Price Reduced! Profitable Deli & Catering Business. Open 5 1/2 Days/Wk

Suffolk County, NY

Seller Financing Available
Price Reduced! Profitable Deli & Catering Business. Open 5 1/2 Days/Wk

Asking Price:$325,000

Cash Flow:$200,000

Gross Revenue:$860,000

EBITDA:N/A

FF&E:$100,000

Inventory:$7,500

Established:2006

Price Reduced! Profitable Deli & Catering Business. Open 5 1/2 Days/Wk

Get Financing Save Print Share Valuation Report

Business Description

What an opportunity for a deli operator! This business is an opportunity for an entrepreneur to acquire an established & profitable busy store in a heavily trafficked commercial area, at a reasonable price. The store closes at 4 PM on weekdays, is open for a half day on Saturdays, and closed on Sundays and normal business holidays! The owners have another food establishment and are only placing this store on the market to restrict employment obligations below those of the recent health care legislation.

While normally deli's offer lotto, cigarettes and beer, the store presently only sells food products.The business is located in a business community that is being further developed by the local government. The store is presently operated by professional managers as the owners focus their attention on their other food operation. While they have assembled a professional staff and would be willing to employ anyone displaced by the acquisition, it is expected that a dedicated owner operator would be able to increase sales, particularly catering business.

In addition to a brisk breakfast & lunch business to local employees and businesses, the deli provides catering for commercial and residential events.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
4 FT/11 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The deli is fully equipped (kitchen, refrigerated display cases, etc) and is located in a prime location in small strip center, occupying approximately 1,800 square feet, with an upstairs office and storage area. Ownership signed a ten (10) year lease, with a ten (10) year option to renew in January of 2006 (effectively leaving about 12 years on the existing lease, which may be assumed with the landlords consent). The present lease includes a rent escalation of 3% a year and a provision that the option can be exercised with a rent escalation of 4% a year and the tenant paying 30% of tax increases over the 2005/2006 base year. The lease also provides the tenant with the right of first refusal to purchase the property.
Competition:
Store is located in busy commercial area, with 2 other delis nearby.
Growth & Expansion:
Store is in a developing commercial area. Ownership is operating this store essentially absentee, with managers on staff, and believes that a “hands-on” owner operator would be able to pay closer attention to this business to increase sales and profitability. The store only sells food products and sales can be increased by adding lotto, cigarettes and beer to customers, as well as increasing the stores operating hours. The community is developing a master plan to bring even more business into the area, which bodes well for business growth in the future.
Financing:
Seller will consider financing to qualified buyer.
Support & Training:
Seller will remain for sufficient period of time to facilitate business transfer to new owner
Reason for Selling:
Other business interests. New health care legislation.

Listing Statistics for Premium Members

Ad#:1047239 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Angelo A. Ferrara

Business Listed By:
Angelo A. Ferrara

Rapt Enterprises Inc.

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

Find out more...

Get more details about this business.


Similar Listings


Teriyaki Madness

Franchise Opportunity
Capital Required: $400,000