14 Year Family Deli Business - Unbeatable Location

Herndon, VA (Fairfax County)

Seller Financing Available
~ Italian Deli Favorites ~
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Asking Price: $120,000

Cash Flow: $7,143

Gross Revenue: $169,209

EBITDA: N/A

FF&E: $90,000

Inventory: $10,000

Rent: $4,847 /Month

Established: 2004

14 Year Family Deli Business - Unbeatable Location

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Business Description

~ Asset Sale - Seller Financing Available ~

This is an outstanding deli with a great location and consistent 4 to 5-star reviews across popular social media platforms. This deli has been in a busy, active, well-maintained shopping center for the last 14 years. There is a wide variety of shopping, dining and leisure activities in this complex. The deli is a 100’ from a major theater entrance, about 50’ from a Starbucks location and around the corner from a sports complex. Hence, this center has a very high occupancy rate over the last ten years. The rent is under $5000 per month. The deli has 30 seats inside and five covered patio tables outside. They have a beer and wine license. The present owner has owned the business for three years using the same menus including an extensive catering menu.

The catering has not been properly utilized because the owner had no prior food experience and is not sales oriented. The previous owner had consistent sales averaging over $300,000 per year and acknowledged profits averaging over $40,000 per year before adjustments for excessive Cost of Goods sold.

There is substantial room for growth by utilizing an advertising and marketing campaign, expanding the catering business and optimizing food costs.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,248
Lease Expiration:
10/1/2019
Employees:
1 p/t + owners
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This deli has been in a busy, active, well-maintained shopping center for the last 14 years. There is a wide variety of shopping, dining and leisure activities in this complex. The deli is a 100’ from a major theater entrance, about 100’ from a Starbucks location and around the corner from a sports complex. Hence, this center has a very high occupancy rate over the last ten years. The rent is under $5000 per month with 30 seats inside and five covered patio tables outside. The lease is negotiable.
Competition:
There are other eating options in the area and a competitive business environment. Loudoun and Fairfax county are two of the richest and fastest growing counties in the U.S. The deli industry is increasing at approximately 4% and is reflected in the area.
Growth & Expansion:
Sales are break even with no adjustments to Cost of Goods Sold. Attention to the COGS would greatly impact the owner benefit. Marketing and advertising efforts have been low and sales would benefit from an advertising plan.
Financing:
$55,000 financing for 36 months at 6% for a payment of $1673.00 plus or minus
Support & Training:
Current owners will train for four weeks at no cost.
Reason for Selling:
To pursue other interests along with semi-retirement.
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Fred Walker

Business Listed By:
Fred Walker

Murphy Business & Financial VA

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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.

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