Hot Listing
Deli Restaurant
Business Description
$25,000 down payment with appropriate terms. Highly successful deli serving Middlesex County New Jersey with yearly gross sales of $432,710 since 1988 and a consist net yearly income. Seller financing with moderate down payment down payment. They are a family-owned business with roots in the food business for many years. This local deli is a staple in the community and remains the same consistent neighborhood go to place for Breakfast, Lunch and Catering. They serve the best possible products with a substantial mark up to the owner. Their customers choose from a full selection of breakfast and lunch products and much more. They also offer Catering for any Breakfast, Lunch or Evening meetings. Continental Breakfast, Hot Breakfast Buffet, Fruit Bowls & Platters, Coffee & Tea, Sandwich Platters, Salads, etc. The deli also has contract relationships with nearby companies to supply food products for their employees and customers. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Regarding employees and payroll, this retail company consists of four full- & four-time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $14,600. Lease and terms; this business transaction will offer an assignable commercial lease which expires 2035-01-01, plus additional options available, with a monthly rent of $3,471, cost per square foot is approximately $27.00 and rent security is required.
About the Business
- Years in Operation
- 45
- Number of Employees
- 3
- Facilities & Assets
- This business opportunity is in northern New Jersey, Middlesex County on a highly active county avenue with dozens of other successful retail businesses. This business facility consists of approximately 1,150 square feet with an attractive, professional appearance. The business is in a free-standing retail facility conveniently location on a commercial avenue for its various customers. The business has substantial municipal parking in the area of this business and has a customer capacity for thirty customers.
- Market Outlook / Competition
- Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement with the purchaser.
- Opportunities for Growth
- Regarding growth and expansion, the retail company can be further developed by improving the marketing and local advertising specifically for catering and delivery service. Additionally, the company has a limited non-optimized web site and if adjusted it can further develop the business yearly gross sales.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,150
- Rent
- $2,475.00 per month
- Lease Expiration
- 1/1/2035
About the Sale
- Seller Motivation
- Relocating out of the US
- Transition Support
- Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to the purchaser.
- Financing Options
- Also, SBA bank financing is available for this transaction and seller financing may b
Listing Info
- ID
- 2333325
- Listing Views
- 1602
Listing ID: 2333325 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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