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Deli With Limitless Opportunity
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1352000
Net Profit / Cash Flow $244100
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1979
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training As needed.
Reason for Sale Retiring.
Description This Deli for sale is a limitless opportunity for an operator to come in and turn this into the homerun of long island! This store is already a gold mine by its nature and historical location and customer base. This store has a fully functionally bagel production center with a 8 tier bagel oven, kettle, proofers, 3 walk in boxes, but it was never known as a bagel store ..it's known for its terrific breakfast and gourmet lunch trade....Paninis, grilles items, burgers, hot and cold sandwiches, wraps and its 12 foot hot display with chopped salad bar and catering menu. The landlord owns the store and is selling with a rent price of 9k monthly BUT IT INCLUDES: 1)the vacant store adjacent to the deli 1,200 sq feet that has 14k in architectural plans to (approved by the town) construct a pizzeria and join the two stores int pizza/ deli or construct the pizzeria and sell it separately and collect rent to yourself as a sublease 2) you can lease the store vacant for appx $3-4k and let a tenant do whatever they want 3) there is a second floor that has 2-3 vacant apartments that can be rented as all sublets to the new owner ultimately lowering your rent to appx under $3-4k monthly for the deli.... this is an opportunity for for an operator in the business already with a few dollars that can create a gold mine. this store could add lotto, do deliveries advertise as a bagel store and become a wholesale bagel distributor... the deli closes at 4pm....can add $8k weekly by staying open till 6-7 pm
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