Price: $269,900
Location: Somerset County, New Jersey
Industry: Delicatessen
Listing ID: DELI343
Fast-food Deli & luncheonette business with a 2023 gross yearly income of $350,000 which includes discretionary income and a net yearly income of $90,400. 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, 75% 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 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.
Listing Details
Revenue: $350,000
Cash Flow: $90,400
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.
Summary
Owner Qualifications:
This food industry does not require state government approval to purchase other than the Lotto license.
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, limited hours, and requires product improvement which can substantially improve the business’ gross sales.
Financing/Terms:
Seller financing available with an appropriate down payment.
