Convenient Store Deli & Lotto
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $450000
Net Profit / Cash Flow $115000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2000
Number of Employees 1 - 3
Inventory 125000 Equipment Only
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Seller will supply a full transitional period to the new operator and will remain post closing for sixty days.
Reason for Sale Retiring after many successful years in this particular industry.
Description Popular Deli Food Mart in an urban City of Hudson County, New Jersey home of the Red Bull Arena and The Red Bulls International Soccer Team. This ten year old food business has a gross income of $450,000 and a consistent net yearly income of $115,000 to the owner operator and will supply a 45% return on investment to the purchaser. The business has $27,000 net income from Lotto & $5,000 net from bus tickets. The business is operational six days weekly, offers a menu of basic deli foods, sandwiches, drinks and Lotto. The owner is retiring after many successful years, will train and finance the sale to a qualified buyer. The business is active six days per week, (closed Sunday), hours 7:00 am to 8:00 pm. The facility has a full kitchen which can be further developed with an improved menu. The seller owns the real estate, will offer a long term lease at a reasonable rent with an option to purchase the real estate. The facility consists of 1,400 square feet in an attractive clean setting with substantial municipal parking. The facility which is on a busy avenue has lots of shelving & storage. The business is located in an active urban city of Hudson County, NJ with a large population and a great deal of shoppers and workers. The business is located near an active train station with numerous other commercial businesses that attract commuters.
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