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Best Sub Shop in a Bustling Town!

Union, NJ (Union County)

Seller Financing Available
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Asking Price: $299,000

Cash Flow: $32,059

Gross Revenue: $319,875

EBITDA: N/A

FF&E: $45,000

Inventory: $5,000

Rent: $2,250,000 /Month

Established: 1972

Best Sub Shop in a Bustling Town!

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Business Description

Very profitable "landmark" Deli in a high-traffic, safe area. It's been a deli in the same location for 46 years. There's only one competitor in the real immediate area. Though, the sub quality is much less. Great reviews on Yelp & Facebook. Plenty of free parking out back & on a side street as well. Owner's retiring prompting the sale. "All" Furniture, Fixtures & Equipment valued @ +/- $45,000 & Salable Inventory of $5,000 minimum are included in sale. Financials are more reflective of the 2017 tax return figures. A deal will be contingent upon a buyer getting a satisfactory lease thru landlord. Contact Seth @201-317-4710 for additional details & showing.

Detailed Information

Location:
Union, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
900
Lease Expiration:
N/A
Employees:
4PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
900 square feet. All Furniture, Fixtures & Equipment are in good condition & are included in sale. Present owner has a month to month lease. A new tenant can try to negotiate a brand new satisfactory lease with the landlord.
Competition:
There are three chain subs in the same town & several others. They’re all at least (1) mile away. This sub shop has existed for 46 years due to its high quality, & isn’t a chain sub shop
Growth & Expansion:
A new owner should strongly consider opening up until 2pm or 3pm on Sunday’s. It’d be a plus to deliver to a local merchants & area residents as well. Some advertising would help - offering discounts.
Financing:
Seller will finance at least 40% of a deal over at least (36) months for a qualified
Support & Training:
Owner will provide (2) full weeks of training to a new business owner.
Reason for Selling:
Single owner plans to retire once business is sold
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(from currently available funds)
 
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Seth Kain

Business Listed By:
Seth Kain

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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