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Asking Price$575,000
Revenue$1,045,000 Established1975
Cash Flow$187,000 Employees5 full-time
FF&E$330,000* FranchiseNo
Inventory$10,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Highly profitable forty-year-old food market & liquor products which has a gross yearly income of $1,045,000 and a net yearly income of $181,000. This combination deli, mart and liquor store with Lotto is located in Northern New Jersey in Bergen County on an active county road. The business food offerings consist of all the favorite products including deli products which represent a substantial markup to the net yearly income. This is a dependable business opportunity and based on the asking price, required down payment and yearly income, this business expect to supply a solid investment return to the owner operator prior to debt service. This is a forty-year full service combination mart, Deli & Liquor Store. This industry requires government approval for purchaser due to the liquor license and Lotto approval. This long standing highly successful retail business which offers deli, food mart and liquor products is located on a busy avenue with lots of drive by vehicles. The business facility is consisting of 2,000 square feet with a clean attractive image. The business is in a free standing commercial store located in Northern New Jersey, Bergen County, on an active county road and consists of various highly populated communities with continued demand for this food service. This deli mart business has five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $13,500. This business opportunity has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $4,500, rent per square foot $27.00 and rent security $4,500. This commercial facility which consists of 2,000 square feet, 1,500 basements for storage and a capacity for approximately forty-five customers. The sale includes a fully equipped deli mart & liquor business with an asset value of $330,000 based on replacement cost of equipment, including a commercial kitchen, distribution liquor license, refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary equipment to maintain the day to day business operation. The facility has appropriate private & municipal parking nearby to this the business. The business is active seven days per week, with hours from 8:00 am to 6:00 pm. The sale includes a NJ state issued distribution liquor license, Lotto approval, certificate of occupancy from the particular municipality and the required license approval from the city. The owner will remain post-closing for 30 days and supply a training period satisfactory to the purchaser. The owner is relocating into an alternative larger business. The business presently has a limited marketing plan to develop off premise catering which can further improve the business bottom line corporate income. Also only 8% of the sales represent liquor, the license can be sold which has an actual value of $220,000. To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The 2015 gross yearly income is $1,045,000, yearly net income $187,000 prior to debt service and based with on-site ownership. This business opportunity has been valued at $575,000 based on a multiple of the net yearly income along with the value of the assets and seller financing is available to a qualified buyer. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Facilities:This long standing highly successful retail business which offers deli, food mart and liquor products is located on a busy avenue with lots of drive by vehicles. The business facility is consisting of 2,000 square feet with a clean attractive image. The business is in a free standing commercial store located in Northern New Jersey, Bergen County, on an active county road and consists of various highly populated communities with continued demand for this food service.
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 long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan to develop off premise catering which can further improve the business bottom line corporate income. Also only 8% of the sales represent liquor, the license can be sold which has an actual value of $220,000.
Training/Support:The owner will remain post-closing for 30 days and supply a training period satisfactory to the purchaser.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner is relocating into an alternative larger business.
Ad #88237
Seller Reference #FMKT149
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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