Seller Financing Available
Gross Revenue: $1,010,903
* not included in asking price.
Deli / Catering Biz
Owner retiring for this highly successful well-known Deli / Catering business offering a full menu of products and a complete line of food products. This is a wonderful twenty-five-year-old food mart deli business with limited hours from 9:00 am to 6:00 pm and offers breakfast, lunch and a full menu of hot food products including hot sandwiches, soups, and fresh meats and catering. The business has a gross income for 2015 of $$1,010,903 and yearly net income of $173,000. This facility is clean, attractive and very well maintained. The seller will remain post closing for a full transitional period and will supply owner financing to a qualified purchaser. Based on the asking price, required down payment and net income this business will supply a 30% return to the owner operator prior to debt service. The sale includes a fully turnkey food mart deli including various refrigeration units, multiple walk in boxes, POS system, a full commercial kitchen and a large array of equipment required for this particular food service industry. The facility has a capacity for 24 customers, 1,800 square feet, one floor, no basement. The facility has substantial private parking on site and part of the lease agreement. The business requires a consistent inventory amount of approximately $20,000. The business is operational seven days per week with hours from 10:00 am to 6:00 pm. The sale includes a municipal Certificate of Occupancy for this particular location and a food license to supply the products. The new owner will obtain a 15-year commercial lease expires 01/01/2030 with a monthly rent of $5,000 and rent security of $5,000. The present business has six experienced employees, unaware of the pending sale and expected to remain post closing, monthly payroll is approximately $12,000. The seller has priced the business aggressively at fair market value, with owner financing, this is an excellent opportunity to own a highly successful long standing deli mart business. The business 2015 gross income is $1,010,903 and a yearly net income of $173,000. The business has been valued at $425,000 based on the multiple of the cash flow plus the value of the assets, and financing is available to a qualified buyer, Term 20 years, 5-year balloon, 6% interest. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Inventory: Not included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: The business is located in a well-known commercial area of Warren County, NJ on an active county road and close to US Highway 78 and Route State Highway 22. The business services various surrounding communities in the New Jersey and Pennsylvania Area. This commercial facility consists of 1,800 square feet in a mall setting with private parking as part of the lease agreement. The business facility has a front and rear entrance for customers walk in and product delivery. The facility has prep areas and kitchen required for the preparation for the various products.
Competition: To the best of our knowledge, no other new delis are expected in this particular area and seller will supply a non-compete agreement.
Growth & Expansion: The business sales can be expanded with longer hours, an active web site and with an improved marketing plan to further develop the catering income.
Financing: Seller financing is available to qualified buyers.
Support & Training: The seller is prepared to offer a full training period and remain thirty days’ post-closing.
Reason for Selling: The seller is relocating south after may years of success.
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