Price: $135,000
Location: Middlesex County, New Jersey
Industry: Delicatessen
Listing ID: DELI140
Modern deli fast food restaurant in a wonderful area of Middlesex County, New Jersey. The business had a 2021 gross income of $799,600 with an excellent return on investment with an onsite owner operator. The company was recently purchased by an absentee owner which reflects the reduced income. This is now an asset sale. The equipment was upgraded and designed for high-volume production. The owner is now absentee, the income has now been reduced, which reflects the moderate reduced selling price. The deli offers a full menu of products including Gelato & Ice cream with a substantial markup. This is a dependable safe business opportunity and based on the asking price this business expects to supply a consistent return on investment to the new owner operator.
Listing Details
Revenue: $300,000
Cash Flow: $55,000
FFE: $125,000 (Included in Price)
Inventory: $1,000 (Included in Price)
Reason For Sale:
The purpose of this business transaction is due to owners absenteeism.
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: 2018
Days & Hours of Operation: Days Hours of operation; this business is active six days per week, (Monday) with hours from 6:00 am to 4:00.
Employees: Regarding employees and payroll, this retail company consists of six 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 $18,000.
Managers: yes
Absentee Owner?: Yes
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 2,400
Type of Location: Active commercial Mall
Square Footage: 2,500
Relocatable?: Yes
Facilities Information:
This business opportunity is in northern New Jersey, Middlesex County on an active county road. This business facility consists of approximately 1,500 square feet with an ultra-modern, attractive, and professional appearance. The business is in a commercial mall with various other retail companies and conveniently location for its various customers.
Summary
Historical Summary:
This is a three-year-old full-service Deli Fast Food.
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 are included in this transaction.
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. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
To be considered.
