Successful Latino Deli

Nassau County, NY

Seller Financing Available
Successful Latino Deli
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Asking Price: Get Financing: $420,000

Cash Flow: $213,000

Gross Revenue: $930,000

EBITDA: N/A

FF&E: $100,000

Inventory: $20,000*

Lease Rate: $5,288 /Month

Established: 1997

*not included in asking price.

Successful Latino Deli

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Business Description

Located in central Nassau County on a busy main road, in an area with a large Hispanic population, there’s probably no better location for a Latin deli. Positioned near several schools and churches, with a bus stop right in front, this successful deli has been a landmark in the community for more than 20 years and is supported by a very loyal and growing customer base. Serving a variety of traditional Hispanic foods and convenience items, this deli earns a 4.5 star rating on Yelp. In addition to their excellent walk-in business, they also do well with catering and delivery. This 3000 square foot, 20-seat deli has a fully equipped kitchen plus 2 deli cases, 1 five-door refrigerator, 1 two-door refrigerator, 2 freezers, 2 open case refrigerators and a lot more. There are 7 years remaining on the current lease, with an option to renew for 12 more years. The owner must relocate for family reasons, and is heartbroken to sell this successful business. The numbers are provable. Limited financing is available for the right buyer. The owner will provide support and training to ensure a smooth transition for the new owner, and to make sure his pride and joy will continue to be successful.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
7/1/2025
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
fully equipped kitchen plus 2 deli cases, 1 five-door refrigerator, 1 two-door refrigerator, 2 freezers, 2 open case refrigerators and a lot more.
Competition:
Large Hispanic population, County bus stop out front
Growth & Expansion:
Advertise
Financing:
TBD
Support & Training:
The owner will provide support and training to ensure a smooth transition for the new owner, and to make sure his pride and joy will continue to be successful.
Reason for Selling:
Relocating
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(from currently available funds)
 
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Bruce Miller

Business Listed By:
Bruce Miller

Business Broker

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