Profitable Deli in Busy and Safe Area

North Arlington, NJ (Bergen County)

Seller Financing Available
Profitable Deli in Busy and Safe Area
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Asking Price: $249,000

Cash Flow: $128,000

Gross Revenue: $707,000

EBITDA: N/A

FF&E: $75,000

Inventory: $20,000*

Rent: $3.58 /Month

Established: N/A

*not included in asking price.

Profitable Deli in Busy and Safe Area

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Business Description

Nicely-renovated Deli/Hot Food/C-Store in a high-traffic, safe area. Several nearby schools & churches drive many people to this section of town. Many area residents have frequented the store going back 40-50 years as it's always been a deli. Plenty of parking - private lot on the side of the building along with several spots right out front. Owner runs it semi-absentee & is selling his business for personal reasons. He'd consider financing a smaller percentage of a sale. OTHER INCOME: Lottery $34,000, Cigarette rebates $12,000, ATM $2,000 = $48,000. FF&E of $75,000 included in sale. New qualified tenant can get a better lease situation with a good chance of 1st option to buy the property. Contact Seth Kain @ 201-317-4710 for additional details & showing.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,300
Lease Expiration:
N/A
Employees:
3 FT 3 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,300 square feet including a basement of a similar size. Private parking lot on the side of this freestanding building with an apartment up top. "All" furniture fixtures & equipment are in very good condition & are included in sale. Present owner has a bit under 7 years left on his lease. A new tenant/owner should be able to get a longer lease situation with a pretty good chance of getting the 1st option to buy the property.
Competition:
There's a 7-11 several blocks away. But, the customers of this listed business are very loyal, many of them going back for many years throuhg one or more previous owners. It's a very tight-knit community with many customers from nearby churches & schools.
Growth & Expansion:
A new owner should offer more hot food choices. There's one table out front, but, room for at least a couple more. Putting in these tables would be a plus for people wanting to eat immediately during the late spring, summer, & early fall days. Delivering to area customers would be a way to increase sales & profits.
Support & Training:
Up to 2 weeks at absolutely no cost to a new buyer.
Reason for Selling:
Other business interests & spending more time with his family.
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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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