Profitable Deli Luncheonette with strong catering clients

Forest Hills, NY (Queens County)

Seller Financing Available
Profitable Deli Luncheonette with strong catering clients
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Asking Price: Get Financing: $350,000

Cash Flow: $260,233

Gross Revenue: $1,179,432

EBITDA: N/A

FF&E: N/A

Inventory: $5,000*

Lease Rate: $69 /SF/Year

Established: 1985

*not included in asking price.

Profitable Deli Luncheonette with strong catering clients

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Business Description

Recently Reduced

This Deli has been in existence for over 30 years. Does an amazing walk in business. It has been a money maker since inception due to it's prime location. They have many corporate accounts and does a huge business in off premises catering. Only top of the line food served as they cater to high end clients concerned more with quality than price. Has a great staff in place. He welcomes an observation period with a good faith deposit. This is a money maker priced to sell. at less than 2x earnings!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,900
Lease Expiration:
7/31/2026
Employees:
10
Facilities:
This deli is on a very busy street in Forest Hills-Kew Gardens neighborhood of Queens, NY. It is 1900 square feet plus a full basement. Fully equipped with 10 burner stove, ventilation hood, walk in box, 4 freezers, deli cases, POS system etc. Seats 40. Exceptional lease for the area with 12 years remaining
Financing:
Seller will consider financing
Support & Training:
Owner will remain for as long as necessary
Reason for Selling:
Owner has other business interests
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Contact the Seller

(from currently available funds)
 
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Marc Lazarus

Business Listed By:
Marc Lazarus

Transworld Advisors

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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.

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