Deli On Busy Corner For Sale
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $886117
Net Profit / Cash Flow $243534
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1984
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller Will train
Reason for Sale Personal
Description Profitable Neighborhood Corner Deli in Prime Manhattan Location Open 24 Hours, Delivery, Accepts Credit Cards, Take Out, Catering. Super busy Thursday, Friday and Saturday nights. Besides deli food products, it also sells beer, wine, beverages, cigarettes, snacks, and candy. It houses an ATM, which generates $2,000/month in profit. It also rents out an outdoor fresh flower concession for another $2,000/month (can be taken back by new owner). While there are 900 square feet on the ground level, there are 1800 square feet in the basement, which includes a large walk-in cooler, the owner's office, refrigeration units, and prep space. This deli has been there for 28 years, 14 of which under current ownership. The seller is tired and wants to retire to Florida. Two years ago he put $95,000 into renovations and new equipment. The store is in tip-top shape. Fully permitted hooded exhaust system in operation. This is a turnkey opportunity that you can still put your spin on. Please become a Premium Member at vestedbb.com to receive the name and address of this delicatessen in order to do a quick walk by. Then call or email broker Jay Goldman (561.213.6114) for an appointment to take a full tour and speak with the current owner. In this neighborhood at this price, you would be well-advised to move quickly.
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