|
Food Market & Deli
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $1000000
Net Profit / Cash Flow $125000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1970
Number of Employees 6 - 9
Inventory 175000 Equipment Only
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training The seller will remain post closing for thirty days and will supply a full training period.
Reason for Sale Owner is relocating out of the area after many years of ownership.
Description Food Mart & Deli in a highly populated urban area of Essex County, New Jersey. This successful market offers a full menu of products including breakfast & Lunch, 20% Catering 10% C Store. This well known business also offers fresh meats, poultry and much more. The business has a 2011 gross income of $1,159,000 and can evidence a yearly net income of $120,000. The sale includes a long term lease agreement at a moderate rent cost to the new operator. The business facility is 2,800 square feet with a clean modern image. The business has a full staff of full & part time employees who are expected to remain with the business after the sale. This food market is very well known in the industry for its excellent products and stellar service. The business can be further developed with an improved marketing plan specifically for additional catering. The owner will offer financing with an appropriate down payment to a qualified buyer. Based on the asking price, required down payment and net income this business should supply an 18% return to the owner operator prior to debt service. Please call for further details. The facility which consists of 3,000 square feet has a clean modern appearance with lots of storage and refrigeration. The business consists of various departments as needed in an active Deli Market with a large prep area and a private office.
Click Here To Contact Seller
|
|
