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Luncheonette Business For Sale

Essex County, New Jersey, United States
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Asking Price$125,000
Revenue$250,000 Established1975
Cash Flow$50,000 Employees3 full-time
FF&E$75,000* FranchiseNo
Inventory$12,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
New ultra-modern successful Luncheonette business in an active commercial mall of Essex County, Northern New Jersey. This business has existed for forty years with a wonderful reputation for its quality service and excellent food products. The business has recently been fully upgraded and the owner must sell due to family difficulties. This luncheonette has a gross income of $250,000 and offers an extensive breakfast and lunch menu including off premise catering. This luncheonette consists of a six-day work week with hours from 7:00 am to 4:00 pm and continues to service an active community of daily workers and shoppers, in this urban city area. The 1,400 square feet facility seats 38 customers and has a full size basement and private entrance. The business sale offers a long term lease with continued options with a gross monthly rent of $2,850 and modest rent increases. The sale includes a full commercial kitchen, numerous displays, tables & chairs, computer system, phone system, etc. This is a great opportunity to own a successful, established lunch deli business with unlimited potential. The restaurant has a new commercial kitchen, numerous displays, tables & chairs, computer system, phone system and various equipment required in this industry, etc. The building has a legal capacity for 49 customers and the facility is 1,400 square feet with a 1200 square foot basement. The business has private mall parking as part of the commercial lease agreement. The luncheonette is active six days a week (Closed Sunday) 7am-4pm. The business has a municipal food handler’s license to serve food to the general public. The lease requires the tenant to be responsible for utilities such as water, gas, electric, telephone apply and a complete expense list is available for review. The business has three employees who are expected to remain post-closing monthly payroll is approximately $4,760. Based on the asking price, required down payment and net income this business should supply a dependable return to the owner operator prior to debt service. This is an excellent safe business opportunity. The business has gross yearly sales of $250,000 and yearly net income of $50,000. The asking price is $125,000 and owner financing is available to qualified buyers and inventory is included. Because the sale of this business is confidential all viewings are by appointment only and any photo may not represent the particular business.
Facilities:The business is located in a highly populated urban city in Essex County, Northern New Jersey. This city has a huge population and a very large volume of daily workers and shoppers that require this type of food service. The facility consists of 1,400 square feet with a seating capacity for 38 customers. The business is located in an attractive mall which draws a great deal of shoppers.
Competition:With respect to competition, no other Luncheonette Deli businesses are in this particular area and the seller will supply a non compete agreement to the purchaser.
Growth Potential:With a marketing and advertising plan, along with a delivery service, this business can be further improved and developed representing a higher income to the owner operator.
Training/Support:Seller will supply a full transitional period to the new operator and will remain post closing for thirty days.
Seller Financing:Owner financing is available to qualified buyers.
Sale Reason:The owner is absentee and the sale is due to family issues.
Ad #86058
Seller Reference #LNCH253
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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