Very Profitable Deli/C-Store in High Traffic Area

Bergen County, NJ

Seller Financing Available
Very Profitable Deli/C-Store in High Traffic Area

Asking Price:$309,000

Cash Flow:$141,155

Gross Revenue:$710,000

EBITDA:N/A

FF&E:$55,000

Inventory:$30,000*

Established:50

*not included in asking price.

Very Profitable Deli/C-Store in High Traffic Area

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Business Description

Nicely renovated Deli/Hot Food/C-store in a high-traffic, safe area. Several nearby schools & churches drive many people to this section of town. Many area residents have frequented the store going back 40-50 years as it’s always been a deli. Plenty of parking - private lot on the side of the building along with several spots right out front. Owner is retiring prompting the sale. New owner should offer more hot food items - should increase profits. OTHER INCOME: Lottery 40,000, Cigarette rebates 6,000, ATM 2,500 = $48,000. FURNITURE, FIXTURES, & EQUIPMENT of $55,000 included in sale. Owner recently got a new (5) year lease with a (5) year option. New qualified tenant can get a similar lease situation. Contact Seth Kain @ 201-317-4710 for additional details & showing.

Detailed Information

Inventory:
Not included in asking price
Employees:
1 FT, 4PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,300 sq. ft. including a basement of a similar size. Private parking lot on the side of this free standing building. Several spots right out front. “All” Furniture, Fixtures & Equipment are in very good condition & are included in sale. Present owner has a 5 year lease with 4 ½ years left along with a 5 year option. A New tenant can at least 9 ½ years in total & possibly a full 10 years if qualified.
Competition:
There’s a 7-11 several blocks away but customers of this listed business are very loyal; many of them going back for many years through one or more previous owners. It’s a very tight-knit community with many customers from nearby churches & schools.
Growth & Expansion:
A new owner should offer more hot food choices. There’s one table out front but, room for at least a couple more. Putting in these tables would be a plus for people wanting to eat immediately during the late spring, summer & early fall days. Delivering to area customers would be a way to increase sales & profits.
Financing:
Owner financing is available. All terms are negotiable.
Support & Training:
Up to 4 weeks at no cost to the Buyer.
Reason for Selling:
Owner is retiring

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Seth Kain

Business Listed By:
Seth Kain

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Larry Bodner

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