Price: $175,000
Location: Middlesex , New Jersey
Industry: Delicatessen
Listing ID: DELI138
Highly successful deli serving Middlesex County New Jersey with yearly gross sales of $732,710 since 1988 and a consist net yearly income. They are a family-owned business with roots in the food business for many years. This local deli is a staple in the community and remained the same consistent neighborhood go to place for Breakfast, Lunch and Catering. They serve the best possible products with a substantial mark up to the owner. Their customers choose from a full selection of breakfast and lunch products and much more. They also offer Catering for any Breakfast, Lunch or Evening meetings. Continental Breakfast, Hot Breakfast Buffet, Fruit Bowls & Platters, Coffee & Tea, Sandwich Platters, Salads, etc. The deli also has contract relationships with nearby companies to supply food products for their employees and customers. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $732,710
Cash Flow: $41,566
FFE: $75,000 (Included in Price)
Inventory: $5,000 (Included in Price)
Form of Ownership:
C Corp
Reason For Sale:
The purpose of this business transaction is due to the owner retirement from this food industry after many years of success.
Training & Support:
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Operation
Year Established: 2000
Year of Last Acquisition: 2014
Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, with hours from 9:00 am to 6:00 pm, shorter hours for weekends.
Owner Hours Per Week: Full Time
Non-Owner Payroll: $14,599
Employees: Regarding employees and payroll, this retail company consists of four full- & four-time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $14,600.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 2500
Type of Location: Commercial Avenue
Square Footage: 1100
Relocatable?: Yes
Facilities Information:
This business opportunity is in northern New Jersey, Middlesex County on a highly active county avenue with dozens of other successful retail businesses. This business facility consists of approximately 1,100 square feet with an attractive, and professional appearance. The business is in a free-standing retail facility conveniently location on a commercial avenue for its various customers. The business has substantial municipal parking in the area of this business and has a customer capacity for thirty customers.
Summary
Historical Summary:
This is a thirty-year-old full-service delicatessen.
Owner Qualifications:
For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.
Competition:
Regarding competition, to the best of our knowledge, 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:
Regarding growth and expansion, the retail company can be further developed by improving the marketing and local advertising specifically for catering and delivery service. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
Also, SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
