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BUSINESSES FOR SALE

If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   New Jersey Businesses For Sale Categories   >>   

Popular Deli Restaurant And Bagel Store

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $700000
Net Profit / Cash Flow  $101980
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1949
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Leased
Reason for Sale  Other business interests.
Description  This popular kosher style deli/restaurant for sale has been a fixture in a prominent town for more than 60 years. The restaurant has recently added a full breakfast service including home-made muffins and bagels, a variety of cream cheese spreads and a selection of delicious breakfast sandwiches to meet customer demand. It draws a continuous stream of customers (including some celebrities) due to its prime location on the best commercial block in town. Year-to-year sales have been consistent for the last several years. This business is a 7-day per week operation with catering and delivery already established. The dining area has seating for 40 customers, and there is a full basement with 10 coffin freezers. The rent is low in comparison with the surrounding properties, and annual increases are 3%. 5 years remain on the current lease with 2 5-year options, and the lessee has the first right of refusal to buy the building during the entire lease. Best of all a new business owner needs to guarantee the lease personally for only 2 years. An owner operator can restructure the payroll to achieve a higher cash flow. A low-mileage van (5,000 miles) is also available in addition to the asking price. This is an opportunity you do not want to miss, so make your inquiry to see it for yourself!
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