Premier Northern NJ Italian Deli/Caterer and Bakery for Sale

Sale Pending

Asking Price$980,000

Cash Flow
$594,198
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,019,721

InventoryNot Disclosed

FF&E$350,000
Included in asking price
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Premier Northern NJ Italian Deli/Caterer and Bakery for Sale


Sale Pending

Asking Price$980,000

Cash Flow
$594,198
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$2,019,721

InventoryNot Disclosed

FF&E$350,000
Included in asking price

Seller Financing Available
Business Description
This establishment has been serving the local community for two decades. The current owners purchased the business nearly ten years ago, and have grown the business over 200%. The successful growth of the business can be attributed to the focus on quality, with the end customers always in mind.

Aside from being recognized as a top bakery and pastry shop in NJ, the business is also a delicious and successful Italian deli. Items offered include Wedding/Custom Cakes, Italian cookies and pastries, bread/rolls, breakfast, soups, salads, sandwiches, various deli meats and pizza. Catering is also a service offered which includes traditional Italian food trays and appetizers.

True to the core of the business, revenue is comprised approximately 65% from baked goods and 35% from the deli/foods. Cookies and pastries tend to be the most popular products sold. This is a retail establishment, not currently offering wholesale of product.

The standard level of working capital required is $30K-40K.

Most business comes from word-of-mouth, given the highly quality products and service offered.

Both owners/partners work full-time in the business, with one owner focused strictly on baking and the other owner focused on the Cake decorations, helping with baking as required. One partner will transition out of the business as soon as possible, while the other partner is willing to stay on as an employee.
About the Business
Years in Operation
21
Number of Employees
33
Opportunities for Growth
Advertising, expansion of space or to another location, and offering wholesale of products are areas of opportunity to grow the business.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,700
Rent
$6,514.00 per month
About the Sale
Seller Motivation
One Partner's Retirement
Transition Support
One partner will exit as soon as possible, while the other partner may even consider staying on longer-term as an employee.
Listing Info
ID
2360351
Listing Views
966

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Business Listed by: Michael Janis Business Brokers Plus

Listing ID: 2360351 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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