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Well Known Luncheonette Deli
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $525000
Net Profit / Cash Flow $90000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1975
Number of Employees 4 - 5
Inventory 150000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training The seller will supply a full training period and remain post closing for 30 days.
Reason for Sale The seller will provide a full transitional period and remain 30 days post closing.
Description Long established Luncheonette & Deli business located on an active county road of northern NJ, Sussex County. The facility is clean modern and attractive with a professional commercial kitchen and indoor & outdoor seating for its customers. The operation is well known offering Breakfast/ Lunch and catering to its loyal customer base and daily travelers with limited hours from 5:00 am to 6:30 pm. The business also offers Lotto, catering, including pick up and takes out service. The sale includes a commercial kitchen, POS system, refrigeration / freezers, lotto approval and all required equipment to operate the business. The building square footage is of 2,000 on the main floor with an indoor capacity for 40 customers and an outdoor seating for an additional 20. The business location has substantial private parking at the facility and part of the commercial lease agreement. The present owners have developed an excellent reputation for many years and have now chosen to retire to Florida. This seven day operation has yearly gross sales of $525,000 which can be further improved with a marketing system. The owner will also provide substantial training to the new operator. This is an excellent opportunity and should be seen to fully appreciate! Based on the asking price, required down payment and net income this business should supply a 15% return to the owner operator prior to debt service.
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