High Volume Deli For Sale
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $848000
Net Profit / Cash Flow $120788
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1970
Number of Employees 4 - 5
Inventory 210000 Equipment & 2500 Inventory
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training The seller is prepared to offer a full training period and remain thirty days post closing.
Reason for Sale Retirement after many successful years in the industry.
Description Highly successful Deli offering a full menu of products and a complete line of food and meats. This food business with limited hours from 10:00 am to 6:00 pm offers breakfast, lunch and a huge menu of deli and meat products which include hot sandwiches, soups and catering. The sale includes various refrigeration units including multiple walk in boxes, POS
system, a full commercial kitchen and a large array of equipment required for this particular industry. The facility has a capacity for 42 customers, 2,200 sq ft, one main floor, no basement. The facility has substantial private parking on site and part of the lease agreement. The business requires a consistent inventory amount of approximately $25,000. The
business is operational seven days per week with hours from 10:00 am to 6:00 pm. The sale includes a municipal Certificate of Occupancy for this particular location. The new owner will obtain a 15 year commercial lease with a yearly rent of $48,200. The present business has an experienced staff of employees, unaware of the pending sale and expected to remain post closing. The business has a gross income of $848,000 and a 2011 net yearly income of $120,788. The sale includes a long lease at a modest rent and an option to purchase the real estate. The facility is clean, attractive and very well maintained. The seller is retiring after many successful years and will supply owner financing, an option to purchase the real estate and train the new operator.
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