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Deli in Commercial Building - Priced to Sell / All Reasonable Offers C

Houston, TX (Harris County)

Seller Financing Available
Overall Storefront
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Asking Price: $29,900

Cash Flow: N/A

Gross Revenue: $60,000

EBITDA: N/A

FF&E: $12,000

Inventory: $1,500

Rent: $1 /Month

Established: 2017

Deli in Commercial Building - Priced to Sell / All Reasonable Offers C

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Business Description

Great Potential For Growth!

*PLEASE CALL FOR SPECIAL INSTRUCTIONS BEFORE VISITING THE LOCATION*

This office building, located close to Hwy 290 & Hollister, has about 200~300 people (about 75% occupied) with some projected large tenants moving in soon. Daily sale is $280~$350, monthly rent is $0 NNN (free rent until the end of lease term).

The building is clean, impressive and well managed. The deli has a bright modern design with mostly brand new equipment such as hot plate, vent hood, fryer and more (landlord owned, included in rent). It also has a dedicated grease trap room with additional storage area and a mop sink.

Hours of operation are from 8:00 to 4:00 M-F. We serve breakfast and lunch. Our food is well regarded on Yelp and Google. We make a solid breakfast taco with house-made salsa, and we are known for quality burgers and premium sandwiches. The recipes, branding, and operating knowhow are all included in the sale.

Great startup investment for an entrepreneurial person with a passion for food service. Lots of potential for growth with some savvy marketing, and expansion of core business (such as with catering).

Detailed Information

Location:
Houston, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,120
Lease Expiration:
7/1/2019
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Square POS with Cash Register & Thermal Printer, Display Shelving with Storage Bins & LED Spot Lighting, Apple Home Pod Music System, Espresso Machine & Accessories, Water & Ice Maker Filters, Wall Mounted 55" TV, Bakery Case, Pan Rack, 4 Heavy Duty Stainless Storage Racks, Microwave Oven (Sharp), Vitamix Blender, Jack LaLanne Juicer, Instant Pot Cooker, Rolling Metal Rack, Breville Food Processor, Knives, Potato Peelers, Cutting Pads, Flasks 2 Glass Drink Dispensers (with stainless spigots), 24 Aluminum Trays, KitchenAid Mandoline Sl
Competition:
There are a handful of buildings around with no attached delis. There are some fast food restaurants on the other side of the freeway. But there are no higher quality food establishments in the vicinity. This is where we come in. We serve premium quality food and drinks, and our customers appreciate us for it. We also have a successful drinks program with fresh juices and smoothies and some relatively healthier options. The clientele is mostly office workers.
Growth & Expansion:
We are highly rated on Google and Yelp. If new owners are tech savvy they can leverage this to drive more customers. We have a great drinks program (Smoothies, Fresh Squeezes Juices, etc). We also have the infrastructure for a quality coffee program (Frappuccinos, Latt├ęs), new owners should consider expanding this. Our food is very good, new owners should focus on marketing and social media to drive more outside customers. We did some catering successfully, new owners should consider actively marketing this as well.
Financing:
50% down, remainder in 30 days
Support & Training:
2 full-time employees stay with the business. 2 weeks hands-on training with existing owner. 6 months of over-the-phone operational assistance. All records are pristine. Every sale is tracked through Square POS. We will help explain the loyalty program, payroll, specials, technical help, purchasing, inventory, and anything else the new owner may find beneficial.
Reason for Selling:
Owner is busy and unable to put in the time required to grow the business.
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Business Listed By:
Sanjay Sohoni

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