Very High Volume Hot Food/ Deli/ C-store

Union County, NJ

Seller Financing Available
Very High Volume Hot Food/ Deli/ C-store

Asking Price:$379,000

Cash Flow:$261,402

Gross Revenue:$1,080,000

EBITDA:N/A

FF&E:$65,000

Inventory:$25,000

Established:9

Very High Volume Hot Food/ Deli/ C-store

Get Financing Save Print Share Valuation Report

Business Description

Nicely-renovated Deli/Hot Food/ Convenience store in a high-traffic area off a long thoroughfare. Plenty of free parking in a lot. Several nearby schools & churches drive many people to this section of town. A lot of local businessmen frequent the store as well. There’s also a lot of “late night” weekend business due to it never closing. FURNITURE, FIXTURES & EQUIPMENT valued at a minimum of $65,000 is included in sale. A new owner could offer some additional “hot food” items to increase profits. OTHER INCOME: Lottery $50,000, ATM 13,200, & Cig Rebates 10,000 = $73,200. A new tenant should get a similar lease situation if they qualify. Contact Seth Kain @ 201-317-4710 for additional details & showings.

Detailed Information

Inventory:
Included in asking price
Employees:
2FT/ 4PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
There’s plenty of free parking in a shared parking lot. It’s in a small strip mall. “All” Furniture, Fixtures and Equipment are in very good condition and are included in the sale. Present owner has approximately (1) year left of his present 10 year lease along with a 10 year option. A new tenant should be able to get a similar lease situation if they qualify.
Competition:
There’s a 7-Eleven a few blocks away. But they don’t offer prepared grilled sandwiches, cheesesteaks, subs, hamburgers, and french fries while you wait. They only offer pre-made sandwiches and boxed pizza. This business prides itself on fresh food and a very large coffee station and a large supply of convenience items.
Growth & Expansion:
A new owner should offer a bit more hot food choices. It’d be a good idea to offer Western Union, MoneyGrams and or Money Darts.
Financing:
Owner is offering financing for up to 36mon. & possibly longer to qualified buyer
Support & Training:
A “minimum” of 2 weeks at no cost to the Buyer.
Reason for Selling:
Other business interests & cannot devote enough of his time to the business

Listing Statistics for Premium Members

Ad#:1281928 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 of Use before responding to any ad.

Contact the Seller

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

Seth Kain

Business Listed By:
Seth Kain

Executive Business Brokers

Show Phone Number

View My Listings


Sponsoring Broker:
Larry Bodner

Find out more...

Get more details about this business.


Similar Listings


Big Whiskey’s American Restaurant & Bar

Franchise Opportunity In NJ
Capital Required: $636,500