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6874 - Deli /Convenience

New Jersey (Cape May County)

Retail - Convenience Stores | Retail - Other Food Stores

Asking Price $1,125,000 Inventory  
Gross Income $424,000 Real Estate  
Cash Flow $150,000 Year Established N/A
FF&E N/A Employees N/A

* included in the asking price

** not included in the asking price

This Cape May County Deli & Convenience Store is located just three blocks from the beach in a well-known South Jersey resort community. A large year-round client base as well as extremely busy summer season gives this business year round cash flow. 65% Sandwiches, 20% Convenience and 15% Deli. The price includes the real estate and a large three bedroom apartment, which can be used as a primary residence or as rental income. Owner lives in the apartment, which could be rented out for, they believe, approximately $18,000 per year. New owner/operator could add lottery and outside eating. Cash flow projected is for one full-time owner/operator. There is a November 2007 town assessment on the property for 701,600

Support/Training: 2 Weeks

Reason Selling: Retirement

Business For Sale By

Tannenbaum & Aalok

800-662-9507

Tannenbaum & Mehta

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