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Delicatessen Caterer For Sale
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $515851
Net Profit / Cash Flow $50724
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1963
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Personal.
Description This deli caterer in upper Manhattan is a neighborhood landmark established in 1957 and maintains its nostalgic feel. 40% of its 2010 revenue of $515,851 came from deli-style catering to a major university, major hospital and public schools in the area. Another 20% came from on-line delivery orders. All financials are verifiable on tax returns. 1200 sq. ft. ground floor accessed from major avenue sidewalk with lots of foot traffic and subway entrance/exit just a few steps away. Recently repaired and spacious basement is used for storage and refrigeration with plenty of room left over for an office. Open Mon-Fri 6am-7pm and Sat-Sun 8am-4pm, a new owner would be wise to keep it open later 7 days a week as there is plenty of evening street life to support it. This deli provides table service seating 28 from 11am-2pm. The community board has already given the go ahead for a beer license, which will add revenues and bring in new customers. 6 years left on the lease with 10 year option to renew. The working partner is willing to stay on as a partner, an employee/manager, or simply move on, but will surely offer support and training. The investing partner, who is a 50/50 owner with working partner, is preparing to move to San Diego and would definitely need to be bought out. Altogether they are looking for $180K down and $120K in seller financing. Make your best offer! Please email or call broker, Jay Goldman, at (561) 213-6114 after initial walk by to set up appointment to tour facilities and meet with owners.
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