Price: $599,900
Location: Hunterdon County, New Jersey
Industry: Delicatessen
Listing ID: DELI336
Owner is retiring for this successful deli with a gross yearly sale of $1,346,294 plus discretionary income and a consistent net yearly corporate income of $346,136 for the owner operator. The business income represents 90% pick up and 10% restaurant sales with a moderate cost of goods, representing a substantial mark up to the business. This deli business has a simple philosophy which is to offer fresh ingredients prepared in an authentic manner in a pleasant setting and using only top-quality products. The market & eatery also have a helpful and professional staff of employees. The deli has a successful catering service representing a wonderful menu of popular dishes with a substantial mark up and profit to the deli. Their message is to provide their customers with the best food experience possible, to the best of their ability. This is a dependable solid business opportunity. The business fixed assets have an estimated value of approximately $175,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped deli pizzeria which includes a commercial kitchen, fire suppression system, freezers, refrigeration units, displays, shelving, POS system, tables, computers, software 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: $1,362,294
Cash Flow: $346,135
FFE: $170,000 (Included in Price)
Inventory: $2,000 (Included in Price)
Reason For Sale:
The sale is due to the owner’s retirement.
Training & Support:
The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.
Operation
Year Established: 2010
Days & Hours of Operation: This successful business operation is active seven days per week, with hours from 11:00 am to 9:00 pm
Owner Hours Per Week: Full Time
Employees: This restaurant has twelve full & part-time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $18,400
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 3,200
Type of Location: Active Commercial Businesses
Square Footage: 1950
Relocatable?: Yes
Facilities Information:
This successful retail Deli & Pizzeria facility, which consists of 1,950 square feet, has an attractive modern appearance. The business is in a mid-size commercial mall with other active businesses and is located on a convenient county road. This opportunity is in Northwestern New Jersey, Hunterdon County, which consists of various affluent communities with continued demand for this industry.
Summary
Competition:
No other similar competitors presently exist in the area, and 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 presently has a limited marketing plan, basic web site, and no delivery system, and if improved can further develop the business yearly gross sales.
Financing/Terms:
SBA financing is pre-approved and seller financing is available with an appropriate down payment, collateral
