Price: $174,999
Location: Bergen County, New Jersey
Industry: Delicatessen
Listing ID: DELI332
Sold business opportunity and priced to sell for this nine-year young modern high volume upscale deli with a gross yearly of $769,000 and a $82,500 net yearly income. The menu offers an assortment of foods and deserts to satisfy their customers and they provide meals for breakfast, lunch, and dinner. Their products represent the freshest ingredients, and the profit margins represent a solid return on investment. This is a dependable safe business opportunity and based on the moderate asking price, and owner financing, this transaction expects to supply a consistent and high return to the owner operator.
Listing Details
Revenue: $769,000
Cash Flow: $82,498
FFE: $120,000 (Included in Price)
Inventory: $2,000 (Included in Price)
Reason For Sale:
The purpose of this business transaction is due to the owner’s absenteeism and operates an alternative business out of this immediate area.
Training & Support:
Training and owner support, the owner is fully prepared to remain post-closing for sixty days and will supply an appropriate transitional period to purchaser.
Operation
Year Established: 2015
Days & Hours of Operation: Days Hours of operation; this business is active six days per week, closed Sunday with hours from 9:00 am to 8:00 pm.
Owner Hours Per Week: absentee
Employees: Regarding employees and payroll; this retail deli operation consist of eleven full & part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $24,000 which includes manager.
Absentee Owner?: Yes
Location
Security on Lease: Two months
Lease Option: Yes additional options.
Monthly Rent: $6,349
Type of Location: Commercial Avenue
Square Footage: 1547
Relocatable?: Yes
Facilities Information:
This business opportunity is in northern New Jersey, Bergen County on an active county road and in a commercial mall. This business facility consists of approximately 1,547 square feet with an attractive, and professional appearance and built for high volume production. The location has a customer capacity for approximately thirty customers.
Summary
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 which is included in this sale.
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 food operation can be further developed by increasing the days of operation, improving the advertising as an onsite owner operator. Additionally, the company has a limited non-optimized web site and if adjusted can possibly further develop the business yearly gross sales.
Financing/Terms:
owner and 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.
