Price: $295,000
Location: Somerset County, New Jersey
Industry: Delicatessen
Listing ID: DELI334
Successful Fast-food Deli, business with a gross yearly income of $350,000 which includes discretionary income and a net yearly income of $110,000. Priced to sell for this highly profitable forty-year retail food business with owner financing in a wonderful area of Somerset County New Jersey. This combination deli, mart and Lotto is located in Northern New Jersey on an active county road. The business sales represent breakfast lunch, 80% 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. The 2022 yearly gross income as represented by the owner is approximately $350,000 which includes seller discretionary income, and the business has a yearly net income of approximately $110,000 plus any discretionary income and based on an onsite owner operator and prior to any debt service. The 2023 gross income is projected to be substantially higher. Also, due to the seller’s discretionary income, formal due diligence is recommended by the purchaser.
Listing Details
Revenue: $350,000
Cash Flow: $100,000
FFE: $65,000 (Included in Price)
Inventory: $1,200 (Included in Price)
Reason For Sale:
The owner is retiring after many years in the food industry 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.
Operation
Year Established: 1980
Days & Hours of Operation: The business is active six days per week, with hours from 8:00 am to 5:45 pm.
Owner Hours Per Week: Full Time
Employees: This retail business has two 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 $3,400.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 2,000
Type of Location: Commercial Avenue
Square Footage: 1,550
Relocatable?: Yes
Facilities Information:
The sale includes a fully equipped fast food deli mart with an asset value of $65,000 based on replacement cost of equipment, including a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary equipment to maintain the day-to-day business operation.
