Price: $159,900
Location: Hunterdon County, New Jersey
Industry: Delicatessen
Listing ID: FF453
Must be seen to fully appreciate for this wonderful fast food deli luncheonette, owner retiring and will finance this sale. They aim to provide top quality food for both eat in and take out, as well as catering services perfect for any sized party or gathering. As well as fresh, homemade food, we are also a market with imported dried goods, an assortment of olives and cheeses, and gifts. With all of this they hope to bring a bit of the Mediterranean to their customers. The business fixed assets have an estimated value of approximately $85,000 which is specifically based on the equipment and licensing replacement & buildout cost. This transaction consists of a fully equipped commercial fast food Greek Gyro Restaurant which includes a commercial kitchen, refrigeration & freezer units, web site, social media components, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.
Listing Details
Revenue: $375,000
Cash Flow: $65,000
FFE: $75,000 (Included in Price)
Inventory: $2,000 (Included in Price)
Lender Pre-Qualified?: Yes
Reason For Sale:
The purpose of this business transaction is due to the owner’s retirement.
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: 2000
Days & Hours of Operation: The business has shorter hours on weekends; however, this successful retail food business operation is active seven days per week, with hours from 8:00 am to 9:00 pm.
Owner Hours Per Week: Full Time
Employees: Regarding employees and payroll, this fast-food restaurant routinely has three 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.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 2,600
Type of Location: Active commercial Mall
Square Footage: 1,500
Relocatable?: Yes
Facilities Information:
This modern retail facility, which consists of approximately 1,500 square feet, has multiple entrances and a clean attractive appearance. The business is in a mid-size outdoor commercial mall with various other active and successful retail businesses. This opportunity is in New Jersey’s, Hunterdon County consists of various affluent and highly populated communities with continued demand for this industry.
Summary
Owner Qualifications:
For Qualifications purposes, this business opportunity and industry does not require government licensing approval to purchase or operate other than the standard municipal licenses and franchise approval.
Competition:
Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Potential Growth:
The business can be further expanded by improving the local advertising system and web site, which can further develop the business’ yearly gross sales.
Financing/Terms:
Seller financing available
