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Deli/Luncheonette For Sale

Monmouth County, New Jersey, United States
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Asking Price$95,000
Revenue$400,000 Established2013
Cash Flow$75,000 Employees4 full-time
FF&E$145,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Excellent American Luncheonette Deli business opportunity with gross yearly sales of $400,000 and a consistent net income to the owner operator. The facility is four years new with a modern and attractive atmosphere. The deli is located on an active road for customer convenience. The business offers delivery and catering services which is a small percentage of the yearly sales. This industry does not require government licensing approval to purchase however a municipal food license is required to operate. This luncheonette deli has four full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll cost is approximately $9,000 based with an onsite owner operator. The business has an assignable commercial lease which expires 2021-01-01 plus additional options, with a monthly rent of $4,500, cost per square foot is estimated at $19.70 and rent security of approximately $9,000. The business is in an active commercial mall, on a county road, consists of approximately 2,740 square feet and has an estimated capacity for thirty-nine customers. The business fixed assets has an estimated value of approximately $145,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial luncheonette deli, which includes commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has substantial private mall parking on site as part of the commercial lease. This successful deli business operation is active seven days per week, with hours from 8:00 am to 8:00 pm. The sale includes all required documentation including a certificate of occupancy and food license from the municipality and the required state or city licenses to conduct its day to day business. The business has been valued at $95,000 based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a wonderful dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. The business has a great deal of opportunity to expand. 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 particular business opportunity.
Facilities:This retail facility consists of approximately 2,740 square feet, two floors and has a modern attractive appearance. The sale includes a modern full kitchen and a huge basement with additional storage and office. The business is in a mid-size commercial mall with various other active and successful businesses. This profitable business opportunity is in central New Jersey, Monmouth County. The business is located on an active four lane highway with substantial drive by traffic and the general area has numerous businesses with demand for this food product.
Competition:There are competitors in the industry and to the best of our knowledge, 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 Potential:The business presently has a limited marketing plan, poor web site and can be improved to further develop the business yearly gross sales. The delivery service is less than 5% of the income which can be further improved.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Seller Financing:May be considered to a qualified buyer with an appropriate down payment.
Sale Reason:May be considered to a qualified buyer with an appropriate down payment.
Ad #101337
Seller Reference #DELI261
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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