Successful Deli

Morris County, NJ

Successful Deli
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Asking Price: $250,000

Cash Flow: $91,648

Gross Revenue: $555,823

EBITDA: N/A

FF&E: $165,000

Inventory: N/A

Rent: $3,150 /Month

Established: 2015

Successful Deli

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Business Description

Wonderful location for this highly successful well-known deli/luncheonette, which offers a wide variety of popular traditional foods to its many satisfied customers. This six-day operation can be further developed with an improved marketing plan and delivery service. The deli has a solid gross yearly income of $555,823, plus discretionary income and a consistent net yearly income to the operator. The business produces 30% catering and 70% of the business is produced during the lunch period. This deli is known for its delicious, fast, and affordable foods which is guaranteed to satisfy their many customers breakfast, lunch, and dinner cravings. They offer healthy, fresh Italian cuisine and only the freshest products and finest ingredients. This is a long time, family owned and operated business. This company has eight full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $9,100. The business has an assignable commercial lease which expires 7/21/2020 plus additional options, with a monthly rent of $3,150, cost per square foot is estimated at $34.67 and rent security of approximately $5,000. The business also offers a selection of catering and online ordering and delivery to their customers home or office. The business has been valued / priced at $250,000 based on a multiple of the net yearly income which includes the value of the specific business assets. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.

Detailed Information

Location:
Morris County, NJ
Real Estate:
Leased
Building SF:
1,090
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This deli opportunity is in Northern New Jersey, Morris County, Morristown, which consists of a highly populated affluent community and has a substantial number of companies including the County courthouse, and a major state hospital with thousands of potential customers. This retail facility which consist of approximately 1,090 square feet has a seating capacity for twenty customers, with no basement. It also has a clean and modern appearance and this deli caterer is located on an active commercial avenue with many other successful businesses.
Competition:
The business is in a highly active and populated city with many retail food businesses, however, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
The business presently has a limited marketing plan, basic local advertising, non-optimized web site and if improved can further develop the business yearly gross sales.
Support & Training:
The seller has agreed to remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
Owner has alternative business out of the area.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

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