Authentic Italian Delicatessen & Catering Business

Bucks County, PA

Seller Financing Available
Italian Deli
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Asking Price: Get Financing: $219,000

Cash Flow: $150,000

Gross Revenue: $505,000

EBITDA: $150,000

FF&E: $50,000

Inventory: $10,000

Lease Rate: N/A /SF

Established: 2006

Authentic Italian Delicatessen & Catering Business

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Business Description

Cash Cow - Varifiable Income

A unique and rare opportunity to purchase a very profitable established Italian Deli Style & Catering business in a upper income upscale Philly suburban location. This business was established on 2006, and continues to demonstrate steady year to year growth in revenues and profits. The business is a truly original neighborhood Italian Deli specializing in the Best of Town tomato pies, Italian hoagies and sandwiches. This is not a franchise and is owner/operator with very favorable lease terms. Great business for a Buyer looking for an established and steady income stream. Owner is willing to help in transition.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
N/A
Employees:
3 FT 4 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business operates from a Leased storefront in a retail commercial shopping center area. The business currently is on a month to month Lease; however, the Landlord is desirous to enter a long-term Lease with terms to be negotiated. The space is 1,100 square feet and the current rent is $2,000/month which includes all CAM charges. There is adequate parking for 15-20 vehicles.
Competition:
Unique business selling home made specialty items with secret recipes. Supermarkets may compete but only sell pr made commercialized products. This business has a niche in the marketplace with no competition.
Growth & Expansion:
The business Owner spends little to no money on advertising. He does run local ads in the smaller town publications and participates with local school sponsorships. The Owner is old school and therefore has not utilized any of the current marketing tools available such as Twitter and other social media platforms. The deli also does not have a domain name or web site which is a critical marketing tool in growing any business in todays modern world. The opportunities for growth are limitless in the technology and social media arena. The development of a web site and mailing list, as well as a more aggressive marketing plan could instantly add value and increase revenues. A new Owner may want to expand the hours of operation and open on Monday and Sunday which have proven to be very profitable during Football season.
Financing:
Negotiable
Support & Training:
The current owner is willing to stay on as needed to mentor and teach the new owner all the nuances of this business. This would include complete introductions to existing customers and the day to day running of the business. This will assure a smooth transition.
Reason for Selling:
Retirement
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Stan Rubinstein

Business Listed By:
Stan Rubinstein

Stony Hill Business Advisors

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Sponsoring Broker:
Stony Hill Advisors


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