DELI-LOTTO NETS $120,000. DELI320

Price: $300,000

Location: Bergen, New Jersey

Industry: Delicatessen

Listing ID: DELI320

Successful Fast-food Deli, business with option for the property with a gross yearly income of $900,000 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. This industry requires government approval for purchaser due to the liquor license and Lotto license.

Listing Details

Revenue: $900,000

Cash Flow: $120,000

FFE: $145,000 (Included in Price)

Inventory: $25,000 (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.

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.

Ron Cervelli

contactus@regalconsultants.com

Fill Out Our NDA

Contact Us About This Listing

  • Hidden
  • This field is for validation purposes and should be left unchanged.