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Asking PriceUndisclosed
Revenue$3,700,000 Established1986
Cash Flow$500,000 Employees12 full-time
FF&E$575,000* FranchiseNo
Inventory$4,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Super volume highly successful Italian Deli, Food Mart & restaurant which offers catering services and very popular specialized deli products. The business is located in Mercer County, NJ and has a yearly gross income of $3.7 million and a substantial net yearly income to the owner operator. For many years this highly successful award-winning retail food mart is known for its high quality products and service, providing gourmet food at affordable deli prices. This food mart produces a large volume of catering with a substantial mark up and high profit to the owner operator. They are located in a highly active affluent urban area, close to various companies, school systems, pharmaceutical companies and government agencies. Whether you're entertaining friends, family or business associates, the company makes it easy for the customer to create a great impression. Their staff is experienced and provides top notch, friendly and professional service that can be trusted and relied upon. The sale includes a fully equipped combination food mart, deli and restaurant including a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, ancillary 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. This business has twelve employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll of $14,000. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $14,100 and rent security $20,000. The business is located on a busy commercial avenue which consists of 3,500 square feet has a capacity for approximately sixty-five customers. The facility has appropriate municipal parking near to the business. The business is active seven days per week, with hours from 9:00 am to 7:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required city licenses to conduct its day to day business. This is a remarkable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a substantial investment return to the owner operator prior to debt service. The 2014 yearly gross income was $3,700,000 and the business has a yearly net income of $500,000 based on an owner operator and prior to debt service. The 2015 income has increased 20% from the prior year. The business has been valued based on a fair multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.
Facilities:This retail facility consists of 3,500 square feet with various sections for different products and services. The business is clean modern with an attractive appearance. The business is on an active commercial avenue close to various businesses that attract a large clientele. This opportunity is located in Central New Jersey, Mercer County, which consists of various affluent communities with continued demand for this particular food service industry.
Competition:To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply a non-compete agreement to the purchaser.
Growth Potential:The business can further develop its catering position with an improved marketing plan and by improving the business web site.
Training/Support:The owner will remain post-closing for 60 days and supply a transitional period.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owners are retiring after many successful years.
Ad #79833
Seller Reference #DELI238
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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