Profitable Deli/Convenience Store in Busy Area

Passaic County, NJ

Profitable Deli/Convenience Store in Busy Area

Asking Price:$69,000

Cash Flow:$68,850

Gross Revenue:$280,000

EBITDA:N/A

FF&E:$35,000

Inventory:$25,000

Established:30

Profitable Deli/Convenience Store in Busy Area

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Business Description

Newly renovated Deli/Hot Food/C-store in a high-traffic area. A nearby school & a very large Laundromat drive many people to this section. SALES: Convenience 60%, Deli 25% & Hot Food 15%. Business has been steadily increasing due to 2 new grills, deep fryer, & a new deli casing added within the past year. New owner should offer more hot food items which should increase profits. The store offers several Addt’l services; OTHER INCOME: Lottery 11k, Money Transfers 3,300, ATM 840, & Bill Pay 1,080 = $16,220. FURNITURE, FIXTURES & EQUIPMENT of $35k included in sale. Owner recently got a new (10) year lease. New qualified tenant can get a similar lease situation. $26k added to payroll to account for the owners’ wages being replaced. Contact Seth Kain @ 201-317-4710 for Addt’l details.

Detailed Information

Inventory:
Included in asking price
Employees:
2PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,300 sq. ft. including a similar size basement. “All” Furniture, Fixtures & Equipment are in very good condition. There are a couple of new grills, a new deep fryer & 1 new hot food casing. Good rent situation. Present owner recently got a new 10 year lease. 8 camera security system.
Competition:
There are a couple of nearby grocery stores. This store offers a lot more services. IE: Lottery, Money Transfers & Utility payments.
Growth & Expansion:
A new owner should offer more sandwich choices & also more hot food. Delivery service during certain times of the day would increase profits.
Financing:
No owner financing at this time
Support & Training:
Up to 2 weeks at no cost to the Buyer.
Reason for Selling:
Owner has other business interests & plans to move out-of-state

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Seth Kain

Business Listed By:
Seth Kain

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