Downtown Memphis Deli

Memphis, TN (Shelby County)

Deli Sandwich
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Asking Price: $80,000

Cash Flow: $31,000

Gross Revenue: $204,250

EBITDA: N/A

FF&E: $45,000

Inventory: $1,000*

Rent: $4,500 /Month

Established: 2002

*not included in asking price.

Downtown Memphis Deli

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Business Description

Downtown Memphis Deli

Deli for sale by owner in downtown Memphis, TN, Shelby County.
Great opportunity to acquire your own store! All appliances included upon sale. Established 17 years ago walking distance to Memphis and County Court Houses with heavy foot traffic and lots of stores just steps away. Nearby businesses include ServiceMaster, AutoZone, FedEx Forum and Cook Convention Center. Beale St. is close by. Local students from Memphis Law School are regular patrons. Deli currently serving lunch only (soups, salads, sandwiches). Cajun specialties are a hit with the locals.
Plenty of space available for renovation. Seats 70 inside and another 20 outside during warmer weather. Plenty of space to develop a larger business. If you have serious interest in a profitable deli business, this could be the opportunity for you.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
3/31/2021
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3000sf restaurant facility in Downtown Memphis, TN with all equipment to operate as deli/restaurant.
Competition:
Downtown Memphis is transitioning. Several large corporations have moved downtown along with new condominiums, breweries, and restaurants. Trolley cars are coming back on and many young professionals are starting to call Downtown home.
Growth & Expansion:
The deli currently is open just for lunch, five days a week. This gives the new owner unlimited growth opportunities. This deli should be serving breakfast and perhaps limited dinner. Catering is an options that has not been implemented with all the businesses within walking distance. This could be a gold mine for an aggressive, go-getter who wants to make a profitable business for themselves.
Financing:
Cash to Seller at closing.
Support & Training:
Current owner will assist buyer on negotiated basis.
Reason for Selling:
Owner retiring.
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Steven Rose

Business Listed By:
Steven Rose

Crye-Leike Commercial

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