Deli Restaurant, Coffee House, & Bakery For Sale
Location Michigan,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1048000
Net Profit / Cash Flow $305000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1993
Number of Employees 10 - 19
Inventory $190,500
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training All staff will most likely stay after the sell. Owner will stay for a reasonable transition to acclimate new owner.
Reason for Sale Other interests.
Description This fine company is a three in one business enterprise consisting of a deli, bakery and coffee house. The company was established in 1993 and has been under current management since 1997. Growth possibilities for this business model are proving to be a highly visible and successful venture.
This deli, bakery and coffee house has average cash flow presently above industry norms. This company has years of profitable P & L's with a great cash flow. They have the honor of holding the title for 10 years running as the ''Best Deli & Sandwich'' from local publications. The building and land is included in the sale.
This well established deli and bakery with 55% of revenues attributable to deli/restaurant sales, 25% to bakery items and 20% to the coffee house sales is poised for dynamic growth for the long term entrepreneur/restaurateur.
All equipment, inventory and a 2004 Ford Delivery Van are included in the asking price.
With Little competition. The customers return because the food is made daily on site. One of the favorites is the potato salad which sells 80-100 lbs per week! They are the only TRUE delicatessen in the city with some of their recipes going back 80 years!
Expanding the menu and hours of operation, plus offering breakfast and doing on-site catering would help to add to the growth of this business.
The 3 buildings are 5,100 sq ft and located on a 1/2 acre lot. They are in good condition with a 200 sq ft office. The 3 buildings are as follows, a deli, a coffee house and a bakery. Owned w/ option to purchase.
Asking $1,425,000
50% owner financing is negotiable.
Contact for more information on this deli restaurant, coffee house, & bakery for sale.
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