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Asking Price$275,000
Revenue$930,000 EstablishedUndisclosed
Cash Flow$158,931 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
Inventory$30,000 RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
Uptown Deli and Grocery Est. 70 Yrs. Located in the heart of a newly gentrified area, this is a true diamond. There are many newly renovated or converted apartments surrounding this business as well as 2 major hospitals, many schools and 2 churches. The closest 2 competitors recently lost their beer licenses due to violations. This is the only store offering beer in the area. Beer accounts for 35% of sales. 60% comes from deli and 5% grocery. In the past year this business grossed approx. $960,000.00 with a net income of approx. $158,932.00. The store is 1,800 sq. ft. (800 sq. on main floor and 1,000 downstairs). Rent is only $6,250/mth. (incl. taxes and maint.). There are 8 yrs. left on the lease and that can be extended. Yearly increases are only 2.5%. There is no LOTTO, but it can be added. The owner is only here 4-5 hrs./wk. We are looking for a serious and financially qualified buyer with at least $220K in liquid capital to cover the down payment, inventory (approx. $30K above asking price), deposits and working capital. For More Information Contact Mel Vaz today at 631-909-1095 or mvaz@vestedbb.com.
Training/Support:seller will train
Seller Financing:$189,000.00 Down and $86K over 3 yrs. @ 6%
Sale Reason:Moving
Ad #47793
Seller Reference #23632
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Melvin L. Vaz
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