry basement with ten-foot ceiling allowing substantial storage.

Summary

Owner Qualifications:

This industry requires government approval for purchaser due to the liquor license and Lotto license.

Competition:

To the best of our knowledge no other new competitors are expected near to this business, due to the unavailability of additional liquor licenses 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, 1% liquor sales, limited hours, and requires product improvement which can substantially improve the business gross sales.

Financing/Terms:

Owner financing is available.

Ron Cervelli

contactus@regalconsultants.com

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