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The Wall Street Journal Online

Attractive Deli w/Seating

New Haven County, Connecticut

Photo Available
Asking Price:
$160,000
Gross Income:
$285,000
Cash Flow:
$85,000
EBITDA:
N/A
FF&E:
$45,000.00 *
Inventory:
$2,500.00 **
Real Estate:
N/A
Year Established:
1985
Employees:
2
Business Types:
Other Eating & Drinking Places
Restaurants

** not included in the asking price

* included in the asking price

Business Description

Business is an attractive deli with seating for 24 located in an upscale town. Facility is about 1,400 sq.ft. with a relatively small kitchen consisting of a six burner range, reach-in freezer, walk-in refrigerator, slicing machine, panini machine, etc., but no fryolator. About 60% of space is reserved for seating, all tables, no counter service. Business has been in existence for many years and while some competition exists the charming physical setting no doubt contributes to its past and present success. Sales have run in the $300,000 range in recent years and owner income runs in the $80,000 to $90,000 range after expenses. Business will be of interest to a husband/wife team working in safe, pleasant surroundings with reasonable hours and an additional opportunity to expand operations in the catering area.

Detailed Information

Facilities:
Business has 1,400 sq.ft. with seating for 24 at tables and a modest size kitchen with a 6-burner range with grille & broiler plus walk-in cooler and freezer.
Competition:
Competition exists but this business has existed for many years and has a strong clientele.
Growth/Expansion:
Extended hours and the addition of catering offer sales growth opportunities. Many offices and schools exist in the region.
Support/Training:
Owner will provide required training although an experienced purchaser will be an advantage.
Reason Selling:
Owner has long experience in the restaurant business and is looking for a break.
Contact Seller

Broker Information

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Business For Sale Listed By

Bob Capozzi
VR Business Brokers/Venture Group Partners
203-878-0554

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Ad#: 479259

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